TRTC on Fire!
Update: A lot has happened since this article on Terra Tech Corp. (OTC: TRTC) was initially written when the stock first started trading on the OTCBB. With all junior cannabis stocks exploding on the OTC and PINKS, TRTC has seen a recent explosion in price and volume and investors are wondering if TRTC can follow in the footsteps of epic winners in the same sector such as MJNA or PHOT?
On February 4 TRTC announced that it has finished formulation and bottling of its 3-part hydroponic nutrient line, "Simple Solutions". Terra Tech's 3-part hydroponic nutrient line is made up of 3 components; Simply Central, Simply Grow and Simply Bloom. Their perfectly balanced formulations of Nitrogen, Phosphorous and Potassium take the guesswork out of gardening by allowing even the greenest growers an easy solution to plant management.
Freedonia Research estimated US packaged lawn and garden consumables demand will grow to $8.8 billion in 2016. Pesticides and fertilizers will remain the top segments, with fertilizers, seeds and growing media the fastest growing. The Western region, where Terra Tech is based, will remain by far the most significant regional market for lawn and garden consumables.
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Like the Gold Rush Penny Stocks of the 1970’s that went from pennies to hundreds of dollars per share Marijuana stocks are offering investors an exciting alternative with massive revenue growth potential as well as spectacular short term gains on investment. Take the Penny Stock CBIS for example that ran from around $0.01 to highs of $0.27 per share for gains of 2,700% over the course of several months earlier this year. Or take the Penny Stock MJNA which reported a 1,200% increase in revenues 1st Quarter 2012 over the same quarter in 2011.
Another Marijuana stock that has just arrived on the scene and is already getting a lot of attention is Terra Tech Corp. (OTCBB: TRTC) the stock started trading at the $0.50 mark and has been slowly moving up towards $0.60 on several 100,000 shares traded average per day. Thanks to the intuitive research provided by AimHighProfits we know that TRTC has an influential director on board in Edward Piatt who was recently part of a team that was trying to build four large-scale marijuana factories in Oakland, California. The 7.4-acre complex could produce over 21,000 pounds of marijuana a year and generate about $60 million in annual revenue!
While TRTC is already on track to do about $500,000 in revenues for 2012; we know from experience that stocks in this sector can experience rapid revenue growth in short time frames. While it is still very early to predict what TRTC will do here we think it’s a penny stock to watch and we will continue to update this article as new events unfold.
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Through its wholly-owned subsidiary GrowOp Technology, Terra Tech Corp (OTC: TRTC) specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners.
TRTC works closely with expert horticulturists, engineers, and plant scientists to develop and manufacture advanced proprietary products for the fast-growing urban agricultural industry as well as individual hobbyists. Ther products are utilized by Fortune 500 companies, small urban farmers, home enthusiasts, and traditional greenhouse growers. Ther complete product line is available at specialty retailers throughout the United States, and via our website. Terra Tech Corp was incorporated in July 2008 in the State of Nevada; its subsidiary GrowOp Technology was founded March 2010, in Oakland, California.