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| TRTC Achieves Major Milestone After an Exhaustive Review Secures Provisional Licenses for all California Operations |
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 Hot Stock to Watch |
Company: Terra Tech Corp (OTCQX: TRTC)
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Last:
Price: 0.5875
Change (%): + 0.0275 (4.91)
Volume: 286,634 |
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Terra Tech Secures Provisional Licenses for all California Operations
IRVINE, CA / ACCESSWIRE / June 24, 2019 / Terra Tech Corp. (TRTC) (“Terra Tech”) or (the “Company”), a vertically integrated cannabis-focused agriculture company, today announced that all of its currently operating California facilities have been issued a provisional license from the State of California, which is valid for one year and requires METRC compliance. The issuance of these licenses ensures that operations will continue in a lawful and uninterrupted manner for the next year.
Licenses are issued only after an exhaustive review of operational and corporate documents that provide assurance to the State of California that lawful and transparent operations are being conducted and verify transparency of financial and ownership information. Terra Tech is migrating its entire existing inventory into the Marijuana Enforcement Tracking Reporting Compliance (METRC) system, bringing all licensed activities into compliant operations.
Chief Executive Officer, Derek Peterson, said, “I would like to thank the State of California for recognizing our efforts to ensure transparency and regulatory compliance at all our locations, and for issuing these provisional licenses, including one for our recently renovated Oakland cultivation facility. We are proud to be using the METRC software system to record the inventory and movement of our cannabis products through the commercial supply chain; this system advances the State of California’s objectives to promote a regulated, safe and conscientious cannabis market so that consumers can be assured that the products they’re buying are safe.”
Terra Tech operates licensed retail dispensaries under the business name Blüm in Oakland, San Leandro, and Santa Ana; and licensed cultivation and distribution activities in Oakland.
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