Terra Tech Corp expands retail dispensary operations into Santa Ana
Terra Tech announced that it has expanded its retail operations into Southern California through the acquisition of 100% of the assets of Tech Center Drive Management. Tech Center Drive operates The Reserve OC medical cannabis dispensary at 2911 South Tech Center Drive Santa Ana, CA 92705. Under the terms of transaction, Terra Tech has the right to operate the dispensary, and to consolidate 100% of Tech Center Drive's financial results into the Company's financial results. In addition, upon receiving regulatory approval from the city of Santa Ana, Terra Tech has the option to acquire the cannabis retail permit associated with the dispensary for no additional consideration.