TERRA TECH CORP. (OTCMKTS:TRTC) Files An 8-K Other Events

TERRA TECH CORP. (OTCMKTS:TRTC) Files An 8-K Other Events
Item 8.01 Other Events.

Story continues below

On September 15, 2017, through our wholly-owned subsidiary, IVXX, Inc., we filed a lawsuit against Callow Distribution, LLC, a California limited liability company controlled by David Weidenbach. The complaint was >IVXX, Inc., a California corporation, Plaintiff, v. Callow Distribution, LLC, a California limited liability company; and DOES 1 to 20, inclusive, Defendants, Superior Court of the State of California, County of Orange, Case No. 30-2017-00944082-CU-BC-CJC. In the Complaint for Breach of Contract, Conversion, and Injunctive Relief, we requested that the Court award to us, among other things, damages according to proof, attorneys’ fees, and costs of suit.

On September, 24, 2018, we appeared for the regularly scheduled trial, but the Court did not have a courtroom available during that week nor during the week of October 9, 2018, which was the week to which the judge continued the trial. Accordingly, the Court again continued the trial, this time to December 3, 2018.

On December 3, 2018, we appeared for trial and the Court was available to hear us. We provided sufficient evidence to the Court to prove our case in full to its satisfaction. The judge ruled from the bench in our favor. We then prepared the form of Judgment, which the Court entered on December 10, 2018, and made publicly available on December 13, 2018.

The judgment in our favor and against Callow Distribution, LLC is in the amount of $949,979.94. We intend to pursue our post-judgment, collection rights vigorously, although there is no assurance as to the timing of collection and the amount that we will collect.

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.

An ad to help with our costs