Terra Tech Corp. (OTCMKTS:TRTC) Slips On Heavy Volume

[[tagnumber 0]][[tagnumber 1]]After declining through the first half of October, Terra Tech Corp. (OTCMKTS:TRTC) began to ascend the charts and with a little hesitation managed to gain around 100% by the first session of this month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One thing that fueled the run was the optimism that was coming from the press releases that the company was making. The other thing that was driving [[tagnumber 6]]TRTC[[tagnumber 7]], as well as most of the stocks in the sector were the November 4 elections for the legalization of marijuana in several states.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The elections went well in Washington D.C., Alaska and Oregon and these states will be legalizing the recreational use of marijuana. Things weren’t so good in Florida, where the medical marijuana Amendment 2 was narrowly rejected after it managed to receive more than 50% of the vote, but wasn’t able to reach the 60% it needed to pass.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, despite the positive results of the vote almost all medical marijuana related tickers are on a strong slide today. We may very well see [[tagnumber 6]]TRTC’s [[tagnumber 7]]market cap significantly reduced by the end of the session, but the company remains one of the more stable when it comes to financials.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Here are the numbers of prime interest contained in [[tagnumber 6]]TRTC’s [[tagnumber 7]]balance sheet from the report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 27]] [[tagnumber 28]]cash: $2.67 million[[tagnumber 29]] [[tagnumber 28]]current assets: $3.74 million[[tagnumber 29]] [[tagnumber 28]]total assets: $8.87 million[[tagnumber 29]] [[tagnumber 28]]current liabilities: $7.14 million[[tagnumber 29]] [[tagnumber 28]]quarterly revenues: $3.71 million[[tagnumber 29]] [[tagnumber 28]]quarterly net loss: $4.55 million[[tagnumber 29]] [[tagnumber 40]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These numbers and the positive news about the licenses from yesterday, which we commented in our previous article, weren’t enough to stop [[tagnumber 6]]TRTC [[tagnumber 7]]from sliding. The ticker lost 4.04% of its value in yesterday’s session on the biggest volume it has seen since June, generating a hefty $4.52 million in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The situation in the medical marijuana industry is expected to be quite intense and volatile so be sure to do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]