Terra Tech Corp (OTCMKTS:TRTC) Pulls Ahead on PR

In yesterday’s market session Terra Tech Corp (OTCMKTS:TRTC) managed to put on 3.99% and climb up to $0.12 per share once more. The stock caught a nice little boost from a press release it put up in the morning hours.

Terra Tech informed shareholders that yet another bunch of California retailers now carry and sell IVXX products. This time it was seven new dispensaries and cannabis collectives that joined the growing list of locations where customers can buy IVXX.

The company put up many similar news updates in the past and their positive effect on the stock’s price ranged from very modest to none. This time it can be assumed that the green close was in part due to the news, because the other recent events over at TRTC have not been so rosy.

On Friday and Monday there came two separate Form 4 filings submitted by TRTC secretary and treasurer, Mrs. Amy Almeister, who is also the spouse of CEO Derek Peterson. Mrs. Almeister sold a total of 600,000 TRTC shares on the open market. Before the transactions she had 2.29 million TRTC shares and 1.84 million after them.

Insider selling is never a good thing, especially when an insider cashes out nearly a quarter of the common stock they hold. The market did not react too violently to the two Form 4 filings, with TRTC dropping 4% and 7% as the reports went up.

The latest IVXX-related PR informs that there has been a “significant increase” in the number of retailers who sell IVXX in Q3. This is indeed good news, as even though IVXX was introduced in a large number of dispensaries in Q2 as well, the total revenue generated by TRTC‘s cannabis division amounted to $432 thousand for the first six months of 2015.