SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 19, 2019 (November 13, 2019)
TERRA TECH CORP.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
2040 Main Street, Suite 225
Irvine, California 92614
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (855) 447-6967
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Emerging growth company ¨
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Item 1.02 Termination of a Material Definitive Agreement
As previously disclosed, on May 13, 2019, MediFarm LLC, a wholly-owned subsidiary of Terra Tech Corp. (“MediFarm”), entered into an Asset Purchase Agreement (the “Agreement”) with Harvest of Nevada (Decatur LV), LLC (the “Purchaser”) and Harvest Health & Recreation, Inc., pursuant to which MediFarm agreed to sell, and the Purchaser agreed to purchase, substantially all of the assets of MediFarm related to MediFarm’s dispensary located at 3650 S. Decatur Blvd., Las Vegas, NV 89103.
On November 13, 2019, MediFarm received notice from the Purchaser that the Purchaser has elected to terminate the Agreement because the Nevada Department of Taxation did not approve the transfer of MediFarm’s assets to the Purchaser within the 180-day period set forth in the Agreement. MediFarm and the Purchaser are currently renegotiating the terms of the transfer of MediFarm’s assets to the Purchaser. There is no material relationship between MediFarm, Terra Tech Corp. or any of their respective affiliates and the Purchaser other than in respect of the transactions contemplated by the Agreement. Neither MediFarm nor Terra Tech incurred any early termination penalties in connection with the termination of the Agreement.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TERRA TECH CORP.
Date: November 19, 2019
/s/ Derek Peterson
Chief Executive Officer