Great News TRTC Received $ 5 Mn Credit-Line !!
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Bio·Vegetable & Marijuana & Green Tech - Terra Tech Corp - USA
( Also Medical )
The $ 5 Mn Line of Credit is Great News !
The look to expand:
http://www.sec.gov/Archives/edgar/data/145151...tek_s1.htm
We intend to continue to add SKU’s as well as sales force to service the blossoming hydroponic retail market. Our intention is to replicate the 12,000 square foot facility we operate out of Oakland, California in other prime markets including Colorado and Michigan. We are budgeting for warehouse space, management as well other general labor to operate these additional facilities.
( $ 5 Mn Line of Credit and conversion of past Senior Convertibles which
already existed is the way to see it. )
The Purchase Agreement with Hanover Holdings provides that Hanover Holdings
is committed to purchase up to $5,000,000 of our common stock. We may
draw on the facility from time to time, as and when we determine appropriate
in accordance with the terms and conditions of the Purchase Agreement.
13,211,144 of shares of common stock issue-able upon the conversion of
outstanding 6% Senior Secured Convertible Debentures in the principal
amount of $1,275,000.
Happy TRTC Investing !
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