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Terra Tech Corp. Message Board

  • ragingbullblood ragingbullblood Aug 19, 2013 5:35 PM Flag

    10-Q printed

    Earnings????? Looks like to me what we have here is a gardening supply company that is burning thru cash and losing money that just printed another statement awash in red ink.

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    • 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.

 
TRTC
0.635-0.028(-4.22%)3:59 PMEDT

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