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Terra Tech Corp (OTCMKTS:TRTC) Is Never Out Of Focus

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Terra Tech Corp

In the last trading session, the stock price of Terra Tech Corp (OTCMKTS:TRTC) jumped more than 7% to close the day at $0.368. The gains came at a share volume of 33.45 million compared to average share volume of 9.67 million. Despite the gains in yesterday’s trading session, the stock is down over 4% so far in this year. Post the recent decline, the market cap of firm was noted at $315.1 million.

The buzz

Terra Tech received Temporary Authorization to supply and retail cannabis in the State of California. It projects to receive authorizations to manufacture and cultivate cannabis for state’s adult-use and medical markets, starting January 1, 2018. Terra Tech plans to launch adult-use cannabis sales in the state immediately via its Blüm retail dispensaries sited in Oakland and Santa Ana.

Derek Peterson, the CEO of Terra Tech, reported that California boasts the oldest medicinal cannabis program in the country and is the most populous state in America. The latest license for adult-use allows them to significantly expand their prospective client base in California beyond the medicinal segment.

Terra Tech is one of few organizations that has been granted adult-use license very much in time for the set January 1 start date. They believe this primary mover advantage will enable them to grow their brand and record traction with new clients in what is projected to be the country’s leading cannabis market. In the past numerous months, they have worked diligently to grow both their cultivation facilities and retail presence to prepare for this thrilling opportunity and they look forward to capitalizing on their progress to enhance value for shareholders and grow sales.

Once issued Temporary Authorization to start adult cannabis and medical retail sales, cultivation, distribution and manufacturing will stand valid for 120 days. However, it may also be extended for another 90 days.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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