In a press release, Terra Tech Corp (OTCMKTS:TRTC) has announced a new partnership with the Valiente Group. The companies aim to introduce a new brand that will produce cannabis-infused beverages. Dubbed IVXX, the brand will avail new products that aim to push up the companies’ revenues.
Already the company is producing a range of beverages, states the release. In addition, the statement details that a unique infusion technology is in place that will facilitate the production of beverages. The technology is available courtesy of Tarukino Holdings.
A new brand
Among the beverages include “‘champagne’, ‘apple cider’, lemonade ‘margarita’ mix, zero calorie lemon lime soda and cherry lime sparkling water.” In addition, the companies will produce a “single shot flavorless, odorless 5 milligram and 10 milligram shot.” As per the statement, the shot will be for addition to the any of the beverages under IVXX brand.
Further, part of the Terra Tech Corp (OTCMKTS:TRTC) and Valiente Group partnership involves construction of a bottling facility. According to the press release, the project is already underway and will be available for use within set deadline.
The partnership to introduce Terra Tech Corp (OTCMKTS:TRTC) to the market
Terra Tech CEO, Derek Peterson believes that Valiente Group will facilitate the company’s smooth entrance into the new market. According to him, the cannabis-infused, non-alcoholic beverage market contains less competition and presents a great opportunity for huge revenues. Further, the CEO notes that the bottling facility under construction will expand the distribution scale of the partnership.
In his words, he observes:
“The build out of our Dyer Road facility will serve the growing demand for cannabis-infused beverages in the California Market and, in the future, we expect it to enable distribution to other markets, including Nevada.”
In another announcement, the company reveals that it will begin supplying organic leafy greens to Stop & Shop and Giant-Landover. The company will supply the products through Edible Garden, a wholly controlled subsidiary. The subsidiary seeks to commence supplies in the last quarter of 2018.
Terra Tech CEO feels the opportunity to supply the products brings much needed positive reinforcement to his team. “… it shows the level of trust and confidence in our Edible Garden’s products and further deepens our relationship…” he says.