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| Terra Tech Releases Full Year 2016 Revenue Guidance |
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 Hot Stock to Watch |
Company: Terra Tech Corp. (OTCQX: TRTC)
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Last:
Price: 0.145
Change (%): - 0.005 (3.33)
Volume: 3,165,657 |
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Terra Tech Releases Full Year 2016 Revenue Guidance
NEWPORT BEACH, Calif., Jan. 22, 2016 /PRNewswire/ - Terra Tech Corp. (OTCQX: TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced revenue guidance of 20 - 22 million dollars for the full year 2016. The predicted increase in year-over-year revenue is expected to be driven largely by sales from the Company’s latest acquisition, Blum Oakland, an established, retail medical cannabis dispensary in Oakland, CA, as well as continued growth of the IVXX brand throughout the California and Nevada markets.
Derek Peterson, CEO of Terra Tech, commented, “Throughout 2015 we made significant headway building our reputation in the industry and implementing our growth initiatives. In particular, we are pleased with the progress we have made transitioning into a leading supplier of medical marijuana through building our retail networks, pursuing various medical cannabis operational certificates and rolling out the IVXX brand.”
Mr. Peterson continued, “We are greatly encouraged by the ongoing changes in public policy, including California’s recently enacted Marijuana Regulation and Safety Act, which will help increase our total addressable market. As we enter 2016, we aim to pursue an aggressive M&A strategy to scale the business and enhance our offering. Our focus is on expanding and fully integrating our capabilities in cultivation, extraction, branding and retail so that we are recognized as experts at every stage of the cannabis lifecycle. The progress we have made to date will enable us to move forward with ramping up our operations, monetizing our products and ultimately bringing value to shareholders.”
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