Oakland, March 24, 2014 (GLOBE NEWSWIRE) -- Terra Tech Corp. (TRTC), through their medical cannabis subsidiary GrowOp Technology Ltd, is pleased to announce they are developing a research and industrial extraction facility focused on the medical cannabis market. The facility will be located in Oakland, CA and is being built in response to what the company views as an increase in demand for high grade CBD as well as other botanical extracts. As a first step the company has purchased a custom 20 liter 5,000 PSI supercritical CO2 extractor from Eden Labs.
The extractor is designed for botanical and nutraceutical extractions and will be utilized to extract CBD in an effort to have complete control and consistency as they continue to work with Inergetics in the creation of a CBD-based nutritional supplement. This key piece of equipment utilizes CO2 as a solvent, which is superior because it is non-flammable and non-toxic mitigating negative environmental impacts as well as several safety concerns that have been associated with butane extraction. This process allows for the selective extraction of compounds from a variety of botanicals, which possess potent antioxidant as well as neuroprotectant properties.
"Consumers are becoming more educated about safety and quality as the legal medical cannabis market spreads throughout the US," explains Derek Peterson, CEO of Terra Tech Corp. "Patients deserve access to products that are both effective and free from harmful residues. Our intention once we complete our top of the line facility is to partner with a permitted California based medical cannabis dispensary where we can pair their expertise with our equipment and technology to synthesize and create some amazing products."
Looking forward, Terra Tech Corp sees significant shareholder value in researching various methods of extraction as well as protecting those proprietary findings through process patents. Terra Tech's recent investments in the construction of a fully functional, industrial production and research facility will be the company's first endeavor into commercially sustainable botanical extraction. These product lines are to include compound profiles and ratios, tailored to the ever-expanding demands in the marketplace.
About Terra Tech
Terra Tech Corp. (TRTC) through its wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. Our complete product line is available at specialty retailers throughout the United States, and via our website. Through its wholly-owned subsidiary Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as Shoprite, Food Emporium and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, and Pennsylvania.
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Cautionary Language Concerning Forward-Looking Statements
Statements in this press release 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 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 Terra Tech Corp.'s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) 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 this release. Information on Terra Tech Corp.'s website does not constitute a part of this release.
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Source:Terra Tech Corp.