Small Cap Voice

Nightfood CEO Sean Folkson called in to SmallCapVoice.com, Inc. to discuss the big announcement regarding the brand partnership with rock star Michael Clifford, lead guitarist of the multi-platinum, award winning band, 5 Seconds of Summer. As part of the partnership, Nightfood (OTCQB: NGTF) is developing a custom flavor for the chocolate-loving Clifford and how they are already working on a similar custom-flavor deal with another major celebrity. In the interview Folkson talks about the drivers behind the Company’s ongoing, highly successful national rollout of its award winning ice cream, the recent news, and much more. Nightfood has now successfully secured distribution in four of the top fifty supermarket chains in the United States within six months of manufacturing their first pint of ice cream. Management is projecting profitability and revenues greater than $3 million in the fourth quarter of 2019.

This interview may include forward looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. SmallCapVoice.com, Inc. received $875 from the company on 5-31-18 for 30 days of service. SmallCapVoice.com, Inc. received $2,500 from the company on 8-10-18 for 30 days of service. SmallCapVoice.com, Inc. received $2,500 from the company on 9-10-18 for 30 days of service. SmallCapVoice.com, Inc. received $2,500 from the company on 10-10-18 for 30 days of service. Beginning on 11-10-18 will receive $2,500 from the company monthly for 30 days of service on a month to month basis.

VTXB CEO Todd Higley called in to SmallCapVoice.com to add details to the Company’s recent news regarding its pilot program in Detroit Michigan, its ongoing negotiations with a joint venture partner, and the addition of a well-respected board member with experience in the specific markets for Vortex Brand’s Phase Angle Synchronization (PAS). Higley also sheds light on potential new markets and revenue streams created by operating in the government sector, specifically with the Department of Defense.

Vortex Brands Co., under the dba Vortex Green Energy will provide as a service multipurpose Phase Angle Synchronization (PAS) equipment to electric utilities nationwide. PAS is a one-of-a-kind technology designed to address a one-hundred-year-old inherent problem that was thought to be unsolvable: the inefficient power consumption caused by electric motors. Improving consumption efficiency will extend the life of the grid by protecting it from excessive wear and damage, improve grid reliability by reducing line congestion and increasing reserve margin, while creating true cost savings for the utility at no cost for the equipment. Instead, revenue is generated under a Share-of-Savings business model wherein the utility shares the savings with Vortex created by the PAS service on a monthly basis. PAS is designed to address industrial and commercial use applications in a scalable solution where the majority of wasted electricity occurs, and the largest opportunity exists. Clients of the utility benefit from progressing toward carbon footprint reduction goals without the capital expense or investing in any new equipment. Operations initially are focused in California before expanding nationwide. For more information visit: http://vortexgreenenergy.com/video

This interview may include forward looking statements. These forward-looking statements generally are identified by the words "believe," "project," "estimate," "become," "plan," "will," and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. SmallCapVoice.com, Inc. received $6,000 from the company on 4-3-19 for 30 days of service.

VTXB CEO Todd Higley called in to SmallCapVoice.com to add details to the Company’s recent news regarding its pilot program in Detroit Michigan, its ongoing negotiations with a joint venture partner, and the addition of a well-respected board member with experience in the specific markets for Vortex Brand’s Phase Angle Synchronization (PAS). Higley also sheds light on potential new markets and revenue streams created by operating in the government sector, specifically with the Department of Defense.

Vortex Brands Co., under the dba Vortex Green Energy will provide as a service multipurpose Phase Angle Synchronization (PAS) equipment to electric utilities nationwide. PAS is a one-of-a-kind technology designed to address a one-hundred-year-old inherent problem that was thought to be unsolvable: the inefficient power consumption caused by electric motors. Improving consumption efficiency will extend the life of the grid by protecting it from excessive wear and damage, improve grid reliability by reducing line congestion and increasing reserve margin, while creating true cost savings for the utility at no cost for the equipment. Instead, revenue is generated under a Share-of-Savings business model wherein the utility shares the savings with Vortex created by the PAS service on a monthly basis. PAS is designed to address industrial and commercial use applications in a scalable solution where the majority of wasted electricity occurs, and the largest opportunity exists. Clients of the utility benefit from progressing toward carbon footprint reduction goals without the capital expense or investing in any new equipment. Operations initially are focused in California before expanding nationwide. For more information visit: http://vortexgreenenergy.com/video

This interview may include forward looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this release. Although the Company believes that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. SmallCapVoice.com, Inc. received $6,000 from the company on 4-3-19 for 30 days of service.

Nightfood Investor Call Recap: National Roll-out on Track, Profitability Projected for 2019 Q4, Dairy-Free and CBD Ice Cream in the Works

Tarrytown, NY, May 29, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Nightfood, Inc. (OTCQB: NGTF), the innovative ice cream company solving America’s $50 billion-dollar nighttime snacking problem, conducted a quarterly investor conference call yesterday, May 28, 2019.

On the call, Nightfood CEO Sean Folkson answered questions from Company shareholders and other interested parties.

Investor questions covered topics including initial sales velocity and the national rollout of Nightfood ice cream, the Nightfood influencer program, growth financing, the ice cream competitive landscape, company profitability targets, the research & development pipeline, and MJ Munchies and the Half-Baked brand of cannabis edibles.

When asked about distribution targets, Folkson commented “We are very much on track for our distribution goals. In fact, we project month over month revenue growth that will have us doing our first million dollar quarter this year, and also, I believe, our first three million dollar quarter this year, 2019.”

It was also revealed on the call that Management projects reaching profitability in the second half of 2019.

Folkson revealed that the Company is exploring CBD ice cream products, as well as adding additional flavors of the current Nightfood ice cream line, and plant-based non-dairy frozen dessert options. The timeline for release of any CBD products will depend on FDA regulation, but the additional flavors and non-dairy options are expected to be available later this year.

Responding to a question about Nightfood’s financing strategy, Folkson alluded to the possibility of an uplist to a major exchange such as the NASDAQ or the NYSE in conjunction with an equity capital raise. He stated, “Since an uplist is certainly in play if we execute over the next couple of quarters, the kind of equity cash infusion that comes with an uplist, that can also provide us, along with cash flow, with all the capital we need to successfully continue the national rollout.”

Within four months of manufacture of the first pint of Nightfood ice cream, the product was available in three of the top-50 supermarket chains in the United States. Management has publicly stated their goal to have secured distribution for Nightfood in 10,000 points of distribution by March 31, 2020.

A replay of the Nightfood Holdings May 28, 2019 Investor Call is now available at SmallCapVoice.com

About Nightfood Holdings:

Nightfood Holdings, Inc. (OTC: NGTF), owns Nightfood, Inc. and MJ Munchies, Inc.

On Feb 8, 2019, it was announced that Nightfood ice cream won the 2019 Product of the Year award in the ice cream category in a Kantar survey of over 40,000 consumers.

With the overwhelming majority of at-home ice cream consumption occurring in the hours before bed, Nightfood’s sleep-friendly nighttime ice cream, formulated by sleep and nutrition experts, delivers benefits found in no other product on the market.

Market research giant Mintel identified nighttime specific food and beverages as one of their most “compelling and category changing” trends for the coming years

Nightfood ice cream is rolling out nationally and has recently announced distribution in the popular Meijer supermarket chain throughout the Midwest, with concentration in the metropolitan areas of Chicago, Detroit, Indianapolis, Columbus, and Milwaukee, as well as Lowes Foods, with 78 stores in the Carolinas and Virginia.

To enter the Nightfood® Ice Cream Giveaway, where the Company is giving away a one-year supply of Nightfood ice cream, plus a brand-new freezer to store it in, visit http://nightfood.com

MJ Munchies, Inc. was formed in 2018 as a new, wholly owned subsidiary of Nightfood Holdings, Inc. to capitalize on legally compliant opportunities in the CBD and marijuana edibles and related spaces. The Company intends to market some of these new products under the brand name “Half-Baked”, for which they’ve successfully secured trademark rights.

For more information, visit http://ir.Nightfood.com and http://Nightfood.com

Questions can be directed to [email protected]

Forward Looking Statements:

This current press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any products sold or cash flow from operations.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with distribution and difficulties associated with obtaining financing on acceptable terms. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Media Contact:

Tim Sullivan

[email protected]

732-816-0239

Investor Contact:

Stuart Smith

[email protected]

888-888-6444, x3

Nightfood Investor Call Recap: National Roll-out on Track, Profitability Projected for 2019 Q4, Dairy-Free and CBD Ice Cream in the Works

Tarrytown, NY, May 29, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Nightfood, Inc. (OTCQB: NGTF), the innovative ice cream company solving America’s $50 billion-dollar nighttime snacking problem, conducted a quarterly investor conference call yesterday, May 28, 2019.

On the call, Nightfood CEO Sean Folkson answered questions from Company shareholders and other interested parties.

Investor questions covered topics including initial sales velocity and the national rollout of Nightfood ice cream, the Nightfood influencer program, growth financing, the ice cream competitive landscape, company profitability targets, the research & development pipeline, and MJ Munchies and the Half-Baked brand of cannabis edibles.

When asked about distribution targets, Folkson commented “We are very much on track for our distribution goals. In fact, we project month over month revenue growth that will have us doing our first million dollar quarter this year, and also, I believe, our first three million dollar quarter this year, 2019.”

It was also revealed on the call that Management projects reaching profitability in the second half of 2019.

Folkson revealed that the Company is exploring CBD ice cream products, as well as adding additional flavors of the current Nightfood ice cream line, and plant-based non-dairy frozen dessert options. The timeline for release of any CBD products will depend on FDA regulation, but the additional flavors and non-dairy options are expected to be available later this year.

Responding to a question about Nightfood’s financing strategy, Folkson alluded to the possibility of an uplist to a major exchange such as the NASDAQ or the NYSE in conjunction with an equity capital raise. He stated, “Since an uplist is certainly in play if we execute over the next couple of quarters, the kind of equity cash infusion that comes with an uplist, that can also provide us, along with cash flow, with all the capital we need to successfully continue the national rollout.”

Within four months of manufacture of the first pint of Nightfood ice cream, the product was available in three of the top-50 supermarket chains in the United States. Management has publicly stated their goal to have secured distribution for Nightfood in 10,000 points of distribution by March 31, 2020.

A replay of the Nightfood Holdings May 28, 2019 Investor Call is now available at SmallCapVoice.com

About Nightfood Holdings:

Nightfood Holdings, Inc. (OTC: NGTF), owns Nightfood, Inc. and MJ Munchies, Inc.

On Feb 8, 2019, it was announced that Nightfood ice cream won the 2019 Product of the Year award in the ice cream category in a Kantar survey of over 40,000 consumers.

With the overwhelming majority of at-home ice cream consumption occurring in the hours before bed, Nightfood’s sleep-friendly nighttime ice cream, formulated by sleep and nutrition experts, delivers benefits found in no other product on the market.

Market research giant Mintel identified nighttime specific food and beverages as one of their most “compelling and category changing” trends for the coming years

Nightfood ice cream is rolling out nationally and has recently announced distribution in the popular Meijer supermarket chain throughout the Midwest, with concentration in the metropolitan areas of Chicago, Detroit, Indianapolis, Columbus, and Milwaukee, as well as Lowes Foods, with 78 stores in the Carolinas and Virginia.

To enter the Nightfood® Ice Cream Giveaway, where the Company is giving away a one-year supply of Nightfood ice cream, plus a brand-new freezer to store it in,

Tarrytown, NY, May 23, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Nightfood, Inc. (OTCQB: NGTF), the innovative ice cream company solving America’s $50 billion-dollar nighttime snacking problem, announced today that distribution of Nightfood nighttime ice cream began recently in Woodman’s Markets stores in Wisconsin and Illinois.

Woodman’s joins the Meijer chain in the midwest and Lowes Foods in the Carolinas as the third Progressive Grocer magazine Top-50 US supermarket chain to carry Nightfood.

Woodman’s, founded in 1919 and celebrating their 100th anniversary this year, operates 17 ultra-high volume stores and has an eighteenth scheduled to open in the fall. According to Progressive Grocer magazine, “the voice of the retail food industry since 1922”, each Woodman’s location averages 2-3 times the revenue of most of the other chains on their top-50 list.

“We’re thrilled to have Nightfood available at Woodman’s,” commented Sean Folkson, Nightfood CEO. “This is a legendary chain that sees a ton of foot-traffic, and we think it’s just a perfect fit. Most of the other major chains have a more structured review and reset calendar, which means a longer process to get on shelf. We’re in four Woodman’s locations to date, one was added last week, and we expect more to be added as the days go by.”

Management decided to make this announcement at this time because a consumer had recently posted pictures of Nightfood in Woodman’s freezers on Facebook. There was speculation among investors as to which new chain had added the product and the Company wanted to be sure all investors had access to the same information.

In addition to the Woodman’s announcement, the Company has scheduled an investor conference call for Tuesday, May 28, 2019, at 4:30 PM eastern.

Investors and other interested parties are invited to submit questions for the Company by E-mail to [email protected]. To be considered for the call, questions must be received by 12PM eastern on Friday, May 24, 2019.

Stuart Smith, of SmallCapVoice.com, will compile a list of questions and submit them to the Company prior to the conference call. Which questions will be addressed will be based on relevance to the overall shareholder base and Management’s ability to sufficiently address the question in light of public disclosure rules.

To access the call:

Dial-In Number: 1-857-232-0157

Access Code: 422095

For those unable to participate in the conference call at that time, a replay will be available at SmallCapVoice.com shortly after the call has concluded.

About Nightfood Holdings:

Nightfood Holdings, Inc. (OTC: NGTF), owns Nightfood, Inc. and MJ Munchies, Inc.

On Feb 8, 2019, it was announced that Nightfood ice cream won the 2019 Product of the Year award in the ice cream category in a Kantar survey of over 40,000 consumers.

With the overwhelming majority of at-home ice cream consumption occurring in the hours before bed, Nightfood’s sleep-friendly nighttime ice cream, formulated by sleep and nutrition experts, delivers benefits found in no other product on the market.

Market research giant Mintel identified nighttime specific food and beverages as one of their most “compelling and category changing” trends for the coming years

Nightfood ice cream is rolling out nationally and has recently announced distribution in the popular Meijer supermarket chain throughout the Midwest, with concentration in the metropolitan areas of Chicago, Detroit, Indianapolis, Columbus, and Milwaukee, as well as Lowes Foods, with 78 stores in the Carolinas and Virginia.

To enter the Nightfood® Ice Cream Giveaway, where the Company is giving away a one-year supply of Nightfood ice cream,

MIAMI, May 16, 2019 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today issued 1st Quarter 2019 Quarterly Report Conference Call highlights.

The Company announced nearly $5.2 million in net revenues, a 3% increase over 2018. Revenues net nearly $275,000 in PBM fees charged during the quarter, which is an 89% increase over 2018. Prescriptions filled increased 28% to 84,500 during 1st quarter 2019. The company also filled over $1.9 million worth of prescriptions (Not Included in Net Revenues) for 340B entities during the quarter, generating fees to the pharmacy of approximately $115,000 which is a 91% increase over the same period last year. The Company reported a net loss of approximately $750,000, which included nearly $300,000 of non-cash interest on notes payable and depreciation, $125,000 in increased PBM fees, inclusion of $120,000 of net losses from PharmCo 1002, and decreased gross margins on prescription services to 20%.

The Company updated the shareholders that the advanced notification period to Medicaid has elapsed as of May 12, 2019. The acquisition is on track for a hard close on June 1st, 2019 at which point FPRX, with its 2 cash flow positive Florida locations, will consolidate in the Company financial results which is projected to bring the Company to over $30 million in annual revenues for fiscal year 2019, add approximately $250,000 in net earnings, and 50 new employees under the Progressive Care umbrella. The Company will conduct an audited inventory count on the date of closing and begin releasing funds on June 3rd, 2019.

The Company announced plans to market current CBD brands and leverage the cash buying customer base to fortify against insurance rate compression and increase profitability. The Company is continuing to proceed on plans to produce an exclusive line of products that incorporates the Company’s brand and mission to further develop its core market base and healthcare capabilities.

“2019 is moving at an unprecedented pace,” said S. Parikh Mars, CEO of Progressive Care. “In a few short weeks, Progressive Care will double in size in almost every measurable way. We will not only be gaining sales, locations, or economies, but a wealth of talent that includes expertise in pharmaceutical logistics, operational management, and clinical awareness. We look forward to learning from this impressive group of individuals and believe that the combination of our two organizations will produce an unstoppable force.”

For more information about Progressive Care, please visit the company’s website.

Connect and stay in touch with us on social media:

Progressive Care Inc.

https://www.facebook.com/ProgressiveCareUS/

https://twitter.com/ProgressCareUS

PharmCo, LLC

https://www.facebook.com/pharmcorx/

https://twitter.com/PharmCoRx

About Progressive Care Inc.

Progressive Care Inc. (OTCQB: RXMD), through its PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM), the supply of prescription medications to long-term care facilities, and health practice risk management.

Cautionary Statement Regarding Forward-Looking Statements

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance, and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target,” “intend” and “expect” and similar expressions, as they relate to Progressive Care Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

Investor Relations Contact:

Armen Karapetyan, Progressive Care

Senior Advisor Business Development

www.progressivecareus.com

www.pharmcopharmacy.com

Public Relations Contact:

Kathleen Gonzales, CMW Media

www.cmwmedia.com

Web and Application Development Contact:

Marcello Jaspan, Mass Ventures Corp

www.massventurescorp.com

MIAMI, May 16, 2019 (GLOBE NEWSWIRE) — Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today issued 1st Quarter 2019 Quarterly Report Conference Call highlights.

The Company announced nearly $5.2 million in net revenues, a 3% increase over 2018. Revenues net nearly $275,000 in PBM fees charged during the quarter, which is an 89% increase over 2018. Prescriptions filled increased 28% to 84,500 during 1st quarter 2019. The company also filled over $1.9 million worth of prescriptions (Not Included in Net Revenues) for 340B entities during the quarter, generating fees to the pharmacy of approximately $115,000 which is a 91% increase over the same period last year. The Company reported a net loss of approximately $750,000, which included nearly $300,000 of non-cash interest on notes payable and depreciation, $125,000 in increased PBM fees, inclusion of $120,000 of net losses from PharmCo 1002, and decreased gross margins on prescription services to 20%.

The Company updated the shareholders that the advanced notification period to Medicaid has elapsed as of May 12, 2019. The acquisition is on track for a hard close on June 1st, 2019 at which point FPRX, with its 2 cash flow positive Florida locations, will consolidate in the Company financial results which is projected to bring the Company to over $30 million in annual revenues for fiscal year 2019, add approximately $250,000 in net earnings, and 50 new employees under the Progressive Care umbrella. The Company will conduct an audited inventory count on the date of closing and begin releasing funds on June 3rd, 2019.

The Company announced plans to market current CBD brands and leverage the cash buying customer base to fortify against insurance rate compression and increase profitability. The Company is continuing to proceed on plans to produce an exclusive line of products that incorporates the Company’s brand and mission to further develop its core market base and healthcare capabilities.

“2019 is moving at an unprecedented pace,” said S. Parikh Mars, CEO of Progressive Care. “In a few short weeks, Progressive Care will double in size in almost every measurable way. We will not only be gaining sales, locations, or economies, but a wealth of talent that includes expertise in pharmaceutical logistics, operational management, and clinical awareness. We look forward to learning from this impressive group of individuals and believe that the combination of our two organizations will produce an unstoppable force.”

For more information about Progressive Care, please visit the company’s website.

Connect and stay in touch with us on social media:

Progressive Care Inc.

https://www.facebook.com/ProgressiveCareUS/

https://twitter.com/ProgressCareUS

PharmCo, LLC

https://www.facebook.com/pharmcorx/

https://twitter.com/PharmCoRx

About Progressive Care Inc.

Progressive Care Inc. (OTCQB: RXMD), through its PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (MTM),

IRVINE, CA / ACCESSWIRE / May 9, 2019 / Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech" or the "Company"), a vertically integrated cannabis-focused agriculture company, today announced its financial results for the period ended March 31, 2019.

Derek Peterson, Chief Executive Officer of Terra Tech, commented, "In the first quarter of 2019 we made meaningful headway both implementing our restructuring strategy and further entrenching ourselves in the California market. All material construction at the Hegenberger cultivation facility in Oakland is complete, and we anticipate it being fully operational upon receipt of licensing approval from the State. This will enable us to ramp production of our IVXX™ premium wholesale cannabis brand in California."

"We also opened our newest Blüm dispensary in San Leandro, California, a prominent suburb city of San Francisco and Oakland. In the short time since opening, the dispensary has generated consistent medical foot traffic and we expect sales at this location to continue to grow throughout the year, driven by the start of sales to adult users as of May 2019, and increased brand recognition in the area. Moreover, we are working on several growth initiatives that are expected to generate new sources of revenue for the Company, including opening a vertically integrated cannabis complex to host large-scale, cannabis themed events at our East Dyer Road location later this year," continued Mr. Peterson.

"Terra Tech is engaged in a fundamental restructuring to improve profitability and build value for our shareholders. Following a comprehensive review of the Company's assets and their respective performance, we are pursuing a strategy to redeploy certain assets in strategic locations where we believe they have the potential to produce greater returns. To advance this strategy, we have entered into an asset purchase agreement with Picksy LLC, a Nevada limited liability company to sell our Desert Inn Road retail dispensary for $10 million. This strategy is expected to build a stronger, more efficient business based around premium quality, recognizable brands. We are pleased with our progress working toward these strategic objectives," concluded Mr. Peterson.

Financial Update

For the period ending March 31, 2019, the Company generated revenues of approximately $7.4 million, compared to approximately $8.6 million for the first quarter ending March 31, 2018, a decrease of approximately $1.3 million. The decrease was primarily due to the significant level of taxes that the State of California placed on cannabis sales which depressed the overall legal cannabis market.

Gross margin for the period ending March 31, 2019 was approximately 54.4%, compared to approximately 36.2% for the first quarter ending March 31, 2018. The increase in Gross Margin was primarily due to operational improvements across both the cannabis segment and herbs and produce segment. 

Selling, general and administrative expenses for the period ending March 31, 2019 were approximately $11.5 million, compared to approximately $10.3 million for the first quarter ending March 31, 2018. 

The Company reported a Gain on Interest in Joint Venture of $5.6 million for the period ending March 31, 2019, as a result of its decision to restate its agreements with NuLeaf Sparks Cultivation, LLC and NuLeaf Reno Production, LLC.

The net loss attributable to Terra Tech for the period ending March 31, 2019 was approximately $(5.1 million) or $(0.05) per share compared to a loss of approximately $(12.2 million) or $(0.19) per share for the first quarter endin March 31, 2018. 

The Company had $5.81 million in cash as of March 31, 2019, compared with $7.19 million as of December 31, 2018.

Stockholders' equity for the period ending March 31, 2019 amounted to approximately $115.45 million, an increase of approximately $20.6 million compared to approximately $94.9 million as of December 31, 2018. 

The Company had no short-term debt as of March 31, 2019. Long term liabilities were $20.8 million as of March 31, 2019, compared with $18.3 million as of December 31, 2018.

Business Update

California:

Oakland: The Company's Blüm Oakland dispensary continued to focus on the adult use market, however sales were impacted by higher California state excise tax rates. To prepare for a ramp in demand as a result of the legalization of adult-use cannabis, Terra Tech continued constructing a 13,000 square foot cultivation facility in Hegenberger, Oakland which has the capacity to produce up to one metric ton, or 2,000 pounds, of cannabis per year. The Company has completed all material construction at this facility and it is expected to be fully operational upon receipt of State licensing.

San Leandro: Terra Tech's San Leandro Blüm dispensary opened in January 2019, making history as the first medical dispensary to open its doors in San Leandro. Subsequent to the end of the first quarter, in May 2019, Blüm San Leandro commenced sales to the adult use market after receiving City and State approval.

Santa Ana: The Company advanced its plans to open a vertically integrated cannabis complex to host large-scale, cannabis themed events at its East Dyer Road location.

Nevada:

Las Vegas: Entered into an asset purchase agreement with Picksy LLC, a Nevada limited liability company to sell its Blüm Desert Inn dispensary for $10 million. Selling this Nevada asset is aligned with the Company's strategy to leverage its balance sheet to fuel growth by strategically redeploying assets to maximize its return on investment.

In February 2019, the Company amended and restated its agreements with NuLeaf. As the primary beneficiary of NuLeaf Sparks Cultivation, LLC and NuLeaf Reno Production, LLC, the Company consolidates the accounts and operations of these entities beginning March 1, 2019. The Company remeasured its equity method investment in NuLeaf to estimated fair value, which resulted in a non-cash gain of $5.60 million that was recorded in operating income; recognized redeemable noncontrolling interest for NuLeaf, Inc.'s interest in NuLeaf at an estimated fair value of $13.20 million; and recognized $12.08 million of net assets, including cash acquired, at fair value. As part of the purchase price allocation, the Company recorded $0.80 million of goodwill, primarily related to the value of the existing workforce, and $8.00 million of intangible assets, primarily related to licenses with a weighted-average life of 10 years. The measurement period is expected to be closed in the second quarter of 2019.

Reno: The Company entered into an agreement to acquire the remainder of the interest in the Blüm Reno dispensary and the building where the facility is located from Forever Green NV and Forever Young Investments, LLC, affiliates of Heidi Loeb Hegerich. The transfer of those interests is subject to approval of the Nevada Department of Taxation, which the Company expects to receive in approximately 60-90 days. The Company also entered into a settlement agreement with Forever Green, Forever Young Investments and Ms. Hegerich to settle the lawsuit between them and the Company.

Conference Call

The company will also host a conference call today, Thursday, May 9, 2019 at 4:30 PM Eastern Time.

Dial-In Number: 1-857-232-0157

Access Code: 422095

Derek Peterson, Chairman and CEO of Terra Tech Corp., will be answering shareholder questions at the end of the call. Should you have questions during or prior to the conference call please send an email to [email protected] with ‘TRTC Question' in the subject line. Mr. Peterson will answer as many questions as time will allow.

For those unable to participate in the live conference call, a replay will be available at https://www.smallcapvoice.com/trtc/. An archived version of the webcast will also be available on the investor relations section of the company's website.

To be added to the Terra Tech email distribution list, please email [email protected] with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm's retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its multiple California and Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated cannabis dispensaries throughout California and dispensaries in Nevada. The Company's wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech's MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.

For more information about Blüm Retail Stores visit: http://letsblum.com

Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline

Follow us on Instagram @Letsblum

Follow us on Twitter @terratechcorp

For more information about Edible Garden visit: http://www.ediblegarden.com/ 

Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts

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....

IRVINE, CA / ACCESSWIRE / May 9, 2019 / Terra Tech Corp. (OTCQX: TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced its financial results for the period ended March 31, 2019.

Derek Peterson, Chief Executive Officer of Terra Tech, commented, “In the first quarter of 2019 we made meaningful headway both implementing our restructuring strategy and further entrenching ourselves in the California market. All material construction at the Hegenberger cultivation facility in Oakland is complete, and we anticipate it being fully operational upon receipt of licensing approval from the State. This will enable us to ramp production of our IVXX™ premium wholesale cannabis brand in California.”

“We also opened our newest Blüm dispensary in San Leandro, California, a prominent suburb city of San Francisco and Oakland. In the short time since opening, the dispensary has generated consistent medical foot traffic and we expect sales at this location to continue to grow throughout the year, driven by the start of sales to adult users as of May 2019, and increased brand recognition in the area. Moreover, we are working on several growth initiatives that are expected to generate new sources of revenue for the Company, including opening a vertically integrated cannabis complex to host large-scale, cannabis themed events at our East Dyer Road location later this year,” continued Mr. Peterson.

“Terra Tech is engaged in a fundamental restructuring to improve profitability and build value for our shareholders. Following a comprehensive review of the Company’s assets and their respective performance, we are pursuing a strategy to redeploy certain assets in strategic locations where we believe they have the potential to produce greater returns. To advance this strategy, we have entered into an asset purchase agreement with Picksy LLC, a Nevada limited liability company to sell our Desert Inn Road retail dispensary for $10 million. This strategy is expected to build a stronger, more efficient business based around premium quality, recognizable brands. We are pleased with our progress working toward these strategic objectives,” concluded Mr. Peterson.

Financial Update

* For the period ending March 31, 2019, the Company generated revenues of approximately $7.4 million, compared to approximately $8.6 million for the first quarter ending March 31, 2018, a decrease of approximately $1.3 million. The decrease was primarily due to the significant level of taxes that the State of California placed on cannabis sales which depressed the overall legal cannabis market.

* Gross margin for the period ending March 31, 2019 was approximately 54.4%, compared to approximately 36.2% for the first quarter ending March 31, 2018. The increase in Gross Margin was primarily due to operational improvements across both the cannabis segment and herbs and produce segment. 

* Selling, general and administrative expenses for the period ending March 31, 2019 were approximately $11.5 million, compared to approximately $10.3 million for the first quarter ending March 31, 2018. 

* The Company reported a Gain on Interest in Joint Venture of $5.6 million for the period ending March 31, 2019, as a result of its decision to restate its agreements with NuLeaf Sparks Cultivation, LLC and NuLeaf Reno Production, LLC.

* The net loss attributable to Terra Tech for the period ending March 31, 2019 was approximately $(5.1 million) or $(0.05) per share compared to a loss of approximately $(12.2 million) or $(0.19) per share for the first quarter endin March 31, 2018. 

* The Company had $5.81 million in cash as of March 31, 2019, compared with $7.