TERRA TECH CEO NOTE TO SHAREHOLDERS FOLLOWING STAR
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Posted On: 07/06/2017 10:01:57 AM
TERRA TECH CEO NOTE TO SHAREHOLDERS FOLLOWING START OF ADULT USE CANNABIS SALES IN NEVADA:
As most of you know adult use cannabis became legal to sell in Nevada on July 1st and team Terra Tech killed it! The sales surpassed any of our expectations. To put it in perspective; in 2011 our company's total revenue was about $500,000. On July 1st through our 4 retail facilities in Nevada and our continued strong performance in Oakland we did about half what we did in all of 2011 in a single day! That doesn't happen without an amazing team at Blum, and strong back office, and obviously a ton of work. Nevada will be one of the major growth drivers for the company in the coming years and we are fortunate to have this opportunity because of the countless hours we've spent on securing these permits, building the facilities and most importantly training and developing our staff who executed with perfection. Also thank you to our shareholders who have stood by us over the last few years, it's always tough to be patient when in the building phase but now we begin to harvest the fruits of the work we have done. We look forward to an exciting second half to 2017!
Derek Peterson
CEO
As most of you know adult use cannabis became legal to sell in Nevada on July 1st and team Terra Tech killed it! The sales surpassed any of our expectations. To put it in perspective; in 2011 our company's total revenue was about $500,000. On July 1st through our 4 retail facilities in Nevada and our continued strong performance in Oakland we did about half what we did in all of 2011 in a single day! That doesn't happen without an amazing team at Blum, and strong back office, and obviously a ton of work. Nevada will be one of the major growth drivers for the company in the coming years and we are fortunate to have this opportunity because of the countless hours we've spent on securing these permits, building the facilities and most importantly training and developing our staff who executed with perfection. Also thank you to our shareholders who have stood by us over the last few years, it's always tough to be patient when in the building phase but now we begin to harvest the fruits of the work we have done. We look forward to an exciting second half to 2017!
Derek Peterson
CEO
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