Terra Tech Corp. (OTCBB:TRTC) Awaits Results, but Steps Back
Terra Tech Corp. (OTCBB:TRTC) has taken breathers before, so it is no wonder that it slid back from the peak on a day generally weak for marijuana stocks. TRTC slid down more than 11% to $1.24, on selling volumes above $17 million. This makes the ticker among the bigger losers of the Marijuana index, which had few winners on Thursday. 
And TRTC does not even need to fabricate its own publicity- by now, mainstream news sources such as Bloomberg took notice that TRTC is an experienced greenhouse company, and could take a pivotal role as the demand for recreational or medical cannabis expands. TRTC has the potential to benefit from almost all mainstream mentions of marijuana, whether related to the business or the regulation side of the matter.
Now, the big news for TRTC would be the next bout of earnings results, and the expectations of investors may bring up the stock price to new heights, with $2 a reachable target. Also, the structure and experience of TRTC seem much better compared to the other numerous opportunities for exposure to the MMJ sector. In all, this ticker remains a powerhouse, though not without the risk of setbacks, if the sector as a whole starts losing its bubble features.
TRTC, as other similar offers, is also not yet a truly MMJ company- its past quarters rely on other produce to prop up the bottom line. For now, perhaps the only direct revenues should come from dispensaries, and TRTC for now is only in the partnership stage of offering medical cannabis.
Recently, TRTC received a recommendation from Seeking Alpha, deeming it worthy of “microcap speculative investment”, meaning that the waters are less murky, the company is actively communicating its clear goals, and it has access to financing for its expansion. Still, while not resembling a mere flash-in-the-pan MMJ stock, TRTC hides enough risks, mostly due to its over-inflated price range. What helps TRTC is that differently from cheaper selections, it is not flipped and traded actively, despite the positive days, and so enjoys stability on good daily volumes.
One of the latest PR messages sees TRTC unite forces with Inergetics, Inc. (OTCMKTS:NRTI), a producer of nutritional supplements. The graph of NRTI is a strange recall of the climb of TRTC, though at a lower range. NRTI recently tried to reach $0.30, but after Thursday also proved shaky, is now at around $0.25.
A similar story unrolls for Creative Edge Nutrition, Inc. (OTCMKTS:FITX), which still hangs at around $0.08. This ticker also had its best days in February, and is now sinking lower, though more slowly.
If you like any of the more secure-looking selections, investing in the MMJ sector still remains highly risky, with risks and downward pressures appearing even for the most stable stocks. The general rise in pot stocks was fast and enthusiastic, so stay away, unless you can afford a return to a more balanced picture.
