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Author: Subject: A Marijuana Stock To Watch

Sublime Peach





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  posted on 3/25/2016 at 11:57 AM
I don't often post financial stuff here but wanted to share this with my Peachhead friends.

If you've got $300 lying around, you might want to nab 1,000 shares of Terra Tech, ticker symbol TRTC.

It started this week at 21 cents per share. Today it's at 32 cents. That's QUITE a one week jump, needless to say.


Terra Tech makes agricultural products, specifically with cannabis in mind. They also make manufacture non-cannabis edibles like lettuce, etc. Their subsidiary, Edible Garden, just obtained a USDA Certified Organic certification, a Non-GMO Product Certification, and The Kosher Certification.

Terra Tech manufactures edible cannabis products such as chocolates. Within the last year they have moved their edible cannabis products into no less than 60 additional marijuana dispensaries in Southern California. Their first owned and operated marijuana dispensary in Las Vegas will have it's grand opening on April 20, 2016.

Need I say that there is some serious potential here? With marijuana laws loosening state by state............who knows where this may go, especially if marijuana is finally rescheduled out of it's current Schedule One status at the Federal level.

I started buying Terra Tech in 2014, bought 1,087 shares at .92 a share, cost me around $1,000. Bought 1,000 more at .54 a share. It dropped all the way to 10 cents per share just a few months ago but I never lost faith.............bought 3,000 more for $300. Now I own 5,000 shares and it's making a comeback.

Do some research, don't trust me, penny stocks are always risky. But I have a hunch about this one. Just think if it goes to even $5.00 per share, I've got $25,000, on an investment of just over $1,800. It's moving fast up the ladder so wanted to post this now.






[Edited on 3/28/2016 by robslob]

 

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Maximum Peach



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  posted on 3/25/2016 at 05:59 PM
Agreed there's huge potential. I am and have been an investor in a couple of them. I'm prohibited from disclosing which ones publicly, but I'm a fan. I would just say that one must beware of a few that are really not legitimate businesses and even with the ones that are, be in it for a long term investment.

 

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Zen Peach



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  posted on 3/27/2016 at 12:16 PM
Perhaps Brendan can shed the light on my concerns about OTC stocks of this type. When it's time to pull the trigger and cash in a big gainer, the sell order doesn't go through when you want it to. Any truth to this?
 

Universal Peach



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  posted on 3/27/2016 at 05:44 PM
Thanks for the heads up, Rob....Would love to hear the answer to Aloak's question too.
 

True Peach



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  posted on 3/27/2016 at 06:56 PM
quote:
Perhaps Brendan can shed the light on my concerns about OTC stocks of this type. When it's time to pull the trigger and cash in a big gainer, the sell order doesn't go through when you want it to. Any truth to this?

Liquidity is one risk with penny stocks. There are others. Generally these stocks should be considered speculations, not investments.

http://www.investopedia.com/articles/03/050803.asp

Not that there's anything wrong with dabbling in this market, but you really shouldn't put any money in that you are not willing to lose. It would be a bad idea to put your 401K into penny stocks. But if you have a few bucks to spare, have done your research, and truly believe you've identified a company that has an edge then go for it. No risk, no reward.

[Edited on 3/28/2016 by bob1954]

 

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Maximum Peach



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  posted on 3/27/2016 at 11:52 PM
I've made some money on penny stocks. Probably lost just as much. Usually I put in "stop" orders so if they do bleed I don't lose more than I can afford. There are plenty of speculative big board stocks that give me the same gambling action with less work than the penny stocks.

But every once in awhile I'll jump in and out on a penny stock.

 

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Maximum Peach



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  posted on 3/28/2016 at 08:44 AM
quote:
Perhaps Brendan can shed the light on my concerns about OTC stocks of this type. When it's time to pull the trigger and cash in a big gainer, the sell order doesn't go through when you want it to. Any truth to this?
It really all depends on what and who is standing behind the bid. If there's no size behind the bid (meaning the bid is only good for a very limited amount of shares) then the price can drop dramatically with very little downward pressure and you may not get your price. Conversely, there are penny stocks that have robust markets and can absorb downward pressure. It depends on how real the company is perceived and how strong the hands are that are holding it. One thing to look at when considering a micro cap stock is daily volume. Generally speaking, the more the better.

 

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Sublime Peach



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  posted on 3/28/2016 at 04:12 PM
Today TRTC is at .41 per share.

 

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True Peach



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  posted on 3/29/2016 at 12:10 PM
quote:
quote:
Perhaps Brendan can shed the light on my concerns about OTC stocks of this type. When it's time to pull the trigger and cash in a big gainer, the sell order doesn't go through when you want it to. Any truth to this?
It really all depends on what and who is standing behind the bid. If there's no size behind the bid (meaning the bid is only good for a very limited amount of shares) then the price can drop dramatically with very little downward pressure and you may not get your price. Conversely, there are penny stocks that have robust markets and can absorb downward pressure. It depends on how real the company is perceived and how strong the hands are that are holding it. One thing to look at when considering a micro cap stock is daily volume. Generally speaking, the more the better.

In other words never place a market order.

 

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Sublime Peach



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  posted on 3/30/2016 at 01:57 AM
On March 29, 2016, Terra Tech released a financial statement for the year ending December 31, 2015. Keep in mind that this is still not a profitable company, but that is why it's a penny stock. However, income vastly improved in the year 2015. For a complete financial statement, go to www.scottrade.com and do a search for TRTC. Here is the accompanying statement by CEO Derek Peterson:

"After a year of progress in the cannabis industry, including the implementation of California's Marijuana Regulation and Safety Act, we entered 2016 with continued optimism about what the future holds for Terra Tech," commented Derek Peterson, CEO of Terra Tech Corp. "During 2015 we took a number of important steps to position the Company for growth as the industry continues to reduce barriers to the supply of medical cannabis. In particular, we launched IVXX, our proprietary medical cannabis brand, which positions Terra Tech as a leading provider of high quality cannabis products and propelled us to the forefront of innovation in the industry. The launch of IVXX is particularly exciting for the Company given the rate of growth that we are seeing in the medical cannabis markets and the rapidly evolving regulatory landscape, which is becoming increasingly friendly to patients looking to alleviate their symptoms with responsible use of medical cannabis products. Although we are in the early days of marketing IVXX products, we are encouraged by the traction generated to date and are pleased to report that IVXX-branded products are now being sold in approximately 200 dispensaries across California and Nevada."

"We also recently announced the pending acquisition of Blum Oakland, a medical cannabis dispensary in California, which will expand our reach into retail. Now that we touch every phase in the cannabis life cycle we are confident that we have a strong platform to rapidly expand our commercialization efforts and establish the IVXX brand as a market leader. As part of our strategy to expand our retail presence, in 2015 we secured eight permits to open Blum cannabis dispensaries in Nevada, the first of which is due to open next month. By expanding into Nevada we are opening up our total addressable market significantly as Nevada is the only state to recognize the patient-status of non-residents."

"Edible Garden also saw improved results and its organic products are now sold in 1800 retailers across 18 states. We worked to expand our selection of organic produce during the year and to gain recognition as providers of high quality produce. We have been granted the Global Food Safety Initiative (GFSI) certification, among other certifications, as evidence of the quality of our products. Our initiatives to grow the Edible Garden business led to a 30% increase in sales in this segment, year over year."

"We intend to continue reinvesting in our business throughout 2016 to build out our retail presence and expand our proprietary line of cannabis products. We ended the year on with a strong financial position as revenues grew 41% year over year, driven by successes in both our Edible Garden and Cannabis Products segments. SG&A fell significantly compared to 2014 as we streamlined costs and improved efficiencies. Furthermore, our short-term debt fell significantly, from approximately $4.6 million at the end of 2014 to $917,000 on December 31, 2015. We are greatly encouraged by the achievements of 2015 which we believe provide a solid foundation from which to fuel future growth," concluded Mr. Peterson

 

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A Peach Supreme



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  posted on 3/30/2016 at 07:05 AM


As they say in Shark Tank, there is nothing here with this company that is patentable or very unique, other than the claim about IVXX. With so many strains its kind of like having a unique crossed tomato alongside the hundreds of other heirloom strains available. Whoopdee do....

Also, the organic foods sounds like a nice niche but nothing is preventing others like Whole Foods that are already in the market or anyone else selling edibles. They are one of many in the organic foods and edibles space.

The interesting thing is that they are entering the retail footprint but one dispensary is small.

For these reasons, I'm out but good luck with it.

 

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Sublime Peach



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  posted on 3/30/2016 at 10:17 AM
quote:
As they say in Shark Tank, there is nothing here with this company that is patentable or very unique, other than the claim about IVXX. With so many strains its kind of like having a unique crossed tomato alongside the hundreds of other heirloom strains available. Whoopdee do....

Also, the organic foods sounds like a nice niche but nothing is preventing others like Whole Foods that are already in the market or anyone else selling edibles. They are one of many in the organic foods and edibles space.

The interesting thing is that they are entering the retail footprint but one dispensary is small.

For these reasons, I'm out but good luck with it.


You make some good points. Then again, if you're going to be critical, you may want to get your facts straight:

quote:

The interesting thing is that they are entering the retail footprint but one dispensary is small.


quote:

As part of our strategy to expand our retail presence, in 2015 we secured eight permits to open Blum cannabis dispensaries in Nevada, the first of which is due to open next month.



ALSO:

quote:

Also, the organic foods sounds like a nice niche but nothing is preventing others like Whole Foods that are already in the market or anyone else selling edibles. They are one of many in the organic foods and edibles space.


Since when is a grocery store like Whole Foods licensed to sell marijuana edibles, even in the four states where marijuana is legal?

[Edited on 3/30/2016 by robslob]

 

____________________
Don't let the sounds of your own wheels

Drive you crazy

Lighten up while you still can

Don't even try to understand

Just find a place to take your stand

And TAKE IT EASY

 

Sublime Peach



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  posted on 4/8/2016 at 10:20 AM
NEWPORT BEACH, Calif., April 5, 2016 /PRNewswire/ -- Terra Tech Corp (OTCQX: TRTC) ("Terra Tech" or the "Company"), a vertically integrated, cannabis-focused agriculture company, today announced that it has launched a new line of pre-filled, IVXX-branded medical cannabis cartridges. An initial order for approximately $170,000, or 10,000 units, has been received from one of Terra Tech's distributors. This is the first of multiple cartridge lines, each containing varying percentages of cannabinoids, to be launched over the next four months.

The cannabis oil cartridges will offer a variety of cannabis strains of varying potencies in easy-to-use, convenient cartridges designed for use in vaporizers. Made from local, sustainably grown cannabis that has been cleanly extracted using a supercritical CO2 method, the oil is lab-formulated for consistency, and lab-tested for purity and potency. Terra Tech manufactures the pre-filled cartridges at its IVXX Extraction Lab, and will distribute them via its existing distribution network and retail locations.

Derek Peterson, CEO of Terra Tech, commented, "There is a demand for pre-filled vaporizer cartridges among medical cannabis patients who value easy-to-use convenience items. We are already seeing a positive initial response to this product and shipped our first order of 10,000 units to one of our distributors. Our cartridges are the latest addition to our IVXX-branded portfolio of finest-grade cannabis products and are refined to our exact micro-specifications to ensure the highest-quality experience for patients. The cartridge lines will be offered in Indica, Sativa and Hybrid strains and at a variety of different THC purity levels so that patients can access the most appropriate medicine for their individual ailments."

 

____________________
Don't let the sounds of your own wheels

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Lighten up while you still can

Don't even try to understand

Just find a place to take your stand

And TAKE IT EASY

 

Maximum Peach



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  posted on 4/8/2016 at 10:59 AM
At .38 now. Darn good buy at a dime. It is still flirting with 52 week highs. I've got it on a watch list. No more college hoops to bet on... so, find a bottom.

 

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Maximum Peach



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  posted on 4/8/2016 at 11:17 AM
I'd like to watch this, smell it....

 

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Sublime Peach



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  posted on 4/14/2016 at 10:13 AM
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."

"This is the first nutrient rich, health promoting, super salad blend, and we are excited to partner with Edible Garden on this initiative," said Dr. Ilya Raskin, Distinguished Professor at Rutgers University, School of Environmental & Biological Sciences and Chair & Managing Partner of Nutrasorb. "We are happy to see breakthrough innovations coming from nutritional breeding programs at Rutgers University released under Food4Good® brand, all 100% naturally grown. Breeding crops for improved health benefits should be just as important as breeding for agronomic traits."

The agreement also enables Edible Garden to grow produce derived from the Green Super Lettuce ("GSL") seed for the purpose of extracting and selling ingredients. These extractions have the potential to be used in functional foods, skin care products and nutraceuticals.

 

____________________
Don't let the sounds of your own wheels

Drive you crazy

Lighten up while you still can

Don't even try to understand

Just find a place to take your stand

And TAKE IT EASY

 
 


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