Geometry Dash APK Hill Climb Racing APK
78.4 F
New York
Friday, June 2, 2023

Terra Tech Corp (OTCMKTS:TRTC) Must Take Advantage of Green Rush

Must read

HUMBL Inc (OTCMKTS:TSNPD) On the Rebound as Investors Track Developments

If there is one stock that has captured the imagination of many investors over the past months, then it's that of HUMBL...

Healthier Choices Management (OTCMKTS:HCMC) Falls Following WallStreetBets Hype

Investing in stocks that are gaining momentum is often regarded as a sound investment and more often than not it works out...

Enzolytics Inc (OTCMKTS:ENZC) In Focus: Regains It’s Momentum

One of the most notable gainers over the course of the past months has been the Enzolytics Inc stock. While it is...

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...

Terra Tech Corp (OTCMKTS:TRTC) closed up 9% to $.22 to end the week. TRTC has been chugging upward since late October. But those that follow the stock closely are aware though that TRTC is in desperate need of a catalyst to restore some positive traction. Are the recent moves enough?

TRTC obviously wants to take advantage if the cannabis green rush but the stock has not really seen enough volume recently. The company beefed up its board and will be hitting the conference circuit, but besides those two aspects, the stock has been relatively vanilla this quarter.

Terra Tech Corp (OTCMKTS:TRTC) has positioned itself in the cannabis space as a company that engages in the design, marketing, and sale of hydroponic equipment with proprietary technology to create sustainable solutions for the cultivation of indoor agriculture in Newport Beach and Irvine, California.

TRTC operates through two segments, Hydroponic Produce and Cannabis Products. The company offers environmental controllers and timers; ballasts; bulbs; reflectors; nutrients; and portable hydroponic trailers and The Big Bud and Little Bud, which are custom fabricated proprietary cultivation systems for horticulture enthusiasts, local urban farmers, and greenhouse growers

Additionally, TRTC operates as a retail seller of hydroponic produce, herbs, and floral products, which are distributed in the Midwest and the Northeast United States; and produces and sells a line of cannabis flowers and cigarettes, as well as a line of cannabis pure concentrates, including oils, waxes, shatters, and clears to dispensaries in California.

The company operates through multiple subsidiary businesses, including Blum, IVXX Inc., Edible Gardens, MediFarm LLC and GrowOp Technology.

Blum’s retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blum offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations.

Find out when $TRTC reaches critical levels. Subscribe to Right Now by entering your Email in the box below.

TRTC’s last positive news item came from Edible Gardens, their subsidiary, which announced that they would showcase their proprietary SUPERLEAF™ lettuce, at the Fresh Summit Expo which was held in New Orleans. According to the company, one serving of Non-GMO project verified lettuce contains 2.5x as many antioxidants as blueberries and 5X more antioxidants than ordinary lettuce, helping to maintain metabolic health and wellness.

Such produce, which is meant to target consumers who seek to remain healthy, will ensure that TRTC is solidly positioned within the $648 billion healthy eating, nutrition, and weight loss sector.

On the financial side, TRTC’s revenues as at 2Q2017 stood at $7.8 million, a 15% increase from the $6.8 million posted in the previous quarter. Their good performance was further accentuated by the increase in their gross profit margin from 5.2% to 19.2% over 1Q2017 and 2Q2017 respectively.

Cost cutting also benefited TRTC as their net loss over the quarter reduced to $453,000 from over $10 million in the previous quarter, their most significant jump yet.

Moreover, their working capital base also took a similar turn with the figure as at 2Q2017 standing at $6.5 million from a negative position on $11.4 million in 1Q2017. Finally, their shareholder equity closed the period at $69.5 million from $50.6 million, a 37% jump in value.

Currently trading at a market capitalization of $197.66M, TRTC has a significant war chest ($6.7M) of cash on the books, which must be weighed relative to virtually no total current liabilities. This is an interesting operation and nice play toward the cannabis sector, if the company string together some rallies. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $TRTC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $TRTC, either long or short, and we have not been compensated for this article.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service