Stuart Smith: | Welcome one, welcome all, to another online business briefing, where we shine a spotlight on some of the smartest and freshest plays here in the market today, as you just heard. I'm your host, Stuart Smith, and we're welcoming back to the show Terra Tech, traded under the ticker symbol TRTC, but there's some big news, so I've gotta get into why we're talking to Terra Tech today. A merger was just announced, so we're not just speaking to Terra Tech. We're actually speaking to OneQor, and we're gonna be speaking with Derek Peterson. He is the CEO of Terra Tech, and we're gonna learn a little bit more about where he's going to be shifting to. But we're also lucky enough to be joined by co-founder and CEO Matt Morgan of OneQor. Now, that's the company Terra Tech is being merged with. We're gonna learn all about this as we dive deeper into this interview, so buckle up. Let's ask the first question for Mr. Derek Peterson. Derek, how're you today? |
Derek Peterson: | Well, it's kind of interesting, and business is serendipitous at times as well, and Matt and I had been competitors in the Nevada marketplace for a long time. We were both the biggest permitees on the first round there, and so kinda got to watch him firsthand in terms of his ability to scale and build a business, and he's an extremely talented operator at the end of the day. And so, he approached me at the beginning of the year, 'cause he wanted some help raising some capital for this project and wanted some introductions to kind of our base of supporters over the last handful of years, and so we started working together as far as that was concerned, and then our independent board members had an interest to chat with them about the potential integration later on in the year, and that's really kinda how everything came together. The cannabis industry has been experiencing a tremendous amount of headwinds, as I think most people understand, over the last couple months or so, and so I think the opportunity lined up perfectly for creating a pivot but still kinda remaining in essence in the core corridor working with the cannabis plant, working with cannabinoids and that type of thing, so, again, really kinda serendipitous in nature, but we've got a long history together as competitors and really had a chance to see him perform and operate and scale and build a company, and I think he's really on the right path to do this with OneQor. |