2 million for 2013? GROSS SALES REVENUE???? Guidance for 2014, 10 million GROSS! For a publically traded company? For the WHOLE YEAR? EMBARASSING!....Please tell me someone on this board understands the difference between GROSS sales and GROSS profit, much less NET PROFIT. You guys have to understand how far Gross Sales is on the financial statement from the bottom line!?!? Right? How much net money are they going to lose in 2013? How much money are they going to lose in 2014? How much more money are they going to have to raise [dilute} to keep the doors open? They are growing LETTUCE, LETTUCE, not MJ, ever try smoking LETTUCE? Give me a break. How about looking at the one year chart? What does that tell you? Put the bong down and get a clue.
Terra Tech reports strong sales performance from their Edible Garden subsidiary.
Irvine, Oct. 15, 2013 (GLOBE NEWSWIRE) -- Terra Tech Corp (TRTC), a hydroponic company focused on sustainably grown produce and medical cannabis cultivation technology releases corporate update and revenue guidance of $2,000,000 for the full year 2013.
Sales through Edible Garden and its line of locally grown hydroponic produce, which is distributed throughout the Northeast, have been strong for Terra Tech since the close of the merger in April. Management expects to realize approximately $2 million in revenue for the full year 2013.
Sentiment: Strong Buy
I own shares in this and can't deny this post is spot on. The numbers don't lie, 2 million in total revenue is pathetic. What is the cost of that revenue? I'll eventually sell this at a loss around tax time.
Crow sorry to hear that. Maybe you'll get a pop and you can get out. I would invite you to look at OPK. Google DR. Philip Frost, self made Billionaire, look at what he did with Key pharmacy, then look where he sold IVAX for 7.4 Billion to TEVA. Look at a 5 year chart of OPK. He has over a Billion dollars of his own money invested in open market common stock of OPK. Man puts his money where his mouth is. Up over 100% year to date. Maybe look for a pull back entry point, it's been on a tear lately. Good Luck.
LOL!!! Caught with my pants down???? HA, you better look at the history of my posts here. Then look at the one year chart. Step away from the bong their Tabby. That red in your portfolio is NOT a good thing. On the other hand, look at the chart on OPK, I've been invested there since 2009 and I am making money hand over fist. I sold all my MJ positions at the first of the year to all the novice newbies that are currently holding the bag.