TRTC - Terra Tech to monetize its investment in Hydrofarm leading to $40M in gross proceeds

Terra Tech ([[TRTC]] +2.7%) entered into an agreement to monetize its investment in Hydrofarm leading to gross proceeds in excess of $40M+.Originally, the company made a $5M investment in Hydrofarm in November 2018."As announced last week, we entered into a definitive agreement to sell our non-operating N. 4th Street property in Las Vegas, which resulted in a $900k improvement to our balance sheet and alleviated numerous costs associated with its ownership," CEO Frank Knuettel commented.With this sale, the company would have added ~$41M to its balance sheet in just the last month, without dilution; also, it has a note receivable and puttable equity of ~$13M associated with the sale of two dispensaries in Nevada in early 2020.In the upcoming twelve months, the company expects to be able to monetize the note receivable and the puttable equity.Expected transaction closure to acquire Unrivaled is on or about July 1, closing of the transaction to acquire SilverStreak Solutions in late

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Terra Tech to monetize its investment in Hydrofarm leading to $40M in gross proceeds