Terra Tech Corp (OTCMKTS: TRTC) Stock Price Attempting to Grow Again

Terra Tech Corp (OTCMKTS: TRTC) is a marijuana stock with a strong focus on cannabis cultivation, with the goal of providing the highest quality medical cannabis, as well as other agricultural products. The company also has several subsidiaries, with the same goal, including Edible Garden, Blum, IVXX Inc., and MediFarm LCC.

TRTC price struggled in 2019

Unfortunately for the firm, the stock market started experiencing difficulties in the second half of the year, and the market crash that came near the year's end affected TRTC price quite strongly. The company's stock price dropped back down, nearly reaching the old levels.The drop was finally stopped by the stock price's support level at $0.6, where it attempted another surge. TRTC price then successfully reached $1 around January 11th but was brought back down to earlier support over the course of the next 30 days. TRTC price then finally started surging again on February 20th, but showing a much stronger will to grow this time, eventually almost reaching $1.5 around March 10th. TRTC Daily ChartThis was when another drop occurred, but this one was stopped by much stronger support levels. The first one was at $1.1, which was actually followed by a minor spike up. The spike was short, and the stock price quickly dropped down again, and again, its drop was softened by supports, initially by the one at $1, and then the other at $0.9. The stock then started surging yet again, although the $1.1 mark started acting as resistance, preventing the price from reaching this level and advancing.At the time of writing, the price of TRTC sits at $0.99, with its price currently experiencing a minor correction.

About Terra Tech

As mentioned, Terra Tech and its subsidiaries focus on cannabis production for medical and adult use. The company has over four decades of proven agricultural success, which has allowed the firm to gather valuable experience and come up with innovative practices in a controlled, modern greenhouse environment.The company also became quite well-known for the high quality of its cannabis, which is regularly delivered to qualified, registered medical establishments. Terra Tech also commits to advancing their research further and expanding their reach, as well as the cannabis industry. Their research resulted in cross-breeding strains of medical cannabis, with the hope of being able to treat various ailments with the resulting products.

Terra Tech subsidiary to start cannabis sale in San Leandro, CA

The firm also received quite a lot of attention over the years, and numerous media outlets have been reporting on its progress and innovation. The recent example came only a little over a week ago when the company announced its plans to commence adult-use market sales at its California-based subsidiary.Blum Cannabis Dispensary, located in San Leandro, California, will seemingly receive a very important new task, due to the San Leandro's recent City Council vote to approve the adult use of cannabis. According to recent reports, the ordinance will have its second reading on April 1st this year, after which it should go into effect on May 1st.If all goes well, the ordinance would 'allow for existing medical dispensaries to sell cannabis to recreational users 21 years of age or older.' This will be a massive step in the right direction for Terra Tech, as it operates the only licensed medical cannabis dispensary in San Leandro.

What might this mean for the company’s stock?

The news came at the right time for Terra Tech stock, too, and stock owners should expect to see a significant rise in the company's stock price. While it is difficult to predict the stock's behavior, TRTC might even see a new all-time high after May 1st. Because of this, purchasing TRTC while the price is low might be an excellent investment at this time. After all, the stock price saw a minor surge the day after this news was published, meaning that even the glimpse of the future was enough to affect the price significantly.Once that future becomes the reality, TRTC will likely see a surge, not unlike the one in March 2018, when it reached its 52-week high.We will be updating our subscribers as soon as we know more. For the latest updates on TRTC, sign up below!Disclosure: We have no position in TRTC and have not been compensated for this article.