Terra Tech Forms New Wholly Owned Subsidiary MediPharm LLC To Compete For Nevada Medical Cannabis Permit
April 02 2014 - 5:11PM
Terra Tech Corp (TRTC) is pleased to announce the
formation of MediPharm LLC. a wholly owned Nevada LLC which has
been formed for the sole purpose of competing for medical cannabis
permits in the state of Nevada. In addition to the formation
of the subsidiary the company is currently building out all the
necessary components to apply for medical cannabis cultivation,
retail and production permits as well as forming their advisory
board and selecting appropriate real estate within the counties
parameters.
The business licensing and special use permit
process for Unincorporated Clark County will be opening in the 3rd
week of April. In addition if MediPharm is selected at a
county level, applications will be presented to the state of Nevada
for further review and approval. The Company anticipates that
process to be concluded by early June and state level selections to
be made in the fourth quarter 2014. While Unincorporated
Clark County is first in establishing and implementing their
process other counties within the state will be opening up in the
near future. Terra Tech intends on applying in multiple
jurisdictions.
"This is another step forward in developing our
application to obtain a permit in Nevada. We are assembling a
well rounded and experienced team to assist us in the process,"
explains Derek Peterson CEO of Terra Tech.
The company will continue to give updates
throughout the application process.
About Terra Tech
Terra Tech Corp. (TRTC) through its
wholly-owned subsidiary GrowOp Technology, specializes in
controlled environment agricultural technologies. The company
integrates best-of-breed hydroponic equipment with proprietary
software and hardware to provide sustainable solutions for indoor
agriculture enterprises and home practitioners. Our complete
product line is available at specialty retailers throughout the
United States, and via our website. Through its wholly-owned
subsidiary Edible Garden, cultivates a premier brand of local and
sustainably grown hydroponic produce, sold through major grocery
stores such as Shoprite, Fairway Markets and others throughout
Massachusetts, New Hampshire, New Jersey, New York, Delaware,
Maryland, Connecticut, and Pennsylvania.
For more information about Terra Tech Corp
visit: www.terratechcorp.com
Visit us on Facebook
@ http://www.facebook.com/terratechcorp
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
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 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
Terra Tech Corp.'s filings with the Securities and Exchange
Commission. In addition, such statements could be affected by risks
and uncertainties related to Terra Tech Corp.'s (i) product demand,
market and customer acceptance of its equipment and other goods,
(ii) ability to obtain financing to expand its operations, (iii)
ability to attract qualified sales representatives, (iv)
competition, pricing and development difficulties, (v) ability to
integrate GrowOp Technology Ltd. into its operations as a reporting
issuer with the Securities and Exchange Commission, and (vi)
general industry and market conditions and growth rates and general
economic conditions. 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 the date of this release.
Information on Terra Tech Corp.'s website does not constitute a
part of this release.
CONTACT: Bill Clayton
Independence Financial Ltd.
Toll-Free: (888) 603-2896
Email: info@terratechcorp.com