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IRVINE, Calif.--(BUSINESS WIRE)--
Terra Tech Corp (TRTC), a leader in sustainable agricultural products, is pleased to announce that GroRite, a New Jersey based urban agricultural retail supercenter was named as Today’s Garden Center’s Revolutionary 100 Garden Centers for 2013. GroRite has grown into one of New Jersey’s premier gardening centers with annual revenue in excess of $4 Million.
The Revolutionary 100 Awards focus on recognizing the most innovative retail garden centers for their commitment to creating a customer experience that sets their operation apart from the rest. Today’s Garden Center utilizes a competitive and lengthy review process when determining its winners.
“We have worked hard to revolutionize the way people view a gardening center,” explains Ken Vande Vrede, CEO of GroRite. “Traditional retail outlets are a thing of the past as consumers are demanding a broader range of products, as well as new technologies for cultivating such as hydroponics.”
In addition, GroRite retail center will add Terra Tech’s line of hydroponic equipment to its shelves giving shoppers access to some of the most innovative and affordable urban gardening products on the market today. Terra Tech has a letter of Intent to acquire GroRite and the two entities are working aggressively to finalize the terms.
“Recognition like this speaks volumes that we made a great choice in pursuing an acquisition of GroRite,” explains Derek Peterson, CEO of Terra Tech. “We are looking forward to replicating their model in other locations throughout the US.”
Sentiment: Strong Buy