Terra Tech

Terra Tech Corp, a Nevada-based company, recently entered into an asset purchase agreement with a third party to sell its dispensary located in Las Vegas, NV for $11 million. The transaction, subject to approval by the Nevada Department of Taxation, includes a mix of cash and shares convertible into the purchaser's publicly traded securities.

As a wholly owned subsidiary of Terra Tech Corp, Medifarm LLC facilitated the sale of the dispensary, with no material relationship existing between the company and the purchaser beyond the terms outlined in the purchase agreement. The agreement includes customary conditions, representations, warranties, indemnities, and covenants to ensure a smooth transition of ownership.

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