Terra Tech Corp (OTCMKTS:TRTC) Heating Up Ahead Of Earnings

Shares of Terra Tech Corp (OTCMKTS:TRTC) have been heating up ever since the company announced that it would release second quarter earnings on on Monday, August 15, 2016 after U.S. markets close. No doubt shorts are covering ahead of the big event and after the stock put in a multiple bottom at the $.30 support level. This will be the first quarterly earnings report for TRTC with results from its Blum acquisition. We believe these numbers will be better than analysts are anticipating and put TRTC on another bull run.Back in June, we got a little preview of how strong the Blum numbers can be. At the Blum dispensary in Oakland, sales of concentrates increased 42% in May 2016, compared to January 2016, driven by higher sales of Terra Tech's own-brand of IVXX concentrates. Sales from concentrates are the third largest contributor to Blüm Oakland revenue and are a significant growth vertical for Terra Tech. The Oakland dispensary holds over 42,000 registered patients and services close to 1,000 patients each day. Blüm Oakland also has a fully integrated supply chain, which consists of a sophisticated onsite cultivation facility and a portfolio of proprietary strains.What we like most about the Blum acquisition is that its a proven model that TRTC can then apply to new locations. The company is figuring out what works and what doesn't. While other cannabis names have a business model on paper, TRTC is actually implementing and fine tuning its business model. Matter of fact, Terra Tech is the only US-based, publicly-traded company that touches every aspect of the cannabis life cycle.For instance, TRTC has found that the 'Whoopi & Maya' line of cannabis products for menstrual cramp pain by Whoopi Goldberg has attracted female patients looking for all-natural products to alleviate discomfort. In addition, the company's Half Caked edible products have also been flying off the shelves, particularly the caramel popcorn and tainted butter are a huge hit that keep selling out upon arrival. Furthermore, its cultivated strain of Girl Scout Cookies is proving popular with patients looking for a high quality and potent product. Terra Tech knows that these products sell and can stock them and properly position them within their new dispensaries in Nevada. This is an advantage no other company has.In addition to Blum Oakland, Terra Tech opened its first Nevada medical marijuana dispensary in April with others to follow, including Blüm in Midtown. Terra Tech bid for 8 permits in Nevada and won all 8. In Reno, the company has submitted its business license application to the City of Reno Business Licensing Division and construction of the Reno dispensary should be completed by the end of August.As we approach the August 15th date, here's what to expect. We'll get the numbers from Blum Oakland and the first Blum Las Vegas dispensary. We'll also get an update on Blum Midtown in Las Vegas from CEO Derek Peterson on the earnings call. We'll also get a status update on Blum Reno. By September, TRTC will have four dispensaries up and running. We will also get further clarity on any future reverse split, which will most likely not happen this year. The reason being is that the only reason CEO Derek Peterson saw fit was if TRTC could up-list to NASDAQ.Since MassRoots Inc (OTCMKTS:MSRT) was denied by NASDAQ earlier this year, we don't see that happening anytime soon. What could prompt a change is when the DEA reclassifies marijuana as a schedule 1 drug. There was some hope that that would happen this summer, but we always felt that the DEA would not do anything before the November elections. We expect a reclassification after the Presidential election and if and when this happens, shares of TRTC will surge.Currently trading with a market cap of $139 million, TRTC just received a Strong Buy rating from Barchart. We expect TRTC to trade higher ahead of earnings and we expect Q2 to be a blockbuster for TRTC. We will be updating Insider Financial with updates and analysis as soon as Q2 earnings are released. Sign up up below for the latest on TRTC!Disclosure: We have no position in TRTC and have not been compensated for this article.