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| TRTC Signs Partnership to Develop First-Ever Nutritionally-Enhanced Lettuce Varieties |
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 Hot Stock to Watch |
Company: Terra Tech Corp. (OTCQX: TRTC)
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Last:
Price: 0.414
Change (%): + 0.024 (6.15)
Volume: 2,365,098 |
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Terra Tech's Subsidiary, Edible Garden, Signs Exclusive Agreement with Nutrasorb to Produce and Commercialize Nutrient-Rich Salad Blend
Partnership to develop first-ever nutritionally-enhanced lettuce varieties at Rutgers University
NEWPORT BEACH, Calif., April 14, 2016 /PRNewswire/ - Terra Tech Corp. (OTCQX: TRTC) (“Terra Tech”) or (the “Company”), today announced that its subsidiary, Edible Garden, a retail seller of locally grown hydroponic produce, herbs, and floral products, has signed an exclusive license agreement with Nutrasorb LLC, a spin-off of Rutgers University, to grow and commercialize nutritionally-enhanced lettuce varieties.
Under the terms of the agreement, Edible Garden has the right to grow and sell Green and Red Super Lettuce across the North American and European continents as well as Australia. The produce will be high in vitamins A & C, magnesium, iron and potassium contents. It will also have high levels of fiber and chlorogenic acid. These nutritionally-enhanced, proprietary Green and Red Lettuces were developed by scientists at Rutgers University following years of intensive research.
Derek Peterson, CEO of Terra Tech, stated: “Edible Garden’s growth objectives for 2016 include expanding its offering of non-GMO plants. This agreement allows us to grow the first ever nutrient rich super blend of lettuce. One serving of lettuce contains 2.5x as many antioxidants as blueberries, helping to maintain metabolic health and wellness. This lettuce super blend will be grown 100% naturally and will be non-GMO Project verified. We are excited about this partnership and extremely pleased that Nutrasorb and Rutgers scientists have chosen to work with Edible Garden on this project.”
Ken VandeVrede, Chief Operating Officer at Terra Tech, also commented, “All produce will be cultivated to be rich in antioxidants and vitamins and locally grown in a controlled greenhouse environment. These remarkable vegetables are designed to meet consumer demand for extremely nutritious, all-natural produce and, due to the science behind them, have the potential to have a transformational effect on the lettuce industry. Producing nutritionally-enhanced, non-GMO leafy vegetables differentiates us from our competition and emphasizes our credentials as leaders in the healthy living industry. Furthermore, having an international license to grow and sell this produce opens up a global market and maximizes the revenue opportunity.”
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