Terra Tech Corp. (TRTC) - OTCQX
  • Thu, May 12, 4:35 PM
    | Thu, May 12, 4:35 PM | 26 Comments
  • Tue, Mar. 29, 4:20 PM
    | Tue, Mar. 29, 4:20 PM | 25 Comments
  • Jul. 8, 2014, 12:37 PM
    | Jul. 8, 2014, 12:37 PM | 13 Comments
  • May 29, 2014, 9:30 AM
    | May 29, 2014, 9:30 AM | 11 Comments
  • Apr. 7, 2014, 2:39 PM
    • In a salute to trend-grabbing entrepreneurs everywhere, Hempamericana files an S-1. The industrial hemp firm plans to sell 34M shares to the public via a self-underwritten best-effort offering @ $0.12 per. Shares will trade on the OTCBB if a market maker agrees to pick up the issue.
    • The company's sole employee is CEO Salvador Rosillo. He intends to use the ~$4M proceeds to execute his business plan of developing, manufacturing and marketing hemp-based products.
    • Potentially undermining his plan's robustness is the statement on page 5 concerning the use of the proceeds: We intend to use the net proceeds to us for working capital and other general corporate purposes, however we do not have any specific uses of the net proceeds planned.
    • The firm's balance sheet shows assets of $100.
    • Further complicating matters is Mr. Rosillo's Chapter 7 bankruptcy a few years ago.
    • Although not in the medical cannabis arena, industry followers still should find Hempamericana's filing an interesting read.
    • (MDBX) (HEMP) (TRTC) (MWIP)
    | Apr. 7, 2014, 2:39 PM | 33 Comments
Company Description
Terra Tech Corp.'s subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. Through its wholly-owned subsidiary, Edible Garden, TRTC cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as... More
Industry: Diversified Machinery
Country: United States