Terra Tech Releases Corporate & Revenue Update

“We are currently assembling our applications for Northern Nevada, as well as preparing our applications for the State which we intend on submitting by the August 18th deadline.”

Florida: On June 16, 2014, Florida Governor Rick Scott signed into law Senate Bill 1030, which permits five dispensing organizations in the state of Florida to cultivate, process and dispense non-smokable, low-THC cannabis. The Florida Department of Health is currently engaged in the administrative rule making process, and is required under the law to authorize the establishment of five dispensing organizations no later than January 1, 2015.

The company recently signed a LOI with Florida Tuxedo Plants, Inc., one of the qualified nurseries listed by the state. The LOI affords the companies 90 days to negotiate terms and enter a definitive agreement. “Florida is an important market and our hope is that responsible regulations are put in place allowing for a sustainable medical program to develop.

The company recently retained two Florida-based consultants to assist the company with its strategy and efforts to pursue opportunities in this new market,” explains Derek Peterson, CEO of Terra Tech. NRTI & Lab: Terra Tech has been working with Inergetics, Inc. to develop a line of natural cannabidiol (CBD)-based nutritional supplements. NRTI has been working diligently in developing an advisory team and focusing on testing for bioavailability.

To read more, visit http://finance.yahoo.com/news/terra-tech-releases-corporate-2014-020053044.html

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