You are here
Home 🌿 Marijuana Business News 🌿 Irvine-based medical marijuana firm Terra Tech merges with Oakland dispensary 🌿Irvine-based medical marijuana firm Terra Tech merges with Oakland dispensary
Terra Tech, an Irvine-based marijuana agriculture company, will merge with Black Oak Gallery, a retail medical marijuana dispensary in Oakland.
The merger includes Blüm Oakland’s supply chain: an on-site cultivation facility, proprietary marijuana strains and a retail store front.
Blüm Oakland, which opened in 2012, has more than 42,000 registered customers and brought in around $14 million in revenue in 2015.
Derek Peterson, chief executive of Terra Tech, said in a statement the combined companies would touch “every aspect of the cannabis life cycle – from cultivation, to extraction, to branding, and now, with the acquisition of Blüm, to retail sale.”
The Terra Tech-Black Oak Gallery merger is expected to close at the end of March. Terms of the deal were not disclosed.
Terra Tech made headlines in 2014 when it got approval from the Securities and Exchange Commission to raise funds to build-out medical marijuana facilities.
The company, which has...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin