Terra Tech Corp completes Edible Garden acquisition

May 1, 2013
Terra Tech Corporation has completed its acquisition of Edible Garden and its line of locally grown hydroponic produce.

Terra Tech Corporation (OTCBB: TRTC), provider of sustainable agricultural products, has completed its acquisition of Edible Garden and its line of locally grown hydroponic produce, which is distributed throughout the Northeast.

Edible Garden has rapidly expanded its product availability from about 100 retail stores to covering close to 400 retailers throughout New Jersey, Connecticut, Delaware, Maryland, New York, and Pennsylvania in less than a year. This expansion has been due to consumers demanding fresher produce grown locally using environmentally sustainable methods.

Cost of acquisition was 1,250,000 shares of common stock.

Terra Tech has begun its regional expansion plan by purchasing and planning construction of an additional five acres of greenhouse on the Belvidere property. This facility will be solely dedicated to producing the full line of Edible Garden products for sale throughout their local market. At full capacity and at current prices, this facility can produce close to $10 million in sales annually for Terra Tech. The company anticipates having this facility completed by year-end.

For more information, go to www.terratechcorp.com.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...