Terra Tech Corp (OTCMKTS:TRTC) provided an update on the continued development and expansion of MediFarm and Blum ™ in Nevada. The company’s subsidiary, MediFarm, obtained approvals from Unincorporated Clark County for its land use applications for medicinal cannabis dispensaries.
The details
Terra Tech has already obtained a provisional operational permit from Nevada State in 2014. MediFarm was listed sixth and seventh out of nearly 37 County dispensary applications obtained by the State. Derek Peterson, the CEO said that he is excited at the results from Clark County. The team has worked hard on these two applications and they look forward to establishing two additional retail outlets that can offer incomparable service to the patients in state.
The market reach
The CEO further added that they now have four medical cannabis dispensaries, two extraction and production facilities and two cultivation centers to design and develop , transforming company one of the largest cannabis operators within the Nevada State. Terra Tech feels comfortable with its ability to both manage and fund the various construction projects and the team will immediately commence working with builders and architects to break ground as soon as possible. The company will release additional updates on Nevada projects in the coming period.
The profile
Terra Tech along with its wholly-owned subsidiary entity GrowOp Technology offer services in medical cannabis industry. The subsidiary specializes in restricted environment agricultural technologies. It integrates hydroponic equipment and patented software and hardware to give sustainable solutions for indoor agriculture enterprises as well as home practitioners. Terra Tech Corp (OTCMKTS:TRTC) complete product line can be explored at specialty retailers throughout the country.
In last trading session, the stock price of Terra Tech jumped more than 7% to close the trading session at $0.147. The gains came at a share volume of 3.75 million compared to average share volume of 1.82 million.
