Belvidere, April 27, 2015 (GLOBE NEWSWIRE) — Terra Tech Corp (TRTC) subsidiary Edible Garden, an urban agricultural company, is pleased to announce they are expanding their line of naturally grown living produce to multiple Walmart distribution centers. Last year the company was given a trial run through one Walmart distribution center in the Northeast, which serviced approximately 75 stores. Recently Edible Garden was informed Walmart would be adding the Edible Garden line to 4 additional distribution centers located throughout the Northeast as well as the Midwest. Each distribution center services approximately 75 retail stores. The company received the opportunity to service additional markets because they consistently delivered high quality, fresh produce since they began servicing Walmart last June.
“This is a major accomplishment for our brand and a huge vote of confidence in our abilities to service additional distribution centers throughout the country,” says Derek Peterson, CEO Terra Tech Corp. “We are pleased that retailers like Walmart are supporting local farmers, helping create local jobs, and investing in their local communities. “
The company anticipates the first orders will be shipped to the new distribution centers by late May. The company recently achieved organic certification and is in the process of developing additional products to market through both new and existing sales channels.
“We have been working diligently to service our relationship with Walmart and we are excited about our growing relationship with them. Just like any consumer they have lower cost options from outside the country but they have chosen to invest in a small company like ours and in the communities in which we operate. Our goal is to continue to service as many of their stores throughout the country as we can,” expressed Ken Vande Vrede, COO of Terra Tech.
Edible Garden is actively pursuing additional retail partners to fill out their new 5-acre facility as well as the facilities of their cultivation partners in Florida and the Midwest. In addition the company has been experimenting with new produce in an effort to broaden their offerings to both current and potential retail partners.
About Terra Tech
Terra Tech Corp. (TRTC) is a holding company that 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. MediFarm LLC is focused on medical cannabis businesses throughout Nevada. IVXX LLC is a wholly owned subsidiary that produces medical cannabis extracted products for regulated medical cannabis dispensaries throughout California.
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For more information about Edible Garden visit: http://www.ediblegarden.com
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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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