Terra Tech Corp is one of the agricultural companies in the US that are now exploring the marijuana space. Though the company has been developing controlled cultivation products since 2012, its foray into the cannabis industry began only in early 2014.
Incorporated in 2008, Terra Tech started out as Private Secretary, Inc, a company that provided VoIP software products. It left the software industry in 2012, following a merger with GrowOp Technology, Ltd. This then led to the company becoming Terra Tech Corp.
Terra Tech is now traded in the OTC markets as TRTC. It has a market cap of USD 68.26 M.
The company has a wide variety of technologies for indoor and outdoor farming, such as lighting, environmental controllers, hydroponic trailers, and even plant nutrients. Terra Tech itself designs these products with proprietary technology and in partnership with commercial companies and clients. In addition, GrowOp Technology, now a wholly owned subsidiary of Terra Tech, designs and manufactures horticulture equipment for retail.
Among Terra Tech’s prime products are its portable hydroponic trailers. The company touts them as “the most advanced mobile controlled agricultural facilities”, and produces them in the Big Bud and the Little Bud types.
For its entry to the medical cannabis industry at the start of 2014, Terra Tech applied to operate a licensed marijuana cultivation facility and dispensary in Nevada. It is the first publicly traded US company to do so. It has also formed a medical cannabis subsidiary named Medifarm LLC.
The top executive at Terra Tech Corp is Founder, Chairman, CEO, and President Derek A. Peterson. Alongside him are CFO Michael C. James; Secretary, Treasurer, and Director Amy Almsteier; and Co-founders Eric Kroguis and Robert Drust.
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