Terra Tech Corp (OTCMKTS:TRTC) Is a Roller Coaster Ride
Yesterday brought more red chart action for Terra Tech Corp (OTCMKTS:TRTC) shareholders. The ticker slid in double digits once again and wiped another portion of the gains accumulated during the recent six-day rally. The price slipped 16% and stopped at $0.126 per share by the bell.
The stock’s chart movement has turned into a bit of a roller coaster once again. The juicy bounce from TRTC‘s 52-week lows at $0.083 a couple of weeks ago caused a good deal of excitement, especially when the company backed the climb up with a quick succession of press announcements.
The one that should probably excite investors the most was the announcement of Edible Garden expanding into over 180 new retail locations. The leafy greens business is still the main revenue generator for Terra Tech and until the company’s new IVXX product line has proven it can generate sizable revenues and TRTC launches its in-development dispensary, cultivation and production facilities in Nevada, it might be wise to keep Edible Garden as healthy as possible.
Just how well IVXX is doing, revenue-wise, will become apparent in another week, when TRTC‘s quarterly report is due. Q2 revenues should see a sizable boost on a YoY basis, considering TRTC has been putting up an endless stream of news, informing of ever newer dispensaries that sell IVXX products.
The company’s first dispensary in Nevada is expected to open its doors in October 2015. Failing this and pushing the opening date further in time once again, after postponing it once from “summer 2015” to October, may sting.
