Company Signs New Craft Cultivator to Grow All-natural, Sustainably Produced Cannabis
IRVINE, CA–(Marketwired – May 24, 2017) – Terra Tech Corp. (OTCQX: TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced that it has launched a new “Craft Cultivation” model to expand its cultivation capabilities, signing its first “Craft Cultivator” in Northern California. This farm, which is approved for up to one full acre (approximately 44,000 square feet) of cannabis cultivation and uses 22,000 square feet of engineered greenhouse space, is estimated to yield approximately one metric ton of the Company’s proprietary high grade “IVXX” cannabis on an annual basis.
Terra Tech has executed a one-year lease and operating contract with Panther Gap Farms, with the option to renew both the one-year lease and the operating contract a further three times in the following years. The property is located in Honeydew, CA, in Southern Humboldt …