Terra Tech Corp (OTCMKTS:TRTC) Stabilizes

As a recent red streak came to an end, Terra Tech Corp (OTCMKTS:TRTC) managed another decent green close yesterday. The share price stopped 5.6% in the green on Tuesday, at $0.105 per share. The move was likely assisted by a new interview with CEO Derek Peterson that went live yesterday.

The interview did not shed light on any groundbreaking news but was nonetheless a nice, concise update on TRTC‘s activities and plans, with a few nice little details peppered throughout. The interview’s focus was, as expected, TRTC‘s IVXX brand expansion into as many as 60 new retail locations, as announced last week. The legislative bills that will enable TRTC to operate IVXX as a for-profit entity were also mentioned, even though this is an event that will take place a little further down the road.

Peterson managed to present the delayed opening of TRTC‘s dispensaries in Nevada in a positive light, with the later opening giving the company an opportunity to have a number of established suppliers and cultivators who set up shop earlier and are already up and running.

A curious thing which we found out for the first time was the announcement that TRTC is also working on its marijuana application in the state of Maryland.

Peterson once again reassured investors that the company is not pressed for cash at the moment and has enough money to finish its location buildouts in Nevada. Unlike some other OTC companies, Peterson spoke of working towards uplisting to a mode “established” exchange, without dropping the word NASDAQ anywhere in his sentences.

With TRTC seemingly stabilizing around $0.10 per share, it seems the waiting game is on once more. The company’s Q3 report is due in less than a month. This seems to be the nearest significant event that could trigger a bigger price move, with dispensary openings pushed to Q1 of 2016.