In last trading session, the shares of Terra Tech Corp (OTCMKTS:TRTC) surged 0.83% to close the day at $0.484. The gains came at a share volume of 6.14 million compared to average share volume of 13.46 million.
The buzz
Terra Tech stated that its subsidiary firm, Edible Garden, has completed an exclusive license transaction with Nutrasorb LLC, to produce and market nutritionally-supported lettuce varieties. As per the agreement, Edible Garden will enjoy the right to produce and offer Super Lettuce varieties across different regions including Australia, the North American and European continents.
The produce is proposed to be rich in iron, vitamins C and A, potassium and magnesium contents. It will constitute high amount of chlorogenic acid and fiber. The unique nutritionally-improved, Lettuces were formulated by scientists after years of intensive research.
The management view
Expressing his views on the latest development, the CEO of Terra Tech Mr. Derek Peterson stated that expanding the product types of non-GMO produce remains one of the main objectives of the company. The recent deal allows Terra Tech to produce the first ever nutritionally improved blend of lettuce. For record, the single serving of nutritious lettuce has almost 2.5 times antioxidants that improve in keeping metabolic health and wellness.
Terra Tech’s subsidiary plans to produce lettuce super blend naturally. The company is delighted about this deal and thrilled that Rutgers and Nutrasorb scientists are involved with firm’s subsidiary firm on this key project.
The plans
Ken VandeVrede, who is the COO at Terra Tech, reported that all lettuce produce will be vitamins and antioxidants rich and locally produced in a controlled greenhouse environment. These new nutritionally improved products will fulfill increased demand for all-natural and nutritious products. Following this technology, the firm has the potential to create in a big difference on the lettuce industry.
