Stocks to buy: Terra Tech Corp (TRTC) My 100% Prediction – RICH TV LIVE – Septemebr 24, 2018 – IRVINE, Calif., Sept. 24, 2018 (GLOBE NEWSWIRE) — Terra Tech Corp. (OTCQX: TRTC), (“Terra Tech” or the “Company”) a vertically integrated cannabis-focused agriculture company, is pleased to announce that the City of Santa Ana has granted its East Dyer Road, East Carnegie Avenue and South Tech Center Drive locations vertically-integrated Phase I permits. These permits allow the Company to commence development of cultivation, manufacturing and distribution capabilities at these locations. Moreover, upon completion of the build-out of each location’s facilities, they also confer upon the Company the right to apply for Phase II permits which are needed to commence commercial activities.
The Company is expanding its presence in Southern California as the state’s cannabis market continues its transformation from a black market economy into a multibillion-dollar, regulated market. By opening several locations across Santa Ana, each of which will benefit from vertical integration and will house the Company’s recognizable ‘Blüm’ dispensary brand, the Company is positioning itself as a major supplier of medical and adult-use cannabis to all the surrounding cities, such as Irvine, Laguna Beach and Newport Beach, all of which currently suffer from a scarcity of existing cannabis dispensaries. When completed, the Company’s expanded cultivation and extraction capabilities will allow it to ramp production of its proprietary IVXX™ cannabis products, which are grown and harvested under the safest and most beneficial conditions. All IVXX products are thoughtfully produced, rigorously tested and certified to the highest standards of potency and purity for sale at the Company’s proprietary Blüm dispensaries as well as at third party dispensaries.
Derek Peterson, Chairman and CEO, commented, “We have successfully capitalized on our first mover advantage to expand our portfolio of cannabis permits in Santa Ana to now include three vertically-integrated Phase I permits, in addition to the retail permits for Dyer Road and Carnegie Avenue that we obtained in July of this year and the retail permit associated with our fully-operational Blüm dispensary on Tech Center Drive. Now that we have these permits, the Company is free to commence construction of its cultivation and extraction facilities at all three of these locations. Southern California is a major cannabis market and we are excited to pursue this opportunity which will allow us to increase production volumes of our premium IVXX-branded wholesale cannabis products, including producing cannabis-infused, non-alcoholic beverages at the Dyer Road facility.”
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Stocks to buy: Terra Tech Corp (OTCQX: TRTC) My 100% Prediction