Company did what it said it would do, $600 to $800 revenue for the quarter. Let's see what they get next quarter.
Terra Tech Corp (OTCBB: TRTC), a leader in sustainable
agricultural products, is pleased to announce it has signed a distribution deal
with Florida based Palm Creek Produce, a hydroponic greenhouse grower of
specialty plants. Palm Creeks 1.25 acre facility is capable of producing up to
10,000 units of produce per week. The company anticipates this contract to be
worth close to $800,000 per year in top line revenue. Under the terms of the
deal Edible Garden will have first right to purchase Palm Creeks entire crop of
hydroponic produce throughout the year. Edible Garden will work in conjunction
with the farm to cultivate and market Edible Gardens line of locally grown
sustainable produce throughout the South West Florida market. Edible Garden will
bear no costs, risks or labor associated with the cultivation of the products.
The company will receive 15% of the selling price of all products sold.