TERRA TECH CORP. (OTCMKTS:TRTC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On June 1, 2017, each of Michael Vande Vrede, Steven Vande Vrede
and Amy Almsteier notified the Board of Directors (the Board) of
Terra Tech Corp. (the Company) that they have each resigned as a
member of the Board, effective immediately. Such resignations
were not the result of a disagreement with the Company on any
matter relating to the Companys operations, policies or
practices.
Item 7.01 Regulation FD Disclosure.
On June 6, 2017, the Company issued a press release announcing
that Michael Vande Vrede, Steven Vande Vrede and Amy Almsteier,
one of the original co-founders of the Company, have each
resigned from the Board, effective June 1, 2017. A copy of the
press release is attached hereto as Exhibit99.1 and is
incorporated herein by reference.
The information contained in this Item 7.01, and in Exhibit 99.1,
referenced herein is being furnished and shall not be deemed
“filed” for the purposes of Section 18 of the Securities
Exchange Act or incorporated by reference in any filing under the
Securities Act, unless the Company expressly so incorporates such
information by reference.
Forward-looking Statements
Statements in Exhibit 99.1 to this Current Report on Form 8-K may
be “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Words such as
“anticipate”, “believe”, “estimate”, “expect”, “intend”
and similar expressions, as they relate to Terra Tech Corp. (the
“Company”) or its management, identify forward-looking
statements. These statements are based on current expectations,
estimates and projections about the Company’s business based, in
part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially
from what is expressed or forecasted in such forward-looking
statements due to numerous factors, including those described
above and those risks discussed from time to time in the
Company’s filings with the Securities and Exchange Commission.
In addition, such statements could be affected by risks and
uncertainties related to: (i) our ability to integrate Black Oak
Gallery, a California corporation, into the Company’s
operations, (ii) product demand, market, and customer acceptance
of the Company’s products, (iii) the Company’s ability to
obtain financing to expand our operations, (iv) the Company’s
ability to attract qualified sales representatives, (v)
competition, pricing and development difficulties, (vi) the
Company’s ability to conduct the business of IVXX, Inc., the
contemplated businesses of MediFarm, LLC, MediFarm I, LLC, and
MediFarm II, LLC, if there are changes in laws, regulations, or
government policies related to cannabis, (vii) the Company’s
ability to conduct operations if disease, insects, or mites
affect Edible Garden Corp.’s produce, herbs, and floral
products, and (viii) general industry and market conditions and
growth rates and general economic conditions. Any forward-looking
statements speak only as of the date on which they are made, and
the Company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances
after the date of Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
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Exhibit |
Description |
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99.1 |
Press Release, dated June 6, 2017 |
About TERRA TECH CORP. (OTCMKTS:TRTC)
Terra Tech Corp. is a cannabis-focused agriculture company. The Company operates through two segments: Hydroponic Produce and Cannabis Products. The Company, through its subsidiary, GrowOp Technology Ltd., is engaged in the design, marketing and sale of hydroponic equipment. It is also a retail seller of locally grown hydroponic produce, herbs, and floral products through its subsidiary, Edible Garden Corp. (Edible Garden). It intends to operate medical marijuana cultivation, production and dispensary facilities in Nevada through its subsidiaries, MediFarm, LLC (MediFarm), MediFarm I, LLC (MediFarm I) and MediFarm II, LLC (MediFarm II). Through its subsidiary, IVXX, Inc. (IVXX), it produces and sells a line of cannabis flowers and cigarettes, among others. The hydroponic produce segment consists of Edible Garden’s business and operations. Its cannabis products segment consists of IVXX’s business, as well as the proposed business operations of MediFarm, MediFarm I and MediFarm II.