Terra Tech Corp Subsidiary, MediFarm, Submits Application for Medical Marijuana Dispensary in Las Vegas
July 24 2014 - 09:05AM
Terra Tech Corp (TRTC), subsidiary, MediFarm LLC, is pleased to
announce that it has successfully submitted its applications
for both a special use permit and compliance permit to the
City of Las Vegas, Nevada. MediFarm's special use permit
application was submitted to the City's Planning Department on July
17th. On July 23rd MediFarm submitted
its application and business plan to the City's Business
Licensing Department to obtain a Medical Marijuana Dispensary
Compliance Permit. The compliance permit is required to be issued
before the City accepts a business license application
to operate a medical marijuana establishment in the
City of Las Vegas. The MediFarm
application presents to the City
MediFarm's extensive experience in traditional agriculture as
well as medical cannabis dispensary operations. The company
anticipates that there will be a public hearing on the
applications and that the City Council will make their selections
in September or October 2014, after the state application has been
submitted.
"I'm extremely proud of our team, headed by
Salwa Ibrahim, who worked tirelessly to meet the strict deadlines
the city put in place," said Derek Peterson, CEO of Terra Tech
Corp. "She has a tremendous amount of experience building these
applications and I feel very confident about the document we
submitted."
The proposed facility is approximately a mile
off the strip on Western Ave. near Wyoming Ave. and located in
close proximity to complimentary medical facilities with easy
access to residential communities. Additionally the team has
completed their state application associated with this property
several weeks ahead of schedule. We anticipate on submitting
to the state before August 18th. The company is now focusing on
applying to operate a dispensary and a cultivation and production
facility in Northern Nevada. The company intends to give
further updates about their efforts throughout Nevada as they
progress through the process, reach certain milestones and enter
new applications.
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: CONTACT:
Bill Clayton
Independence Financial Ltd.
Toll-Free: (888) 603-2896
Email: info@terratechcorp.com