Las Vegas, Oct. 1, 2014 (GLOBE NEWSWIRE) -- Terra Tech Corp (TRTC), is pleased to announce that they have received a unanimous vote for approval of their Western Avenue dispensary location by the City of Las Vegas Planning Commission. Appearing before the commission was the last step in the process before the city council votes on whether to approve both the special use permit for land use and compliance permit for business licensing. With unanimous approval of both the design review committee and planning commission, MediFarm is now seeking final approval by the city council on October 29th. All permits to operate are pending final state approval.
"We are extremely proud of the work our design and planning team has submitted. Nevada has been a very challenging and competitive environment, one that helped us refine our application process significantly. We feel this was a great learning process before entering the New York and Florida markets," explains Terra Tech CEO Derek Peterson.
The proposed facility is approximately one mile off of the strip on Western Avenue near Wyoming Avenue. The potential dispensary is also located in close proximity to complimentary medical facilities with easy access to residential communities. The team has completed and submitted their state application associated with this property and the company expects to obtain the results of the application process from state officials sometime in early November. MediFarm has eight pending applications statewide. Terra Tech intends to give further updates about their efforts throughout Nevada as they progress through the application processes and reach certain milestones.
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. MediFarm LLC is focused on securing permits to operate medical cannabis businesses in Nevada.
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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.