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Terra Tech Signs LOI To Acquire Cannabis Cultivation & Production Facilities In Nevada

CALIFORNIA: Terra Tech, a vertically integrated, cannabis-focused agriculture company, announced that it has signed a non-binding letter of intent to acquire 50% of NuLeaf Sparks Cultivation LLC and NuLeaf Reno Production LLC. The acquisition is expected to fast track Terra Tech’s cultivation and production facilities allowing them to introduce their IVXX wholesale brand as well as support increasing demand for cannabis products throughout Nevada.

NuLeaf Sparks holds a Nevada medical cannabis cultivation license and is in the process of constructing a 30,000 square foot cannabis cultivation facility in Sparks, Nevada. NuLeaf Reno holds a Nevada medical cannabis production license and is in the process of constructing a 15,000 square foot cannabis production facility in Reno, Nevada. Both facilities are expected to be completed by the fourth quarter of 2017.

Derek Peterson, CEO of Terra Tech, commented, “This partnership will allow us to rapidly increase our time to market without needing to invest vast amounts of time or capex into establishing cultivation and production capabilities from scratch. The NuLeaf team, which has operated BPG cannabis dispensary in Berkeley, CA, has been a premier vertically integrated supplier in California for over two decades. Our combined experience positions us to be a dominant force throughout Nevada. We aim to close the transaction in Q3 2017 and to start generating revenues from cannabis produced at the joint facilities by the end of the year. Cannabis grown at these facilities will be harvested under the safest conditions, free of toxic pesticides, harmful molds and chemical residues in order to meet the high standards associated with our IVXX brand. The new cultivation and production facilities will supply our three dispensaries in Las Vegas, as well as our Reno dispensary, and third party dispensaries across the State of Nevada.”

Tim Schick, president and CEO of NuLeaf, commented, “We are excited to enter into this partnership with Terra Tech, which is one of the most well-known and reputable operators in Nevada’s burgeoning cannabis market. The legalization of cannabis in Nevada has opened a major opportunity for companies to develop and introduce brands to a global market. Terra Tech’s seasoned team combined with our significant industry experience should give us a solid first mover advantage with brand penetration in the Nevada market and we are excited to move forward with this transaction.”

The proposed transaction is subject to customary closing conditions, including both parties completing due diligence and obtaining any approvals from applicable state and local authorities. The closing is conditional on negotiating final agreements in addition to the other closing conditions. Assuming completion of these conditions, the transaction is expected to close in the third quarter of 2017.

Terra Tech Announces Opening Of Fourth Nevada Medical Cannabis Dispensary

Grand Opening in Reno, Nevada on January 12, 2017

NEVADA: Terra Tech Corp., a vertically integrated cannabis-focused agriculture company,  announced that its new Blüm dispensary, located at 1085 South Virginia Street, Reno, Nevada, will open to patients on Monday, January 2nd, 2017 at 9:00 AM Pacific Time. The Company will also host a Grand Opening for the dispensary on Thursday, January 12th, 2017, at 9:00AM PT, with the ribbon cutting scheduled for 1:00 PM PT. Investors, media and customers are invited to attend the event to view the dispensary’s selection of premium medical cannabis products.

The Blüm dispensary in Reno, Nevada is currently open to the public for preregistration. The dispensary will offer the Company’s proprietary IVXX™ brand of premium medical cannabis, flowers, shatters, waxes and oils, among other high-quality cannabis products from a range of reputable providers of superior grade medical cannabis.

Derek Peterson, CEO of Terra Tech, stated, “It is our great pleasure to announce that Blüm Reno has successfully completed all of its inspections with the State of Nevada and officially received its Nevada State Medical Marijuana Establishment (“MME”) Registration Certificate. Our dispensary in Northern Nevada successfully received the MME Registration Certificate without one deficiency and I am proud of our team for all its hard work getting us to this stage. This is our fourth dispensary in Nevada to open in less than a year, giving us a strong presence in the state. Moreover, in November 2016, Nevada took the historic step of approving the legalization of recreational cannabis. We believe that our efforts to establish Blüm as a leader in the medical cannabis market have uniquely positioned the Company to capitalize on the emerging market for legal cannabis, where we see significant opportunity for growth.”

The Reno, Nevada Blüm dispensary follows the opening of the Desert Inn Dispensary in October, 2016, the South Decatur Boulevard, Las Vegas Dispensary in August, 2016 and the Western, Las Vegas Dispensary in April, 2016. The Company has also operated a Blüm dispensary in Oakland, California, since April, 2016.

Terrapin Announces Plans For Hoboken Dispensary

Begins local process for medical cannabis with community impact plan

NEW JERSEY: Terrapin has announced plans to open a medical cannabis dispensary in Hoboken, with a social equity community impact plan that has the support of the community’s nonprofit sector.

Minority-owned Terrapin has plans to open a dispensary in Hoboken at 86 River St. After nearly three years of outreach to the community, Terrapin is ready to begin the local zoning process, preparing paperwork to move through local zoning boards. Terrapin wanted to wait until it had the support of the North Jersey community before making any announcements.

“As always, Terrapin is focused on planting local roots,” said Chris Woods, the founder, owner and CEO of Terrapin. “We are so thankful to our partners in the Hoboken community who have welcomed us with open arms. We are excited to serve these communities as responsible corporate actors in meeting the needs of cannabis patients, while also leaving a positive community footprint.”

An expanded cannabis industry means potential for long-lasting community partnerships. As part of its commitment to local North Jersey communities, Terrapin has identified several nonprofits and organizations to work with to create a beneficial footprint for its neighbors. Much of the focus is on diversity in workforce and economic development.

Nonprofits and organizations Terrapin partnered with include: 

  • WomenRising, a Jersey City-based nonprofit that assists women and families in North Jersey with counseling, economic development and advocacy. Terrapin has pledged to assist in creating an employment pipeline by connecting WomenRising alumni to potential employment opportunities within Terrapin. Terrapin also has pledged financial support to the organization.
  • Oasis, A Haven for Women and Children. The Paterson organization’s mission is to change the lives of women and children by breaking the cycle of poverty through compassionate programs designed to feed, clothe, educate and empower women and children in need. Terrapin will work on an employment pipeline with the organization, while providing volunteers in the form of directors to develop mentorships and training.
  • Project Help, a group dedicated to serving homeless veterans in northern New Jersey. The nonprofit has been able to expand services to include financial support and legal assistance. One initiative Terrapin has pledged to support is to assist veterans suffering from PTSD. There has been a strong nexus between medical cannabis legalization and assisting veterans, and Terrapin would like to see that momentum grow. Terrapin helped to launch VetForce in Pennsylvania, a security firm for the cannabis industry. Terrapin has plans to assist with a similar program in New Jersey where veterans run security for the cannabis industry.
  • Hudson Pride Center, the LGBTQ+ Community Center for Hudson County. Hudson Pride offers a variety of health, support and social services to the LGBTQ+ community. Hudson County has the largest LGBTQ+ population in the State of New Jersey and Terrapin has long stood as an ally to this community. We will work to educate the local community about the medical efficacy of cannabis, especially for conditions that might be relevant to the LGBTQ+ community, like anxiety and HIV/AIDS. Terrapin will also work with the group on a jobs pipeline.
  • United Food and Commercial Workers International Union (UFCW). Terrapin has entered into a Labor Peace Agreement with the Union to avoid labor disputes and to promote harmonious labor relations.

“Terrapin recognizes that partnerships between the business and nonprofit sectors create synergies which benefit individuals and the larger community,” said Roseann Mazzeo, S.C., WomenRising Executive Director. “Workforce development is critical to our mission of assisting women and their families to achieve self-sufficiency and live safe, productive and fulfilling lives. We look forward to working with Terrapin in developing additional opportunities to support this mission.”

Social equity job fair 
Terrapin also has plans for a job fair with an emphasis on social equity. Terrapin will model the program after a similar event the company held in Michigan, where Terrapin provided resources to socio-disadvantaged communities looking for access to a new cannabis industry. Drawing upon our experience with Color of Cannabis, Terrapin will place a focus on diversity as it establishes operations in Hoboken.

Color of Cannabis provides technical business support, mentorship training, and partnerships for people of color and stakeholders negatively impacted by cannabis prohibition. The group will oversee a social equity informational session and resume-building workshop for Terrapin in New Jersey, holding the event virtually if COVID-19 prohibits in-person gatherings. Those who attend the informational session will receive valuable resume-building and interview tips to improve chances of employment. Participants will be encouraged to attend a Terrapin job fair and Color of Cannabis will screen resumes to ensure diversity in hiring.

Support from community leaders 
Terrapin partnered with several high-profile figures in the Hoboken community, including Joseph Castelo, a second-generation descendant of Galician Spanish immigrants who dreamed about building up the community that gave him and his family so many opportunities. Joe, a filmmaker and entrepreneur, has provided fundraising platforms and events for GLAAD, The Water Project, the Boys and Girls Club, and he has donated to numerous local charities. Antique Bar and Bakery, the Hoboken restaurant Joe co-owns, donates food to the community’s homeless shelter. Antique’s senior employees and Joe have also mentored local youth interested in pursuing careers in the restaurant business. Joe himself has extended employment opportunities to ex-inmates, an exercise that has been tremendously successful.

“It has been an honor and a pleasure to work with Chris Woods and his team at Terrapin,” Castelo said. “Terrapin’s culture aligns strongly with our commitment to serving the local community. We are thrilled to enter into a partnership to work with Terrapin to bring more opportunity and diversity to Hoboken’s workforce, while also offering access to patients who need medical cannabis. We look forward to a long relationship.”

Accountability
Terrapin has established several boards to reflect a commitment to Hoboken. The volunteer-based advisory boards include counseling on community impact, workforce development, and medical cannabis efficacy. The boards will convene at least twice a year to ensure that Terrapin is remaining true to its mission of positively impacting the local community, while maintaining a commitment to the integrity of medical cannabis.

Terrapin’s history as a pioneer
Founded in Boulder, Colo. in 2009 as one of the first licensed medical marijuana providers in the country, Terrapin has led the industry as a pioneer. Expanding to New Jersey serves as a homecoming for founder Chris Woods, whose family resides in the state. What started as a one-man business in an office park in South Boulder has blossomed into a national company with more than 300 employees.

Terrapin operates six dispensaries and four cultivation/processing facilities in Colorado. In addition to its Colorado operations, Terrapin operates a licensed grower/processor medical marijuana facility in Clinton County, Pennsylvania, and it recently launched a medical cannabis grower facility in Grand Rapids, Mich.

“We have a proven track record that ensures that we will fit in with the fabric of this community,” Woods added. “The relationships we have developed with the community allow us to serve as a responsible partner who is invested in the future of Hoboken and North Jersey.”

CannaTech Tel Aviv 2019 Returns April 1-3, 2019

ISRAEL: Israel’s CannaTech conference returns to Tel Aviv, the global capital of medical cannabis —  a place where innovative Israeli researchers and scientists, high tech experts and “Start-Up Nation” entrepreneurs have fused their knowledge and skills with other world leaders in the industry to develop cutting edge expertise.

iCANN logo final

The main events will take place at Trask, in the Tel Aviv Port on the Mediterranean Sea, from April 1-3, 2019.

The cannabis economy is the world’s fastest growing industry, with an outstanding track record of research and development and a significant contribution to a vast array of medical treatments. Economists foresee the potential overall market worth of cannabis related goods and products in the tens of billions of dollars in the next decade.

Companies, entrepreneurs, researchers, investors and other stakeholders will meet at the CannaTech Innovation Summit to connect and learn about the latest opportunities in the booming medical cannabis market as well as the newest cutting-edge technologies and research in the field.

Saul Kaye, CEO and founder of CannaTech and iCAN-Israel Cannabis said, “Now that Israel has legalized export of medical cannabis, local industry and Israel’s research institutions, already decades ahead of any cannabis R&D facilities in the world, will flourish and continue to create global partnerships with countries that are witnessing unprecedented demand.  Israel will be helping patients across continents obtain the world’s safest and most effective cannabis-based medicine and products, and I could not be prouder that Israel and CannaTech are leaders in this ecosystem.”

At CannaTech attendees will hear from and meet the industry’s most serious thought leaders and market disrupters from around the world.  Topics will include Ag-Tech, Regulation, Medical Research, Investment, Media/New Cannabis Communication, Innovation, Hemp and Sustainability.

To learn more about the CannaTech Tel Aviv Innovation Summit, purchase tickets and subscribe to event updates and speakers lists click here.  To learn about iCAN, the Summit’s organizers,  click here for the iCAN website.

MJ Index Launched: 20 U.S. Based Marijuana Stocks Ranging From Microcap To Large Cap

Marijuana legalization in California will increase the number of people that currently have access to recreational pot by over 5 fold. After all, California in itself boasts the world’s 6th largest economy. Once California passes legal marijuana then the rest of the nation will soon follow. The passive investment opportunities are limited almost exclusively to risky penny stocks that trade over-the-counter with little oversight. Although high risk, marijuana stocks will likely experience epic returns over the coming months. Fully legal recreational marijuana in California will be an absolute game changer!

Here is a list of 20 actively-traded U.S. based marijuana stocks that comprise the newly launched MJ Index (www.allmarijuanastocks.com/MJ-Index/). Grouped below into 4 market capitalization levels; microcap, small cap, mid cap and large cap.

5 microcap marijuana stocks (under $1M market capitalization)
BTFL, MJMJ, NGBL, PZOO, VRCI

Monarch America, Inc. (BTFL) 
Monarch America, Inc., through its The Big Tomato, Inc. subsidiary, sells and distributes hydroponic lights and equipment to the indoor gardeners and commercial growers. Company website www.monarchamerica.com

The MaryJane Group, Inc. (MJMJ)
The MaryJane Group, Inc., through its subsidiaries, provides lodging, events, spa services, and brand merchandising primarily in the cannabis industry. The company operates and manages Bud + Breakfast locations that offer bed and breakfast to the recreational marijuana industry. Company websitewww.themaryjanegrp.com

Notis Global, Inc. (NGBL)
Notis Global, Inc., together with its subsidiaries, provides specialized consulting services to the hemp and marijuana industry primarily in Arizona, California, Colorado, Nevada, Illinois, Oregon, and Washington. The company provides Notis Global dispensing system for the control and dispensing of medical marijuana industry. Company website www.notisglobal.com

Pazoo, Inc. (PZOO)
The company offers pharmaceutical testing laboratory services to the medical cannabis industry; and marketing and sales agent services for the distribution of non-controlled hemp productsCompany website www.pazoo.com

Verde Science, Inc. (VRCI)
Verde Science, Inc., a pharmaceutical research and development company, focuses on developing a portfolio of cannabinoid based prescription medicines for various medical conditions. Company website www.verdescienceinc.com

5 small cap marijuana stocks ($1M – $20M market capitalization)
AGTK, GRNH, HEMP, PHOT, VAPE

Agritek Holdings, Inc. (AGTK)
Agritek Holdings, Inc. offers various products and services to the medicinal marijuana sector in the United States. It distributes hemp-based nutritional products; and provides solutions for electronically processing merchant transactions. Company website www.agritekholdings.com

GreenGro Technologies, Inc. (GRNH)
GreenGro Technologies, Inc. designs, manufactures, and markets green eco-friendly vertical cultivation systems in the United States. Company websitewww.greengrotech.com

Hemp Inc. (HEMP)
Hemp Inc. produces products made from industrial hemp. The company also offers products and services to the medical and recreational marijuana industries.Company website www.hempinc.com

Growlife, Inc. (PHOT)
GrowLife, Inc. is a nationally recognized cultivation brand, providing world-class hydroponic equipment, lighting, nutrients, media, and other cultivation supplies to commercial and urban operations. Company website www.growlifeinc.com

Vape Holdings, Inc. (VAPE)
Vape Holdings, Inc. engages in designing, marketing, and distributing ceramic vaporization productsThe company offers blended ceramic vaporization element for torched, electronic, and portable vaporizers under HIVE brand. Vape Holdings, Inc. is based in Chatsworth, California. Company websitewww.vapeholdings.com

5 mid cap marijuana stocks ($20M – $100M market capitalization)
CANN, CVSI, MSRT, SRNA, ZDPY 

General Cannabis Corp. (CANN)
General Cannabis Corporation provides services to the regulated cannabis industry in the United States. The company engages in the acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners. Company website www.generalcann.com

CV Sciences, Inc. (CVSI)
CV Sciences, Inc., a life science company, focuses on developing and commercializing novel therapeutics utilizing synthetic Cannabidiol (CBD). Company websitewww.cvsciences.com

MassRoots, Inc. (MSRT)
MassRoots, Inc. operates a technology platform for the cannabis community in the United States. The company’s mobile network enables users to share cannabis content to connect with the legalization movement. Company website www.massroots.com

Surna Inc. (SRNA)
Surna Inc. designs, develops, manufactures, and distributes systems for controlled environment agriculture (CEA). It offers chillers, lights, reflectors, and irrigation systems; Hybrid Building that uses the sun as its primary light source; air sanitation technology for mold and mildew risk mitigation to cultivators; and mechanical, electrical, and plumbing services. Company website www.surna.com

Zoned Properties Inc. (ZDPY)
Zoned Properties Inc., a real estate company, engages in operating, leasing, and managing commercial properties primarily in Arizona. The company also holds properties that have licensed medical marijuana operators signed to lease agreements. Company website www.zonedproperties.com

5 large cap marijuana stocks ($100M+ market cap)
AXIM, INSY, KSHB, MJNA, TRTC

AXIM Biotechnologies, Inc. (AXIM)
AXIM Biotechnologies, Inc., a biotechnology company, focuses on the treatment of pain, spasticity, anxiety, and other medical disorders with the application of cannabinoids based productsCompany website www.aximbiotech.com

INSYS Therapeutics, Inc. (INSY)
Insys Therapeutics, Inc., a specialty pharmaceutical company, develops and commercializes supportive care productsThe company markets Subsys, a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant cancer patients in the United States. Company website www.insysrx.com

Kush Bottles, Inc. (KSHB)
Kush Bottles, Inc. markets and sells packaging products and solutions for the medical and recreational cannabis industries in the United States. Company websitewww.kushbottles.com

Medical Marijuana, Inc. (MJNA)
Medical Marijuana, Inc., an investment holding company, operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products to seed and stalk or isolated high value extracts manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries. Company website www.medicalmarijuanainc.com

Terra Tech Corp. (TRTC)
Terra Tech Corp., through its subsidiaries, engages in the design, marketing, and sale of hydroponic equipment with proprietary technology to create sustainable solutions for the cultivation of indoor agriculture in Newport Beach and Irvine, California. Company website www.terratechcorp.com

MJ Index is available at http://www.allmarijuanastocks.com/MJ-Index/

Small Cannabis Companies Capitalize on Market Growth

NEW YORK: The Cannabis Sector has been heating up for a number of years now. In the past few years, there has been a huge surge in new companies stepping in because of user growth. According to a Gallup poll on August 8th, 2016, one in eight U.S. adults say they smoke marijuana. The report elaborates even further that thirteen percent of U.S. adults currently smoke marijuana, which is roughly up almost double that from 3 years ago. This indication is why small Cannabis companies are trying to capitalize on the sector growth. Medical Marijuana, Inc. (OTC: MJNA), Terra Tech Corp. (OTCQX: TRTC), General Cannabis Corp. (OTCQB: CANN), South American Gold Corp. (OTC: SAGD),CV Sciences, Inc. (OTCQB: CVSI)

Many states along with the current ones that are now legal for medical or recreational use of marijuana have also grown in the past few years. As a result, lots of entrepreneurs and business savvy companies have been trying to capitalize on the market growth.

Small companies are looking to make a name for themselves in this space. The current ones in the public equity markets that have been tremendous attention grabbers are Medical Marijuana, Inc. (OTC: MJNA), their mission is to be the premier cannabis and hemp industry innovators, leveraging their team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. Terra Tech Corp. (OTC: TRTC), operates through multiple subsidiary businesses, including: Blüm, IVXX Inc., Edible Gardens, MediFarm, LLC and GrowOp Technology. Blüm’s retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions.

Blum Opens Second Dispensary in Las Vegas, Grand Opening Is August 20, 2016

NEVADA:  Terra Tech Corp, a vertically-integrated, cannabis-focused agriculture company, today announced the Grand Opening of its latest Blüm retail dispensary, to be located on 3650 South Decatur Boulevard, Suite 6 & 7, Las Vegas, Nevada, will be held on August 20, 2016. This is Terra Tech’s second retail location in Nevada and follows the opening of the Western Las Vegas Dispensary in April 2016. The Company also operates a Blüm dispensary in Oakland, California.

The 4,800 square foot facility is located on Decatur Boulevard, on the west side of the Las Vegas metropolitan area. The Decatur Boulevard Blüm Dispensary will offer the Company’s proprietary IVXX™ brand of premium medical cannabis, flowers, shatters, waxes and oils, among other high-quality cannabis products from a range of reputable providers of superior grade medical cannabis.

Derek Peterson, CEO of Terra Tech, commented, “Once the final city and state inspection has been completed, we will have the South Decatur Boulevard store Grand Opening on August 20th. We invite investors and media to come to the Grand Opening and take a look at our selection of premium medical cannabis products.”

Mr. Peterson continued, “This November, the recreational marijuana initiative is on the ballot in Nevada. We have purposefully selected this location to take advantage of not just local tourism, but also demand from the sizeable local residential population which is anticipated to significantly increase should recreational use of cannabis be legalized. With the strategic placement of this dispensary we are well positioned to treat our patients with the highest grade cannabis products in a prime location.”

The dispensary will be operated through the Company’s subsidiary, MediFarm, LLC, and the Grand Opening, on August 20, 2016, will mark the official launch of the dispensary. The Company also plans to open a third dispensary on Desert Inn Road near the Las Vegas Convention Center, and another dispensary in Reno, northwest Nevada by the end of the summer season.

Pot Research Stalled Even As Legalization Gains Momentum

DISTRICT OF COLUMBIA: Speaking by phone, Anthony Fabrizio was on a roll about his career in cannabis research when he suddenly fell silent. You could hear the San Francisco–based research director stammering, then grunting. Silence again.

Fabrizio returned to the conversation more than 10 seconds later. He chose his next words gingerly, like someone trying to find a light switch in a dark room, placing one hand in front of the other.

“I … just had a seizure,” he said. The research director for Terra Tech Corp., a public company based in Irvine, California, suffers absence seizures (sometimes called petit mal seizures) due to epilepsy. He credits smoking marijuana with reducing the number of seizures from about 20 a week to one every few months. Fabrizio, 27, a biochemist, has since become an evangelist for medical marijuana, which is legally available in 23 states and the nation’s capital, with legislation underway in other states.

Despite the growing momentum for pot legalization, marijuana remains one of the most difficult substances to study in the United States.

SEC Allows Pot Dealer To Register Stock

NEW YORK:  The U.S. Securities and Exchange Commission has allowed a share registration to proceed for a company whose business model includes cultivation and sale of marijuana, which are both illegal under federal law, though legal under some state laws.

This approval appears to be the first green light for a share registration by a company in this line of business and could set a precedent for marijuana dealers to access the equity markets, but the agency’s ambivalence about such a business model is clear from the way it handled the registration.

Irvine, Calif.-based Terra Tech Corp. TRTC, +2.35%   recently received approval for its disclosures and the registration of its shares.

Another company planning to cultivate and sell marijuana also has a pending application with the SEC, a source familiar with the company said.

 

 

 

Marijuana Growers Sprout On Wall Street As Pot Goes Public

CALIFORNIA:  Derek Peterson may soon become the first CEO of a public company that cultivates, distributes and sells marijuana.

Terra Tech Corp., based in Irvine, California, won approval last week from the Securities and Exchange Commission to raise $6.8 million to build and operate medical marijuana operations in Nevada, where the company secured preliminary approvals.

The company will seek to raise about $7 million more later in the year, Peterson said.

The company’s MediFarm division, which plans to grow, distribute and sell marijuana in Reno, Las Vegas and other parts of the state, has blazed new ground in the on-going debate over marijuana legalization by gaining acceptance from a federal agency, the SEC, which is tasked with safeguarding public markets and investors. The federal government, after all, still considers marijuana to be as dangerous as heroin or LSD.