Terra Tech Corp. (OTC: TRTC) is the gold standard of vertically integrated, cannabis-focused agriculture companies.
“Vertically integrated” is just a fancy way of saying the firm does just about everything from the seed to the sale: grow operations, processing operations, product creation, dispensaries, and more.
The Irvine, Calif.-based firm is well known for specializing in the highest quality medical cannabis on the market today… hybrid strains of cannabis that are engineered and carefully blended to treat a variety of ailments.
Its MediFarm subsidiary owns pot dispensaries in Nevada. And to gain a foothold in the California market, it acquired the Black Oak Gallery dispensary, which has 42,000 registered patients. That deal pushes Terra’s yearly revenue base north of $35 million.
This firm is keeping close tabs on legal changes happening across the nation. But it won’t enter potentially lucrative markets until pot is fully approved for either medical and/or recreational use.
The firm is currently looking at California, the nation’s largest legal pot market, and Nevada, which is seeing a surge in pot-related tourism, as a sources of near-term growth.
At its growing facilities, Terra Tech leaves aside some room for its hydroponically grown herbs and greens, which are sold under the Edible Garden brand to supermarkets. Some of the produce that it sells has been nutritionally enhanced and is available at 1,800 supermarkets in the northeastern United States.
Its SUPERLEAF lettuce, for example, is high in vitamins A and C, magnesium, iron, and potassium. The lettuce was developed by scientists at Rutgers University and also contains high levels of fiber and antioxidants.
To help increase supply of herbs and greens, and to eventually cultivate a lot more marijuana, the firm is holding early-stage talks with hydroponic growers in New Jersey, Indiana, and Florida.
Those deals are focused on legal products for now but could become key sources of cannabis supply if those states choose to legalize pot. The firm has identified one location in Florida that could ultimately grow 70,000 pounds of pot each year.
Terra Tech also aims to help other growers, whether at home or in an industrial facility or greenhouse, to be more productive. Its GrowOp Technology division sells a broad range of equipment geared to pot cultivation and harvesting.
These include environmental controllers and timers as well as ballasts, bulbs, reflectors, nutrients, and portable hydroponic trailers.
Look for interest in this stock to continue building now that it’s completed a 1-for-15 reverse stock split of its outstanding common stock as of March 12, 2018.
I believe a move of this nature could very well lead to an up-listing to the Nasdaq. And once that occurs, look for a big pop, because listing on a major exchange helps the stock get closer to becoming “investment grade.”
In a recent earnings call with investors, Terra Tech CEO Derek Peterson said the firm’s California dispensary operations, under the Blüm brand, now include locations in Oakland (pictured) and Santa Ana, while it builds out another location in San Leandro.
In Nevada, the company is operating four Blüm recreational dispensaries.
On the cultivation side, the company has completed a new 30,000- square-foot cannabis-extraction facility in Reno, through agreements with NuLeaf. It’s in the final approval stages to begin production there.
The firm even filed a patent application for cannabis-infused rolling papers it expects to launch in 2018.
All of these moves helped make 2017 a profitable year for Terra Tech.
The firm realized total revenue of $38.5 million, a 41% increase from 2016. Its last quarter of 2017 saw revenue increase to $11.01 million, or 54% higher than the prior quarter.
Terra Tech is already setting revenue records in the pot-friendly states of California and Nevada. Plus, with a massive greenhouse in soon-to-legalize New Jersey, it’s uniquely positioned to lead the pack this election year.
In 2016, stocks like this one soared as much as 12,400%. This time around, with nearly twice as many states looking to legalize pot, I’m looking for far greater profits.
“Vertically integrated” is just a fancy way of saying the firm does just about everything from the seed to the sale: grow operations, processing operations, product creation, dispensaries, and more.
The Irvine, Calif.-based firm is well known for specializing in the highest quality medical cannabis on the market today… hybrid strains of cannabis that are engineered and carefully blended to treat a variety of ailments.
Its MediFarm subsidiary owns pot dispensaries in Nevada. And to gain a foothold in the California market, it acquired the Black Oak Gallery dispensary, which has 42,000 registered patients. That deal pushes Terra’s yearly revenue base north of $35 million.
This firm is keeping close tabs on legal changes happening across the nation. But it won’t enter potentially lucrative markets until pot is fully approved for either medical and/or recreational use.
The firm is currently looking at California, the nation’s largest legal pot market, and Nevada, which is seeing a surge in pot-related tourism, as a sources of near-term growth.
At its growing facilities, Terra Tech leaves aside some room for its hydroponically grown herbs and greens, which are sold under the Edible Garden brand to supermarkets. Some of the produce that it sells has been nutritionally enhanced and is available at 1,800 supermarkets in the northeastern United States.
Its SUPERLEAF lettuce, for example, is high in vitamins A and C, magnesium, iron, and potassium. The lettuce was developed by scientists at Rutgers University and also contains high levels of fiber and antioxidants.
To help increase supply of herbs and greens, and to eventually cultivate a lot more marijuana, the firm is holding early-stage talks with hydroponic growers in New Jersey, Indiana, and Florida.
Those deals are focused on legal products for now but could become key sources of cannabis supply if those states choose to legalize pot. The firm has identified one location in Florida that could ultimately grow 70,000 pounds of pot each year.
Terra Tech also aims to help other growers, whether at home or in an industrial facility or greenhouse, to be more productive. Its GrowOp Technology division sells a broad range of equipment geared to pot cultivation and harvesting.
These include environmental controllers and timers as well as ballasts, bulbs, reflectors, nutrients, and portable hydroponic trailers.
Look for interest in this stock to continue building now that it’s completed a 1-for-15 reverse stock split of its outstanding common stock as of March 12, 2018.
I believe a move of this nature could very well lead to an up-listing to the Nasdaq. And once that occurs, look for a big pop, because listing on a major exchange helps the stock get closer to becoming “investment grade.”
In a recent earnings call with investors, Terra Tech CEO Derek Peterson said the firm’s California dispensary operations, under the Blüm brand, now include locations in Oakland (pictured) and Santa Ana, while it builds out another location in San Leandro.
In Nevada, the company is operating four Blüm recreational dispensaries.
On the cultivation side, the company has completed a new 30,000- square-foot cannabis-extraction facility in Reno, through agreements with NuLeaf. It’s in the final approval stages to begin production there.
The firm even filed a patent application for cannabis-infused rolling papers it expects to launch in 2018.
All of these moves helped make 2017 a profitable year for Terra Tech.
The firm realized total revenue of $38.5 million, a 41% increase from 2016. Its last quarter of 2017 saw revenue increase to $11.01 million, or 54% higher than the prior quarter.
Terra Tech is already setting revenue records in the pot-friendly states of California and Nevada. Plus, with a massive greenhouse in soon-to-legalize New Jersey, it’s uniquely positioned to lead the pack this election year.
In 2016, stocks like this one soared as much as 12,400%. This time around, with nearly twice as many states looking to legalize pot, I’m looking for far greater profits.