Terra Tech Corps had put a press release out the June 29th reminding its shareholder of sorts in regards to the stores opening in Nevada for adult usage on July 1st. Friday, the stock price saw minimal gains as it went from $0.1745 to $0.1877.
Monday was a different story as a Facebook message (listed as Item 7.01 Regulation FD Disclosure) stimulated shareholder enthusiasm to the point of trading 19 million plus shares on a shortened trading day, closing at $0.2395 (+27.6% on the day).
Here is an exert:
“As most of you know yesterday adult use cannabis became legal to sell in Nevada and team Terra Tech killed it! The sales surpassed any of our expectations. To put in perspective; in 2011 our company’s total revenue was about $500,000. Yesterday through our 4 retail facilities in Nevada and our continued strong performance in Oakland, we did about half what we did in all of 2011 in a single day!
It goes on to congratulate the amazing team at Blum Dispensaries and it’s strong back office.
For those in the investment world that thought “CANNABIS STOCKS” were dead, you may want to think again. With legalization in different states and expanded levels of legalization (re: medical, recreational, etc.), it creates new opportunities for companies and expansion for the established.
About Terra Tech
Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Winn-Dixie, Raley’s, Meijer, Kroger, and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, Pennsylvania and the Midwest. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.
For more information about Terra Tech Corp visit: http://www.terratechcorp.com/
For more information about IVXX visit: http://ivxx.com/
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline
Follow us on Twitter @terratechcorp
For more information about Edible Garden visit: http://www.ediblegarden.com/
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts
Disclosure: The authors and or owners of psinvestor.com hold no position in the company, nor were we compensated for the article.