Terra Tech Corp. (OTCMKTS:TRTC) Picks Up Steam

After trading with small percentile movement for a number of sessions despite dropping what should be exciting news, on Friday Terra Tech Corp. (OTCMKTS:TRTC) finally shifted in higher gear and closed 12% green. Share volume was relatively heavy, well above the average, at 2.4 million shares changing hands.

The company completed the second step towards obtaining its Las Vegas dispensary license for its proposed location on Western Avenue. On October 29 the city council of Las Vegas approved the specific use permit and the compliance permits of TRTC‘s Medifarm. Today, November 3, the company expects to get its provisional registration. Obtaining this will mean that TRTC will be a single step away from completing the permits and approvals race, with just the final review left.

Last Thursday the news of getting the city council to approve the special use and compliance permits did not cause much of a stir in TRTC‘s share price but it seems excitement is building up ahead of today’s provisional registration process.

The company’s next quarterly report is just around the corner, with roughly 10 days left until it’s filed. This will show whether TRTC will maintain its strong Q2 performance in terms of revenues and whether it will manage to start improving its margins as a first step to profitability.

There is no date announced for the final review process for TRTC‘s dispensary but as that date arrived, the price will likely react once again, as it had in the past, a little ahead of the actual events that could trigger a run.