Terra Tech Corp. (OTCMKTS:TRTC) Pops on Fresh Walmart News

After a disappointing streak that had pressed Terra Tech Corp. (OTCMKTS:TRTC)’s share price to a new 52-week low, yesterday the stock caught a much-needed break. TRTC closed 14% up, stopping at $0.187 by the bell, after 2.1 million shares changed hands.

The news that helped prop the price up was not connected with TRTC‘s marijuana operations but instead with the company’s Edible Garden subsidiary. After announcing that Edible Garden produce will be available in select Walmart locations in June 2014, TRTC now disclosed that the deal with Walmart has been expanded. While the 2014 deal involved Edible Garden shipping produce to a total of 75 stores, an additional 4 new Walmart centers will now distribute Edible Garden fresh leafy greens to an extra 75 stores each.

This extension and expansion of the contract was due to the consistent quality delivered by TRTC‘s subsidiary. The news was a much-needed breath of fresh air for the company. The first of the new orders will be delivered in May. This would hopefully allow TRTC to turn the Edible Garden venture cash flow positive in the second quarter, as an 8-K from April 1 promises.

TRTC just dropped a new press release concerning its IVXX product line. In short, IVXX is now sold in another dispensary located in downtown Los Angeles. While the news of the Walmart expansion did appear significant, considering Edible Garden has so far been TRTC‘s only substantial revenue engine, providing blow-by-blow updates about every single new dispensary that starts selling IVXX may feel feel a little like fluff to some.