Terra Tech Aims to Open Cannabis Businesses in Nevada
January 30th, 2014
News, Top Story
Terra Tech Corp (OTC Markets: TRTC), a company that specializes in controlled environment agricultural technologies, has jumped more than 40% over the past five days, as it unveils its plans within the cannabis industry.
On Wednesday, the company announced that it has formed a team focused on competing for both retail and cultivation permits to operate cannabis businesses in Nevada through its subsidiary GrowOp Technology. The team will be headed by a former principal lobbyist for the ACLU at the Nevada state legislature, Rebecca Gasca.
Read the full press release announcing the efforts here:
Terra Tech Corp (TRTC), through their subsidiary GrowOp Technology, is pleased to announce they have formed a team focused on competing for permits to operate cannabis businesses within the state of Nevada. The team is to be headed by former principal lobbyist for the ACLU at the Nevada state legislature Rebecca Gasca.
Rebecca Gasca is CEO of Pistil and Stigma, a values-driven community and government relations firm that focuses on legislative change, public policy, program development, fundraising, advocacy and public relations. She is former Rotary International Goodwill Ambassador to Chile and recently served as a US State Department Legislative Fellow to Nepal. In Nevada, she has lobbied successfully on hundreds of pieces of legislation and her firm worked closely on the medical marijuana dispensary legislation that was signed in to law by Republican Governor Brian Sandoval.
“We aligned ourselves with Rebecca due to her history of expertise in helping shape socially responsible legislation,” says Derek Peterson, CEO Terra Tech Corp. “She has been on the ground floor in Nevada since the inception of their medical cannabis dispensary bill and was instrumental in its formation. She is heading our team and assisting us in the formation of our applications.
The company plans on applying for both retail and cultivation permits to obtain vertical integration within the market. If successful the company intends on building a food production facility in addition to produce fresh and locally grown herbs for sale into restaurants and casinos throughout Clark County.
“The indoor cultivation that you see taking place throughout the country is a drain on electricity as well as other natural resources,” says Rebecca Gasca CEO of Pistil and Stigma. “I chose to work with Terra Tech due to their commitment to sustainable agricultural practices as it relates to both food and cannabis. Patients deserve to have access to quality medication grown in food grade quality facilities and our objective is to make Nevada the poster child for a program that is both patient and environmentally friendly.”
Nevada plans on opening up the medical marijuana cultivation and application process during early summer 2014 and the company expects the state to award permits by the end of summer or early fall of this year.
About Terra Tech
Terra Tech Corp. (TRTC) through its wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. Our complete product line is available at specialty retailers throughout the United States, and via our website. Through its wholly-owned subsidiary Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as Shoprite, Food Emporium and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, and Pennsylvania.
For more information about Terra Tech Corp visit: www.terratechcorp.com
Visit us on Facebook @ http://www.facebook.com/terratechcorp
Follow us on Twitter @terratechcorp
For more information about Edible Garden visit: http://www.ediblegarden.com
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Terra Tech Corp.’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.’s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Terra Tech Corp.’s website does not constitute a part of this release.
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