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.
To be added to the Terra Tech email distribution list, please email [email protected] with TRTC in the subject line.
About Terra Tech
Terra Tech Corp. (TRTC) operates through
multiple subsidiary businesses including: Blüm, IVXX Inc., Edible
Garden, and MediFarm LLC. Blüm's retail and medical cannabis
facilities provide the highest quality medical cannabis to patients
who are looking for alternative treatments for their chronic
medical conditions as well as premium cannabis to the adult-use
market in Nevada and California. Blüm offers a broad selection of
cannabis products including; flowers, concentrates and edibles
through its multiple California and Nevada locations. IVXX, Inc. is
a wholly-owned subsidiary of Terra Tech that produces
cannabis-extracted products for regulated cannabis dispensaries
throughout California and dispensaries in Nevada. The Company's
wholly-owned subsidiary, Edible Garden, cultivates a premier brand
of local and sustainably grown hydroponic produce, sold through
major grocery stores such as ShopRite, Walmart, Ahold, Aldi,
Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech's
MediFarm LLC subsidiaries are focused on medical and adult-use
cannabis cultivation and permitting businesses throughout
Nevada.
For more information about Blüm Retail Stores
visit: http://letsblum.com
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline
Follow us on Instagram @Letsblum
Follow us on Twitter @terratechcorp
For more information about Edible Garden visit: http://www.ediblegarden.com/
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts
Cautionary Language Concerning
Forward-Looking Statements
Statements in this press release may be "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as "anticipate", "believe",
"estimate", "expect", "intend" and similar expressions, as they
relate to Terra Tech Corp. (the "Company") or its management,
identify forward-looking statements. These statements are based on
current expectations, estimates and projections about the Company's
business based, in part, on assumptions made by management. These
statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and probably will,
differ materially from what is expressed or forecasted in such
forward-looking statements due to numerous factors, including those
described above and those risks discussed from time to time in the
Company's filings with the Securities and Exchange Commission. Any
forward-looking statements speak only as of the date on which they
are made, and the Company does not undertake any obligation to
update any forward-looking statement to reflect events or
circumstances after such date.
Contact
Philip Carlson
KCSA Strategic Communications
[email protected]
212-896-1238
SOURCE: Terra Tech Corp.
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https://www.accesswire.com/549558/Terra-Tech-Secures-Provisional-Licenses-for-all-California-Operations