Terra Tech Corp (OTCMKTS:TRTC) has invited investors to participate at the Virtual Investor Conference that will be spearheaded by Derek Peterson, Terra Tech CEO, on Thursday.
Virtual Investor Conference
The Virtual Investor Conference of Terra Tech is a real-time, interactive, online event that will enable investors to ask questions and navigate the virtual trade booth. The company urges interested investors to check for event updates every now and then to avoid inconveniences during the event proper.
Those who will not be available to participate on Thursday will still have the chance to access an online archive of the Virtual Investor Conference, which will be available on-demand for 90 days.
US Pot Industry Growth
With the approval of recreational marijuana in California, Maine, Massachusetts, and Nevada, and medical marijuana in North Dakota, Florida, and Arkansas, many investors have become more interested in the marijuana industry.
“With plans to expand Terra Tech’s footprint in 2017, we are extremely excited about all the future opportunities we can see in this rapidly growing market,” boasted Peterson.
With Terra Tech being one of today’s biggest players in the US cannabis industry, it is well-positioned to the advantage of the heightened demand in the local market, especially in California and Nevada. For example, the company has opened a new California-based dispensary earlier this year, followed by two more dispensaries in Nevada.
Citing the turnout of the recent November ballots, Peterson believes that the US is gradually becoming affirmative of cannabis regulation especially for medical purposes. He is also confident that the national pot industry will receive a much-needed support from President-elect Donald Trump, who has always maintained that legalization of cannabis— be it medical or recreational— must rest upon state legislations.
Q3 Financial Results
For the third quarter, Terra Tech had a revenue of roughly $7 million, up by 244% year-over-year from $2 million.
The company’s Selling, General, and Administrative (SG&A) expenses had surged 104% year-over-year to about $6 million from $2.10 million. Operating loss had come in at $4.70 million, up year-over-year from $1.70 million.
On Monday morning, Terra Tech is trading at $0.36.