Terra Tech Corp. (OTCMKTS:TRTC) Jumps on Media Attention

Terra Tech Corp. (OTCMKTS:TRTC) has been in a state of decline since we last checked on it. The ticker’s descending pattern changed drastically yesterday, when it was swept up by yet another media-generated hype-driven surge.

Lately pot-stock investors have had the chance to experience an interesting phenomenon. As the hype around marijuana legalization slowly cools off, the marijuana rush seems to be losing momentum. Last week saw very few inexplicable jumps and crashes in the sector – all in all it appears that the market is losing some of its volatility. Presently, it takes a significant amount of media attention to get investors hyped up enough to push the descending tickers of controversial companies upwards. Luckily for TRTC, the company managed to get it.

On Thursday TRTC finally managed to make a recovery from its lasting descent. The rise that took it back up to $0.561 was mostly made possible by the extensive coverage on marijuana provided by The Street. The interview with Congressman Earl Blumenauer certainly threw some light on the current marijuana situation, and his announcement that “money is a big motivation for Washington to act” is certainly a reason for enthusiasm among pot-stock investors.

These developments don’t mean that investors can stop being vigilant, however. Far from it – things may be moving along in the pot-stock sector, but it should be noted that the financial results of the February marijuana rush are yet to be reported. Small-time retailers certainly managed to profit immensely during the first months of legal sales, but can the same be said for marijuana corporations, such as TRTC?

All of TRTC‘s announcements to date are full of hopeful, yet vague, planning and encouraging commentary that doesn’t elaborate on the company’s commercial success or lack thereof. TRTC‘s annual financial report for 2013 is also yet to be filed. When it becomes public, it will provide valuable insight on the resources TRTC had at its disposal when the rush began – what the company had on hand to begin with, the assets it could have utilized to work on its projects. If said report’s figures are as unimpressive as those contained in TRTC‘s last 10-Q, investors may have some serious cause for alarm.

Another marijuana stock that jumped yesterday is Creative Edge Nutrition Inc. (OTCMKTS:FITX), who managed to rise 10.52%.