Terra Tech Corp. (OTC:TRTC) has a handful of subsidiary businesses including Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Terra Tech Corp. announced today the company has formed a new advisory board to guide Terra Tech’s long-term growth strategy across the company's various subsidiaries and divisions. In addition to announcing the formation of a new advisory board, the company also announced the appointment of the board's first member.
Terra Tech's Blüm subsidiary has retail and medical cannabis facilities providing high quality medicinal marijuana to patients as well as premium cannabis to the adult-use market in Nevada. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. Edible Garden, cultivates a premier brand of locally grown hydroponic produce, sold through major grocery stores including ShopRite, Walmart, Kroger, Stop & Shop and more. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.
Terra Tech's first appointment to the new advisory board is Mr. Alan Gladstone who will provide strategic guidance to management as the company enters a new growth phase. Gladstone is an industry veteran with decades of entrepreneurial and executive-level experience. He was Founder, Chairman, President and CEO of Anna’s Linens, a specialty retailer of home textiles and home decoration items, from 1987 – 2015. During his tenure at Anna’s Linens, he developed the strategic vision for the company and successfully grew the business to 305 stores in 23 states with over $400 million in annual revenues.
“Alan has an exceptional background with comprehensive retail business experience, having built his own business from ground up into a major national chain. His strategic advice will be invaluable as we manage the rapid growth of our cannabis retail operations and I am delighted to welcome him to the team,” commented Derek Peterson, CEO of Terra Tech Corp.
Peterson, continued, “We formed the Advisory Board to serve as an additional resource to support the expansion of our cannabis business. Over time, we will expand the Advisory Board to include a group of high-level experts with a range of expertise. They will provide advice on several aspects of Terra Tech’s business plan such as marketing, finance, legal and operations and provide high-level reflections and guidance as the business evolves.”