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| TRTC Taps into Large Markets with Only Open Cannabis Dispensary in San Leandro, Ca Outside San Francisco |
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 Hot Stock to Watch |
Company: Terra Tech Corp. (OTCQX: TRTC)
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Last:
Price: 0.805
Change (%): + 0.015 (1.90)
Volume: 87,525 |
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Terra Tech Commences Cannabis Sales to the Adult Use Market at Blüm San Leandro Dispensary
IRVINE, CA / ACCESSWIRE / May 3, 2019 / Terra Tech Corp. (OTCQX: TRTC) (“Terra Tech”) or (the “Company”), a vertically integrated cannabis-focused agriculture company, announced today the start of cannabis sales to the City of San Leandro’s adult use market. On March 19, 2019 the San Leandro City Council approved adult use sales with a start date of May 1, 2019. After completing their review, the State approved the local authorization and issued the provisional adult and medical license May 2, 2019. The City has approved three retail facilities; however the Company currently operates the only dispensary that is currently open in the City at 1915 Fairway Drive San Leandro, CA, 94577.
The provisional license is valid for one year. Terra Tech’s Blüm San Leandro dispensary has seen consistent medical foot traffic and a significant number of adult users, over 200 a week on average, who have been turned away since the medical facility opened its doors on January 11, 2019 due to the prior restriction on sales. The company expects robust sales in San Leandro which is a prominent suburb city of San Francisco and Oakland, centered in the dynamic San Francisco Bay Area, with a vibrant community of more than 89,000 residents. The City also encompasses a large industrial area that is home to an advanced manufacturing industry.
Chief Executive Officer, Derek Peterson, said, “Since we made history opening the first medical dispensary in San Leandro in January 2019, we have been committed to supporting the local community, bringing much-needed medical cannabis to patients in the area. As the owners of the only open cannabis dispensary in San Leandro, we are now uniquely positioned to serve the adult use cannabis market in San Leandro, which also attracts customers from San Francisco and Oakland. This is a great opportunity which opens our total addressable market and is expected to drive meaningful sales growth at our San Leandro location.”
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