Todor Pichurov

Terra Tech Corp. (OTCMKTS:TRTC) Drops on 420

by Todor Pichurov April 21, 2015

Admittedly, it was not just Terra Tech Corp. (OTCMKTS:TRTC, TRTC message board) who missed the 4/20 hype train this year. Virtually the entire bunch of marijuana stocks either barely scratched their way up the charts or closed red, with one exception. TRTC was among those who ended the session in the red. The company's stock dropped 2.7%, down to a close of $0.19 per share.

The company last announced the availability of its IVXX (pronounced four-twenty) brand of products in a new dispensary in California on April 13. The news had little effect on the price. The market seems to have developed a certain excitement resistance not just to news coming from TRTC but from all pot stocks in general.

TRTC's annual report published on March 27 gave little reason for excitement too. Here is the brief rundown of the balance sheet:

  • $846 thousand in cash
  • $6.4 million in current liabilities
  • $7 million in annual revenues
  • $22 million in annual net loss

The fact that TRTC managed to reach its April 2014 projections of $7 million in annual revenues is commendable and shows that operations are indeed ramping up, but this is still Edible Gardens and not marijuana revenue and it's still nearly completely wiped by costs. The $7 million resulted in just $152 thousand in gross profit and that was completely demolished by a whopping $18 million in selling, general and administrative expenses.

The first of the company's pot locations in Nevada are expected to open their doors in the summer of 2015, with dispensaries to come first, followed by cultivation and growing facilities expected by Q4 of this year. Traders eager to see how well IVXX is doing in terms of revenues will have to wait a while since IVXX products were first announced to be on shelves on March 12, just ahead of the end of Q1, so the report due in mid-May will not be indicative.

Comments 66

1. Guest
March 10, 2016, 07:28AM

Quotes TRTC BlumOak Deal Scam !!
See Here : de.advfn.com/forum/advfn/17106380
.

2. Guest
March 08, 2016, 08:28AM

Quotes There are so many Anson Pump Liars on the Boards.
Funny how Many just refuse the Reality instead.

3. Guest
March 06, 2016, 01:15AM

Quotes TRTC = Scam !

See Here : de.advfn.com/forum/advfn/17091984

Happy TRTC Investing ?

4. Guest
May 22, 2015, 02:52PM

Quotes KNOWN INVESTORSHUB (iHUB) TROLLS

MonestHind iHub Post History: investorshub.advfn.com/boards/Profile.aspx?user=380641

Doc K iHub Post History: investorshub.advfn.com/boards/Profile.aspx?user=329559

TKane iHub Post History: investorshub.advfn.com/boards/Profile.aspx?user=438050

5. Guest
May 22, 2015, 02:39PM

Quotes If you seek the truth about MonestHind, Anson Fund, and their shorting of @TerraTechCorp and other U.S. stocks go to ansonfundconspiracy.wordpress.com

6. Guest
May 21, 2015, 02:13PM

Quotes TRTC CEO Derek Peterson on 2015 Q1 Report


Key developments in the quarter

-IVXX produced and shipped concentrates in the first quarter of 2015.

-IVXX premium cannabis concentrates were distributed to multiple medical marijuana dispensaries throughout the California market.

-Edible Garden expanded their Walmart footprint.

-The company launched a new website IVXX.com to support their new cannabis brand.

-MediFarm began the process of developing their architectural and building plans needed to begin construction.

-MediFarm submitted and has received preliminary approval for business licensing in the City of Las Vegas, City of Reno as well as Washoe County.

-MediFarm worked closely with the State of Nevada's Division of Health and Public Safety to ensure that all owners, directors and employees will receive their required state agent registration cards which are necessary to operate.

7. Guest
May 20, 2015, 10:12PM

Quotes At New SEC 10-Q of May 15, 2015

$ 950 increase in Revenue for EG for Q1 2015 over Q1 2014,
and Net Loss for EG Increased....Even With "Better Margins"

From 2014 about 500 Stores increased to over 1000 as
they say including WalMart and then This Result Only !

Cost of goods sold decreased $ 200k for EG but SG&A
Expenses increased by approx same amount.

At IVXX Products TRTC Has No Profit From, But
Expenses and even further Stock Dilutions Only !

TRTC Simply Useless ! ! !

The General TRTC Investors Abuse Situation !!
See Here : de.advfn.com/forum/advfn/16010427/1
.

8. Guest
May 20, 2015, 06:57PM

Quotes Google "MonestHind" you'll find that this clown is nothing, but a troll trying to manipulate conversation and short stocks.

One Word Summary:LOSER

If you want answers on who this guy is (Monest/LaughinPaulRyan), then just visit ansonfundconspiracy.wordpress.com











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9. Guest
May 19, 2015, 09:48PM

Quotes At New SEC 10-Q of May 15, 2015

$ 950 increase in Revenue for EG for Q1 2015 over Q1 2014,
and Net Loss for EG Increased....Even With "Better Margins"

From 2014 about 500 Stores increased to over 1000 as
they say including WalMart and then This Result Only !

Cost of goods sold decreased $ 200k for EG but SG&A
Expenses increased by approx same amount.

At IVXX Products TRTC Has No Profit From, But
Expenses and even further Stock Dilutions Only !

TRTC Simply Useless ! ! !

The General TRTC Investors Abuse Situation !!
See Here : de.advfn.com/forum/advfn/16010427/1
.

10. Guest
May 18, 2015, 01:42PM

Quotes Google "MonestHind" you'll find that this clown is nothing, but a troll trying to manipulate conversation and short stocks.

One Word Summary: LOSER

If you want answers on who this guy is (Monest/LaughinPaulRyan), then just visit ansonfundconspiracy.wordpress.com











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11. Guest
May 16, 2015, 05:58PM

Quotes At New SEC 10-Q of May 15, 2015

$ 950 increase in Revenue for EG for Q1 2015 over Q1 2014,
and Net Loss for EG Increased....Even With "Better Margins"

From 2014 about 500 Stores increased to over 1000 as
they say including WalMart and then This Result Only !

Cost of goods sold decreased $ 200k for EG but SG&A
Expenses increased by approx same amount.

At IVXX Products TRTC Has No Profit From, But
Expenses and even further Stock Dilutions Only !

TRTC Simply Useless ! ! !

The General TRTC Investors Abuse Situation !!
See Here : de.advfn.com/forum/advfn/16010427/1
.

12. Guest
May 13, 2015, 01:13PM

Quotes Salwa meets with Rand. Onkel meets with himself. Investors know the TRUTH. TRTC is the real thing.

Salwa Ibrahim of Blum/TRTC Talks with US Senator Rand Paul.

Source: www.facebook.com/terratechcorp/photos/a.728113567239958.1073741826.284907041560615/945749018809744/?type=1&theater

13. Guest
May 13, 2015, 12:49PM

Quotes TRTC The None Profit Investors Joke !!

See Here : de.advfn.com/forum/advfn/16234533/1
.

14. Guest
May 12, 2015, 12:42PM

Quotes Salwa Ibrahim of Blum/TRTC Talks with US Senator Rand Paul.

Source: www.facebook.com/terratechcorp/photos/a.728113567239958.1073741826.284907041560615/945749018809744/?type=1&theater















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15. Guest
May 12, 2015, 12:31PM

Quotes TRTC The None Profit Investors Joke !!

See Here : de.advfn.com/forum/advfn/16234533/1
.

16. Guest
May 12, 2015, 12:19PM

Quotes Maybe by Books Cooking Q2 EG Plus-Black by $ 5, LOL!

17. Guest
May 12, 2015, 12:03PM

Quotes There is no Q2 EG Black, just pump BS!
By the usual Gross Losses.

18. Guest
May 12, 2015, 09:32AM

Quotes Derek Oppedisano Mafiosi Scammer Like To Attack Posters - LOLOL!
Google Domenico Oppedisano for his relative in Calabria.
( Presently Peterson ) The Pumpers Try Everything.

19. Guest
May 12, 2015, 09:09AM

Quotes Terra Tech Responds To Short + Distort Scammers: ..
1. NV is delayed.. This a good reason to buy money not needed for 12 months , thus less financing.
2. New PIPE financing ... For what?? Pipe financing will cease
3. NY non profit attempt will cost millions for a chance... Remote chance in 5 licenses to to be given. One license will be fine
4. Loosing more money every quarter. EG black since Q2
5. Q1 will be horrible again when they post it Friday after hours. Q1 is history Buy now as bottom is in
6. CA operations can not go to the bottom line.... Just in DP's pockets... IVXX is an asset and will cause share price to increase
7. The sector sucks currently. not related to TRTC
8. TRTC has plummeted 80%.... We are talking about future not past
9. TRTC continues to be red day after day..share price as stablized at .19.
10. Nothing happening for at least a year at a minimum... For TRTC!!!! wrong IVXX is on fire min 200k comin in per quarter per dispensary( we have 12 now)

20. Guest
May 12, 2015, 12:46AM

Quotes TRTC The None Profit Investors Joke !!

See Here : de.advfn.com/forum/advfn/16234533/1
.

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