SmallCapVoice: Terra Tech Corp. (TRTC) Subsidiary Signs Distribution Contract with GroRite Garden Centers
Terra Tech Corp., a leader in sustainable agricultural products, is pleased to announce it has signed a distribution deal with New Jersey-based GroRite Garden Centers, a greenhouse farming retail superstore. Under the terms of the deal GroRite will be purchasing a majority of their plants for retail sale from Edible Gardens. Forecasting from prior year’s sales Edible Garden anticipates this portion of the contract to be worth close to $500,000 in annual revenue. In addition, Edible Garden will be converting 35,000 sq ft of existing greenhouse space at GroRite’s Lincoln Park store into a hydroponic lettuce cultivation facility. This facility…