Cannabis

Terra Tech Corp (OTCMKTS:TRTC) On A Green Rush

Terra Tech Corp (OTCMKTS:TRTC) has been one of the best performing pot stocks for 2016. It looks like Green Rush 2.0 is here for the marijuana sector. We told Insider Financial subscribers back in January that TRTC was one of our top picks and that shares were on the verge of a breakout. We think the run in Terra Tech is just getting started.

Fueling Terra Tech’s rise was its game changing acquisition of  Black Oak Gallery, DBA: Blum Oakland, an established, retail medical cannabis dispensary in Oakland, CA. Blum 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 included Blum’s fully integrated supply chain, which consists of a sophisticated onsite cultivation facility, its portfolio of proprietary strains, as well as its high volume retail storefront. Trailing 12-month non-GAAP revenue for Blum Oakland is over $14 million, which tracks the revenue reported by Blum Oakland in its associated sales tax and marijuana tax reporting and payments.

The latest news from Terra Tech is the Grand Opening of its medical cannabis dispensary located at 1921 Western Avenue in Las Vegas, Nevada 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.

Western Las Vegas is the first of four retail medical cannabis dispensaries slated to open in Nevada in 2016. Three of those, operating under the store name Blüm, will be in Southern Nevada, on Western Avenue, Desert Inn Road near the Las Vegas Convention Center, and Decatur Boulevard. The fourth is to be located in Reno, in Northwest Nevada. All locations are expected to open in time to take advantage of the very active summer tourism season in Nevada.

Nevada is a key market for the cannabis industry as the state will recognize the medical status of non-residents. With 40 million tourist arrivals to Las Vegas each year and more than 30% of those coming from California where medical marijuana is legal, you have the potential for Las Vegas to become the “Amsterdam of America.” Furthermore, recreational marijuana use will be on the Nevada ballot box come November.

The key with TRTC is that its the only US-based, publicly-traded company that touches every aspect of the cannabis lifecycle—from cultivation, to extraction, to branding, and now, with the acquisition of Blum, to retail sale. Furthermore, typically retail outlets can pay up to $2,500 per pound of cannabis from cultivators and sell it for about $5,000 per pound. On-site cultivation reduces that cost to about $600-$800 per pound, while the company’s retail price will remain at industry levels and can be as high as $7,000 per pound, depending on the strain.

No other company in the marijuana industry is as primed to benefit from the coming tide of legislative changes that will transform the industry. We think 2016 will be a great year for the marijuana industry. The reason being is that the marijuana industry has a lot of tailwinds heading into 2016. Roughly 14 states could legalize marijuana this year, adult-use cannabis or possibly both, either at the ballot box or through state legislatures. While it’s doubtful all those states will be successful, there’s a good chance at least a handful will legalize in 2016. No other single year has offered such incredible promise in terms of the sheer volume of states that could legalize, thanks to other pioneering marijuana markets and growing support for cannabis in general.

TRTC is one of the most exciting names on the OTC markets. 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. 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!

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Disclosure: We have no position in TRTC and have not been compensated for this article.

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Terra Tech Corp (OTCMKTS:TRTC) On A Green Rush
3 Comments

3 Comments

  1. Moanist

    March 21, 2016 at 4:47 pm

    Lot’s of details about Anson Funds attack on TRTC in these investigative reports:
    https://ansonfundconspiracy.wordpress.com/

  2. Pingback: American Green Inc (OTCMKTS:ERBB) Banking On Green Rush 2.0 - Insider Financial - Stock Prices Now

  3. Moanist

    April 7, 2016 at 6:34 am

    So who are these paid stock manipulators that Canadian hedge fund Anson Funds hired?

    Here are just a few of them:

    Alex Klym = MonestHind = KindFinance = @orion_arm.

    Doc K = Jerold Kaminsky.

    LaughinPaulRyan = Norman Gates

    *********Lot’s of details in these investigative reports:
    https://ansonfundconspiracy.wordpress.com/

    ********Must read! https://ansonfundconspiracy.wordpress.com/

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