New York, NY -- (ReleaseWire) -- 02/18/2013 --Terra Tech Corp. (OTCQB:TRTC) announced it has completed its first installment payment to NB Plants for the 5 acres of greenhouse it has committed to funding as part of the acquisition plan.
Terra Tech’s successful acquisition of NB Plants, a 116-acre New Jersey farm and its brand ‘Edible Garden’, will push annual revenue in excess of $6 Million. Edible Garden a premier local brand of sustainably grown produce is available at over 120 major grocery store chains such as Shoprite, Food Emporium and others throughout the Northeast.
Through its wholly-owned subsidiary GrowOp Technology, Terra Tech Corp. specializes in controlled environment agricultural technologies.
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Growlife, Inc. (OTCQB: PHOT) reported that the trend of relaxation and decriminalization of marijuana continues with the announcement that New York City will not arrest individuals for possession of marijuana. "It is affirming to see that the trend of decriminalization and relaxation of marijuana laws continues, especially in the most populous city in the country," stated Sterling C. Scott, CEO, Grow Life, Inc.
Growlife Inc. (PHOT) manufactures and markets horticulture products for the indoor gardening industry. They offer hi-powered light emitting diode (LED) grow light products and plant growing systems along with accessories. PHOT sells its products under the Phototron and Stealth Grow LED brand names through approximately 2,500 hydroponic retailers and on-line resellers. They also operate an online site.
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