TerraTech Corp. (OTCBB:TRTC) Spikes Stronger on Partnership News
While other marijuana stocks floundered, TerraTech Corp. (OTCBB:TRTC) is making a stronger case for itself in the past week. Despite the setbacks, the general trend remains positive, and Tuesday came with a strong gain of more than 35% to $0.5416, on buying volumes of $5.7 million, a weekly peak. Again, TRTC moves in unison with GreenGro Technoloies, Inc. (OTCMKTS:GRNH), in a similar price range, as both selections see high publicity and investors’ loyalty. Now, GRNH is back to the 60-cent range after adding 38%. 
As usual, TRTC is not supported by a new promotion, but enjoys strong momentum in both volumes and price gains. Also, the stock is propped by a long series of PR messages, promising an expansion of its activity. Pot stocks that rise on their own are one thing, a quick gaining opportunity. But there is another story unfolding- that of partnerships, that may work out and solidify the scattered business models into a working mechanism for the cannabis distribution in more and more states as legislation expands.
The latest news is that TRTC is agreeing to a partnership with Inergetics, Inc. (OTCMKTS:NRTI) to combine the growers’ capacity with the food supplement technology of NRTI. The aim is to realize a medical cannabis product in an easily applicable pill form.
In fact, TRTC is so famous that its name and ticker was used in a false press release, from a company named LiveWire Ergogenics Inc. TRTC claims that the release falsely used the names of Eric Krogius and Robert Drust as Co-Founders of Terra Tech Corp. where the names had nothing to do with the business, and were merely investors in the company.
The good news is that TRTC is one of the tickers that reacts positively to any news of expansion, and the negative comments have less of an effect on stock prices. Still, the rise of TRTC is much dependent on publicity, and there is the danger of lagging when news are scarce.
TRTC combines a conventional hydroponics business through its Edible Garden brand, and through Grow Op Technology, Ltd aims to take a piece of the cannabis market. Now, TRTC is sending away the occasional press release that it would be applying for grower’s licenses in the states where this is allowed, as well as choosing sites for its operations. In time, we will have to wait and see how this translates into a positive bottom line.
TRTC is indeed highly publicized, but also shows better quality and opportunities than other hot cannabis stocks. Still, at the peak of a trend another correction is not excluded, so it is best to estimate the capacity to absorb losses, if the expected upward run stalls or reverses.
