Terra Tech Corp (OTCQX: TRTC) continues to make further strides since our initial coverage on April 1, 2016 @ $0.26 cents. The vertically integrated, cannabis-focused agriculture company, launched a new line of pre-filled medical cannabis cartridges. An initial order worth approximately $170,000 for 10,000 units was received immediately following the new product announcement. This is the first of several cartridge lines containing varying percentages of cannabinoids to be launched over the next four months.
The Company also announced that its final business license has been approved by the Las Vegas City Council. Terra Tech now possesses all the permits issued by the City of Las Vegas necessary to operate this medical cannabis dispensary. The Company is still awaiting final issuance of the State Registration Certificate from the State of Nevada, which is expected to be issued upon completion of the State of Nevada’s operations inspection. The Grand Opening of the dispensary will be held on April 20, 2016.
Trading at about $0.38 cents at the time of this post with a 52 week high of $0.42 cents and over $400 million shares outstanding.