|Chart | Calendar | TRADE NOW | FORCAST | cryptocurrency
Terra Tech Corp. Announces Changes in Board of Directors
BUZ INVESTORS PRESS RELEASE . TRTC Announces Changes Terra Tech Corp. (TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced Michael Vande Vrede, Steven Vande Vrede, and Amy Almsteier, one of the original co-founders of the Company, have resigned from Terra Tech’s Board of Directors, effective June 1, 2017.
Derek Peterson, Kenneth Vande Vrede, Michael Nahass, Kenneth Krueger and Steven Ross will remain on the Board of Directors. The Company plans to add more independent directors to the Board to enhance its independent oversight by incorporating best practices in corporate governance.
Derek Peterson, CEO of Terra Tech Corp., commented, “I would like to thank Mike, Steven and Amy for their contributions to Terra Tech. They have provided valuable guidance to Terra Tech since it was a fledgling cannabis company and helped to develop the Company into one of the most recognizable names in the industry. We collectively decided this is the right time for them to step down to support the Company’s commitment to best practices in corporate governance, which we believe is paramount to shareholder interests as the Company develops its nationwide presence and positions itself for an up-listing to a major stock exchange when the opportunity presents itself.”
TRTC Announces Changes
To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.
About Terra Tech
Terra Tech Corp. (TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm’s retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blüm offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California. The Company’s 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, Winn-Dixie, Raley’s, Meijer, Kroger, and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, Pennsylvania and the Midwest. Terra Tech’s MediFarm LLC subsidiaries are focused on medical cannabis cultivation and permitting businesses throughout Nevada.
For more information about Terra Tech Corp visit: http://www.terratechcorp.com/
For more information about IVXX visit: http://ivxx.com/
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline
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?fref=ts
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts
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.
Industry: Farm & Construction Machinery » Farm & Construction Equipment NAICS: 333111 SIC: 3523
Compare: NAS:(ASV), OTCPK:(FBRKF), OTCPK:(AMMJ), OTCPK:(SRNA), OTCPK:(TAKD), NAS:(ARTW), NAS:(GENC), OTCPK:(INQD), NAS:(CMCO), NYSE:(TWI), OTCPK:(AGGZF), NYSE:(MTW), NYSE:(LNN), NYSE:(ALG), OTCPK:(LONKF), NAS:(ASTE), OTCPK:(WKRCF), NYSE:(JOY), NYSE:(TEX), OTCPK:(ZLIOY) » details
Headquarter Location: USA
Terra Tech Corp is an integrated cannabis-focused agriculture company which is engaged in cultivating and providing medical cannabis, as well as other agricultural products, such as herbs and leafy greens using classic Dutch hydroponic farming methods.
Terra Tech Corp was incorporated in Nevada on July 22, 2008, under the name Private Secretary, Inc. The Company changed its name to Terra Tech Corp. on January 27, 2012. On February 9, 2012, the Company completed a reverse-triangular merger with GrowOp Technology Ltd. It creates sustainable solutions for food production, indoor cultivation, rare and exotic plants, and agricultural research and development. The Company through its wholly-owned subsidiary is engaged in the design, marketing and sale of hydroponic equipment with proprietary technology to create sustainable solutions for the cultivation of indoor agriculture. It is also a retail seller of locally grown hydroponic produce through its wholly-owned subsidiary, Edible Garden Corp. Its operating and reportable segments are currently organized around the products that the Company offers as part of its core business which are Herbs, Produce and Floral Products and Cannabis Dispensary, Cultivation and Production. Its locally grown hydroponic produce is started from seed and is grown in environmentally controlled greenhouses. When harvested the products are sold through retailers targeted to customers seeking fresh produce locally grown using environmentally sustainable methods. Its cannabis products are currently produced in its lab in California and will be sold in California. The Company was granted eight provisional permits in Nevada and has received approval from the local authorities with respect to six of the eight permits. Its products include Environmental Controllers & Timers, Tents & Film, Ducting & Filtration, Fans, Ballasts, Bulbs, Reflectors, Nutrients, Portable and Hydroponic Trailers. Its subsidiary GrowOp Technology Ltd operates in two distinct markets such as commercial agriculture and retail agriculture. There are numerous manufacturers that are available to GrowOp Technology Ltd, and therefore, it is not limited in the number of suppliers available nor dependent on any one supplier. In the retail agriculture market, three main manufacturers and distributors currently dominate the market in which GrowOp Technology competes which includes Sunlight Supply, Hydrofarm, and BWGS. It’s another subsidiary Edible Garden’s main competitors are Shenadoah Growers and Sun Aqua Farms. To a lesser extent, Edible Garden competes with Green Giant, Del Monte, Rock Hedge Herbs, and Infinite Herbs.