Terra Tech wins two additional Clark County dispensary permits making the company the largest publicly traded medical cannabis operators in the country
Las Vegas, Sept. 03, 2015 (GLOBE NEWSWIRE) — Terra Tech Corp (TRTC), is pleased to give an update on the continued expansion and development of Blum ™ and MediFarm in Nevada. Today, Terra Tech’s subsidiary, MediFarm, received approvals from Unincorporated Clark County for two Land Use Applications for medical cannabis dispensaries to be located at 1130 East Desert Inn Road and 3650 South Decatur Blvd. The Company has already received a provisional operational certificate from the State of Nevada Department of Health and Human Services Division of Public and Behavioral Health on 11/3/2014. MediFarm was ranked sixth and seventh out of approximately thirty-seven County dispensary applications received by the State.
“I am thrilled at the results today in Clark County. Our team has worked extremely hard on these applications and we look forward to building out two additional retail storefronts that can provide exceptional service to the patients of Nevada,” explains Derek Peterson, CEO of Terra Tech. “We now have four dispensaries, two cultivation centers, and two production and extraction facilities to design and build, making us one of the largest operators within the State. We feel comfortable with our ability to both fund and manage the multiple construction projects and we will immediately begin working with our architects and builders to break ground as quickly as possible.”
The Company will issue additional updates on their other Nevada projects in the near future.
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, Walmart, Krogers and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, Pennsylvania and the Midwest. 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.
For more information about Terra Tech Corp visit: www.terratechcorp.com
For more information about IVXX visit: www.ivxx.com
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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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