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 Hot Stock to Watch |
Company: Terra Tech Corp (OTCQB: TRTC)
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Last:
Price: 0.59
Change (%): - 0.035 (5.60)
Volume: 4,409,861 |
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Terra Tech Subsidiary, MediFarm LLC, Secures Clark County Special Use Permit for a Medical Cannabis Cultivation and Production Facility
Las Vegas, June 18, 2014 (GLOBE NEWSWIRE) - Terra Tech Corp (TRTC) subsidiary, MediFarm LLC, is pleased to announce that it has successfully secured a special use permit in Clark County, Nevada for a medical cannabis cultivation and production facility. On June 17th the Company presented to the Board of Commissioners and successfully secured a special use permit for its proposed Las Vegas facility. The MediFarm team presented to the commission their extensive experience in traditional agriculture as well as medical cannabis cultivation and extraction. The Company received unanimous consent from the commission and will move forward in applying to the State for a business license to operate its cultivation and production facility.
“We are thrilled to have the opportunity to move forward with our state application,” explains Derek Peterson CEO of Terra Tech Corp. “This has been a lengthy process and I want to personally thank the entire team who helped put our application together. Their tireless effort has given our company an opportunity to develop a new business segment, that with state approval, could mean significant growth for us in the future.”
The proposed facility is approximately 35,000 Sq ft and will contain both cultivation and production at the same location. The team is working towards completing their state application while at the same time working aggressively towards submitting an application to the City of Las Vegas to operate a medical Cannabis dispensary. The company intends to give further updates about their efforts throughout Nevada as they progress through the process, reach certain milestones and enter new applications.
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