President, Chief Executive Officer, Chief Operating Officer, Director, Secretary and Treasurer
Mike Nahass has been working with Derek Peterson since their time together at Morgan Stanley. He has been instrumental in the start-up operations of Terra Tech and he continues to manage the daily activities of Terra Tech. Since August 2011, Mike has also served as Managing Director of Arque Capital, Ltd.
Mike’s prior experience includes serving as Chief Portfolio Manager of the NMS Platinum Funds, LLC. and from September 2009 until August 2011, he was a Partner, and served as Managing Director/COO of, NMS Capital Asset Management, Inc.
Mike worked for Morgan Stanley from February 1995 until June 2009 in various positions, including his last position as Senior Vice President and Complex Manager, where he directly managed over 200 financial advisors with approximately $20 billion in assets under management in Las Vegas, NV. With over 20 years of financial services experience, he has been and is responsible for private client services, business development, regulatory compliance and strategic development.
Mike holds a B.S. in Business Administration from Fairleigh Dickenson University. In addition he also holds NASD Series 3 (National Commodity Futures), Series 7 (General Securities Representative), Series 8 (Supervisory), Series 31 (Managed Futures), Series 65 (Investment Advisor Representative), Series 79 (Investment Banking) licenses.
Chief Strategy Officer and Chairman
Mr. Peterson has served as our President and Chief Executive Officer, and Chairman of the Board, since February 9, 2012. Mr. Peterson served as President until November 6, 2017. Mr. Peterson began his career in finance with Crowell, Weedon & Co. (now, D.A. Davidson & Co.), the then-largest independent broker-dealer on the West Coast. In his 6 years there, Mr. Peterson became a partner and Branch supervisor where he was responsible for sales of over $10 million. Mr. Peterson was offered an opportunity to build a southern Orange County presence for Wachovia Securities, where he became the first Vice President and Branch Manager for their Mission Viejo location. He was instrumental in growing that office from the ground up into the $15 million office it is today. After his term at Wachovia Securities (now, Wells Fargo Advisors), Mr. Peterson accepted an opportunity for a Senior Vice President position with Morgan Stanley Smith Barney, where he and his team oversaw combined assets of close to $100 million. In addition, he has also been involved in several public and private equity financings, where he has personally funded several projects from angel to mezzanine levels. Mr. Peterson is a CFP Professional and holds his Series 7 (General Securities Representative), Series 9 and 10 (General Securities Sales Supervisor), Series 3 (National Commodity Futures), Series 65 (Investment Advisor Representative), and California Insurance License. Mr. Peterson holds a Bachelor’s degree in Business Management from Pepperdine University. Mr. Peterson also owned a 12% interest in Black Oak until we acquired Black Oak on April 1, 2016. As a co-owner of Black Oak, Mr. Peterson worked with governmental agencies and tax authorities in Oakland, including working with the city to establish medical cannabis ordinances, competed for a permit to operate, and responded to a city request for proposal. Mr. Peterson’s experiences gained through these matters will assist us in launching and operating the medical marijuana and adult use cultivation, production and dispensary businesses of MediFarm, MediFarm I, and MediFarm II, as well as IVXX’s launch of its line of cannabis flowers, cigarettes, and pure concentrates. Mr. Peterson’s background in investment banking led to our conclusion that he should serve as a director in light of our business and structure.
Chief Financial Officer
Mr. Batliner has served as the Company’s Director of Reporting & Analysis since December 3, 2018. Prior to that role, Mr. Batliner was the Director, Financial Planning and Analysis of Iteris, Inc., a data analytics firm, since 2015.