Terra Tech Corp (OTCMKTS:TRTC) On A Bull Run

Shares of Terra Tech Corp (OTCMKTS:TRTC) continue on their bull run for 2016. We've been telling Insider Financial subscribers since January that TRTC was one of the best pot stocks to own. We said last month that "What we are seeing with TRTC is not only short covering, but also new buyers coming into the stock as the company continues to get new press. This is indeed Green Rush 2.0 and TRTC looks poised to continue making new highs."Helping to drive shares higher was the company's latest earnings report, which showed substantial revenue growth. Total revenues generated for the quarter ended December 31, 2015 were approximately $2.17 million, an increase of 44% from $1.5 million in the same period in 2014; total revenues for the full year 2015 were $9.98 million, an increase of 40.6% from $7.09 million in the year ended December 31, 2014.Revenue guidance for 2016 calls for $20 million to $22 million. Driving this growth is TRTC's recently completed acquisition of Black Oak Gallery, DBA: Blüm Oakland, an established, retail medical cannabis dispensary in Oakland, CA. Blüm Oakland, which holds over 42,000 registered patients, has been operating since November 2012 and services close to 1,000 patients each day. The acquisition includes Blüm's fully integrated supply chain, which consists of a sophisticated onsite cultivation facility and its portfolio of proprietary strains, as well as its high-volume retail storefront. Trailing 12-month non-GAAP revenue for Blüm Oakland is over $14 million, which tracks the revenue reported by Blüm Oakland in its associated sales tax and cannabis tax reporting and payments. When this deal was first announced back in January, we said that it was indeed a game changer for TRTC.TRTC will now apply the expertise of Blum towards the company's expansion into Nevada. Terra Tech's first Nevada-based medical cannabis dispensary, located at 1921 Western Avenue in Las Vegas, has had its final business license approved by the Las Vegas City Council. Terra Tech now possesses all the permits issued by the City of Las Vegas necessary to operate this medical cannabis dispensary. The company is still awaiting final issuance of the State Registration Certificate from the State of Nevada, which is expected to be issued upon completion of the State of Nevada's operations inspection. The Grand Opening of the dispensary will be held on April 20, 2016.Located adjacent to the Las Vegas Strip, the Western Avenue dispensary will offer patients the company's proprietary IVXX brand of premium medical cannabis, including flowers, shatters, waxes and oils, among other high-quality cannabis products from a range of reputable providers of superior grade medical cannabis. The 3,900 square foot facility is located adjacent to the Las Vegas Strip at 1921 Western Avenue and is expected to benefit from the heavy traffic in Las Vegas. CEO Derek Peterson said:

"We are delighted to receive the City of Las Vegas Business License for our first-ever medical cannabis dispensary to be located in Nevada. We see tremendous opportunity in Nevada's medical cannabis market and are confident that having a physical presence will enable us to gain market share and position Terra Tech as an industry leader in this emergent market. We encourage members of the local community that have an interest in the health benefits of cannabis to attend our Grand Opening on April 20^th to hear more about our offering."

This month, TRTC also launched a new line of pre-filled, IVXX-branded medical cannabis cartridges. An initial order for approximately $170,000, or 10,000 units, has been received from one of Terra Tech's distributors. This is the first of multiple cartridge lines, each containing varying percentages of cannabinoids, to be launched over the next four months. The cannabis oil cartridges will offer a variety of cannabis strains of varying potencies in easy-to-use, convenient cartridges designed for use in vaporizers. Made from local, sustainably grown cannabis that has been cleanly extracted using a supercritical CO2 method, the oil is lab-formulated for consistency, and lab-tested for purity and potency. Terra Tech manufactures the pre-filled cartridges at its IVXX Extraction Lab, and will distribute them via its existing distribution network and retail locations.Currently trading with a market cap of $130 million, TRTC is one of the best plays on the OTC markets for pot stock investors. Shares are on the verge of breaking out and continuing their march higher. The worst looks to be behind TRTC and we recommend investors purchase shares on any pullbacks. The days of being short TRTC are definitely over as rallies will continue to be fueled by short covering and new buyers coming into the stock. TRTC is indeed a microcap runner and a pure play on the coming marijuana green rush. We will be updating Insider Financial as soon as we know more. For continuing coverage on TRTC, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in TRTC and have not been compensated for this article.