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| TRTC Makes Major Move in Nevada Acquires Remainder of Interest in Blüm, Reno Dispensary |
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 Hot Stock to Watch |
Company: Terra Tech Corp (OTCQB: TRTC)
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Last:
Price: 0.6875
Change (%): - 0.0125 (1.79)
Volume: 281,230 |
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Terra Tech Corp. Acquires Remainder of Interest in Blüm, Reno Dispensary
IRVINE, CA / ACCESSWIRE / June 13, 2019 / Terra Tech Corp. (OTCQX: TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, is pleased to announce the Nevada Department of Taxation has approved its agreement to acquire the remainder of the interest in the Blüm Reno dispensary and the building where the facility is located from Forever Green NV and Forever Young Investments, LLC, affiliates of Heidi Loeb Hegerich.
Terra Tech Corp.’s ownership in the Blüm dispensary, including its cannabis licenses and the building which houses the dispensary, increased from 50% to 100%. The dispensary is located at 1085 S Virginia St Suite A, Reno, NV 89502.
Derek Peterson, CEO of Terra Tech, commented, “Our Blüm dispensary in Reno has provided cannabis products to the local medical market since January 2017. Since Nevada legalized adult use cannabis we have seen even stronger sales at Blüm, Reno and we are pleased to now have complete ownership and control over the dispensary as we continue to execute against our growth strategy for this location. We are also ramping cultivation and production of our premium IVXX™ cannabis products at our Sparks and Reno facilities; these IVXX products are sold at both our Blüm dispensaries as well as third party dispensaries across Nevada.”
This concludes the lawsuit between Terra Tech Corp. and Forever Green, Forever Young Investments and Ms. Hegerich.
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