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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IRVINE, CA / ACCESSWIRE / March 19, 2019 / Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech") or (the "Company"), a vertically integrated cannabis-focused agriculture company, today announced that the City Council of San Leandro, CA voted last night to approve an ordinance for adult-use cannabis sales in the City of San Leandro. The Company currently operates the only licensed medical cannabis dispensary open in the City at 1915 Fairway Drive San Leandro, CA, 94577. Terra Tech's Blüm San Leandro dispensary has seen consistent medical foot traffic and a significant number of adult users, over 200 a week on average, have been turned away since the medical facility opened its doors on January 11, 2019.
Cannabis-focused agriculture firm Terra Tech Corp. (OTCQX: TRTC) published a letter sent to shareholders written by CEO Derek Peterson, focusing on California for further expansion following a restructuring. According to the letter, 2018 was a challenging year for the company and but management has developed a strategy to improve the company’s performance this year. "We are […]The post Terra Tech Focusing on California for Further Expansion appeared first on Market Exclusive.
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IRVINE, CA / ACCESSWIRE / March 15, 2019 / Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech" or the "Company"), a vertically integrated cannabis-focused agriculture company, today issued a letter to shareholders from its Chairman and CEO, Derek Peterson. In all candor, let me open by saying that 2018 was a challenging year for the Company. Most impactful is that the Company had limited IVXX® wholesale revenue throughout the year and most of the sales came through our Blüm™ retail stores.