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Terra Tech Corp. Begins IVXX Cultivation at New Sparks, Nevada Facility

IRVINE, Calif., June 06, 2018 (GLOBE NEWSWIRE) — Terra Tech Corp. (OTCQX:TRTC), a vertically integrated cannabis-focused agriculture company, is pleased to announce that it has commenced cultivation at its new Sparks facility, following approval from the State of Nevada. Utilizing Terra Tech’s proven practices and procedures, the team has successfully begun cultivation of its first cannabis crop, planting the first seeds in early June. Terra Tech expects to distribute and sell cannabis grown at the Sparks facility from its first harvest throughout Nevada by the fourth quarter of 2018.

Construction of the 30,000 square foot cultivation facility was completed during the first quarter of 2018, in conjunction with NuLeaf Sparks. The Sparks facility was built out using LED lights to increase efficiencies and reduce the cost of production. Terra Tech’s proprietary IVXX cannabis products will be grown and harvested at the Sparks facility under the safest and most beneficial conditions. All products will be thoughtfully produced, rigorously tested and certified to the highest standards of potency and purity. IVXX cultivated at the Sparks location will be sold at Terra Tech’s Blüm retail and medical cannabis dispensaries in Reno, Nevada and Las Vegas, Nevada, and to third party dispensaries.

Derek Peterson, CEO of Terra Tech, commented, “We recently received the necessary permits from the State of Nevada to commence cultivation at our brand new cultivation facility in Sparks, Nevada and have planted our first seeds. We plan to cultivate a variety of cannabis strains for patients and consumers under our IVXX brand, including offerings with varying THC and CBD concentrations. Scaling our cannabis cultivation to support our wholesale business as well as to supply our four dispensaries in Nevada will enable us to meet demand from the growing cannabis market. This is just latest milestone in our expansion strategy and we are excited to ramp our production of premium quality cannabis for the medical and adult-use markets.”

To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (OTCQX:TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.

For more information about Terra Tech Corp visit: http://www.terratechcorp.com/
For more information about IVXX visit: http://ivxx.com/
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline
Follow us on Twitter @terratechcorp
For more information about Edible Garden visit: http://www.ediblegarden.com/
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts

CONTACTS
Terra Tech Corp.
Philip Carlson
KCSA Strategic Communications
TRTC@kcsa.com
212-896-1238

Posted in Client News| Tagged |

Terra Tech Corp. to Webcast, Live, at VirtualInvestorConferences.com June 7

Company invites individual and institutional investors as well as advisors to attend interactive real-time virtual VirtualInvestorConferences.com

IRVINE, Calif., June 4, 2018 /PRNewswire/ — Terra Tech Corp. (OTCQX: TRTC), a vertically integrated cannabis-focused agriculture company, today announced that Derek Peterson, Chief Executive Officer, will present live at VirtualInvestorConferences.com on June 7, 2018

DATE: Thursday, June 7, 2018
TIME: 1:00 PM ET
LINK: https://tinyurl.com/0618prepr

This will be a live, interactive online event where investors are invited to ask the company questions in real-time – both in the presentation hall as well as the association’s “virtual trade booth.” If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days.

It is recommended that investors pre-register and run the online system check to save time and receive event updates.

Recent Company Highlights

  • Total revenues generated for the quarter ended March 31, 2018 were approximately $8.6 million, an increase of 26% from $6.8 million in the same period in 2017.
  • In California, the Company commenced sales to the adult-use market in January 2018 through its Oakland and Santa Ana dispensaries. The Company is also constructing a dispensary and extraction facility in San Leandro.
  • In Nevada, the Company completed construction of its cultivation and extraction facilities in Sparks and Reno, which are expected to enable it to scale production of its IVXX products for Nevada’s consumer market.

The Cannabis Virtual Investor Conference on June 7, 2018 is made possible by a partnership between KCSA Strategic Communications and VirtualInvestorConferences.com.  Learn more about the event at www.VirtualInvestorConferences.com.

To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC.  Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.

For more information about Terra Tech Corp visit: http://www.terratechcorp.com/   
For more information about IVXX visit: http://ivxx.com/   
For more information about Blüm Nevada visit: http://letsblum.com  
For more information about Blüm Oakland visit: http://blumoak.com/   
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline   
Follow us on Twitter @terratechcorp    
For more information about Edible Garden visit: http://www.ediblegarden.com/   
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts   
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts 

About VirtualInvestorConferences.com
Since 2010, VirtualInvestorConferences.com, created by BetterInvesting (NAIC) and PRNewswire, has been the only monthly virtual investor conference series that provides an interactive forum for presenting companies to meet directly with investors using a graphically-enhanced online platform.

Designed to replicate the look and feel of location-based investor conferences, Virtual Investor Conferences unites PR Newswire’s leading-edge online conferencing and investor communications capabilities with BetterInvesting’s extensive retail investor audience network.

SOURCE Terra Tech Corp.

Posted in Client News| Tagged |

Terra Tech Corp Reports Financial Results for the First Quarter of 2018

26% revenue growth for Q1 2018 vs Q1 2017

IRVINE, Calif., May 10, 2018 (GLOBE NEWSWIRE) — Terra Tech Corp. (OTCQX:TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced its first quarter 2018 financial results for the period ended March 31, 2018.

“We were pleased to report revenue growth of 26% compared to the prior year period,” commented Derek Peterson, Chief Executive Officer of Terra Tech. “This was the first quarter in which we generated revenues from sales to California’s adult use cannabis market. We believe these revenues will accelerate as the industry’s supply chain professionalizes and the adult-use market matures. California is the world’s largest cannabis market, home to approximately 40 million people, and we are proud to have positioned ourselves to have first mover advantage in anticipation of a significant market ramp over the coming months. To prepare us to scale our production to meet this projected demand, we are building a Blüm dispensary and extraction facility in San Leandro and have submitted applications to open two additional retail dispensaries in Santa Ana. As a result of this infrastructure buildout and the developments in the market, our California operations are well-positioned to drive top-line revenue growth in the future.

“We are also pleased with the performance of our four Nevada-based cannabis dispensaries, which have been selling to the adult-use market since July of last year and have established both our Blüm retail and IVXX wholesale brands as recognized leaders in the adult-use market. During the first quarter we participated in completing the construction of our new cultivation facility in Sparks, NV and our cannabis extraction facility in Reno, NV, which will significantly expand our capacity when the requisite state approvals come through.

“Our revenues from Edible Garden increased 40% as sales for our expanded line of organic and locally-grown salads and greens gained momentum. This segment of our business gives us a strong foothold in the New Jersey market and we will continue to invest in building out its distribution channels and constructing a major new packaging facility,” concluded Mr. Peterson.

Financial Update

  • Total revenues generated for the quarter ended March 31, 2018 were approximately $8.6 million, an increase of 26% from $6.8 million in the same period in 2017. This growth was primarily due to revenue generated by the Company’s dispensaries in California and Nevada and from revenue generated by Edible Garden from the sales of its produce and herbs.
  • Gross margin for the quarter ended March 31, 2018 amounted to approximately 19.1%, compared to approximately 5.3% for the quarter ended March 31, 2017.
  • Selling, general and administrative expenses for the quarter ended March 31, 2018 amounted to approximately $8.4 million, compared to approximately $6.4 million for the quarter ended March 31, 2017.
  • The net loss attributable to Terra Tech for the quarter ended March 31, 2018 was approximately $(10.0 million), or ($0.16) per share compared to a loss of approximately $(10.1 million) or ($0.27) per share for the quarter ended March 31, 2017. 
  • The Company had $4.5 million in cash as of March 31, 2018. During the quarter, the Company secured a $40 million investment commitment, to be made in eight tranches of $5 million over 24 months. This capital injection will primarily be used to build out the Company’s infrastructure to support its long term growth strategy.
  • Stockholders’ equity for the quarter ended March 31, 2018 amounted to approximately $85.7 million, an increase of approximately $8.9 million compared to approximately $76.8 million as of December 31, 2017.
  • The Company had no short-term debt as of March 31, 2018. Long term debt was $13.2 million as of March 31, 2018, compared with $6.6 million as of December 31, 2017.         

Business Update
California:

Terra Tech received State of California Temporary Authorization to cultivate, manufacture, distribute and retail cannabis to the adult-use market, following California’s legalization of adult-use cannabis sales effective January 1, 2018. This significantly expands the Company’s potential customer base in California beyond the medical market, which it has been servicing since April 2016.

  • Oakland: The Company’s Blüm, Oakland dispensary expanded its sales of cannabis to include the adult-use market for the first time. To prepare for a ramp in demand as a result of the legalization of adult-use cannabis, Terra Tech is constructing a 13,000 square foot cultivation facility in Hegenberger, Oakland which has the capacity to produce up to one metric ton, or 2,000 pounds, of cannabis per year. The facility is expected to be fully operational by late-2018.
  • San Leandro: The Company continued construction of a Blüm dispensary and extraction facility, both of which are expected to open in the second half of 2018.
  • Santa Ana: The Company continued to ramp sales at its Blüm, Santa Ana location, including making its first sales at this location to the adult-use market. Upon receiving regulatory approval from the city of Santa Ana, Terra Tech will acquire the cannabis retail permit associated with the dispensary for no additional consideration. On February 1, 2018, the Company submitted applications to open two additional retail dispensaries in Santa Ana and expects the City to announce whether these are approved in the next 60 days.
  • Terra Tech’s ‘Craft Cultivator’, Panther Gap Farms, in Humboldt county, received the necessary cultivation and manufacturing licenses to grow and extract products for the Company’s proprietary IVXX-branded cannabis for the adult use market.

Nevada:

  • The Company’s four Blüm dispensaries in Nevada continued to grow their brand recognition among adult-use customers.
  • The Company has participated in the completion of the construction of a new 30,000 square foot cannabis cultivation facility in Sparks, NV and a 15,000 square foot cannabis extraction facility in Reno, NV, through agreements with NuLeaf. The Company is awaiting final State of Nevada approvals to begin production at the Reno facility and cannabis cultivation of our IVXX-branded products at the Sparks facility.

New Jersey:

  • Construction is underway for a major new pack house in New Jersey to distribute herbs and leafy greens for its subsidiary, Edible Garden.

Conference Call

The company will also host a conference call today, Thursday, May 10, 2018 at 4:30 PM Eastern Time.

Dial-In Number: 1-857-232-0157
Access Code: 422095

Derek Peterson, Chairman and CEO of Terra Tech Corp., will be answering shareholder questions at the end of the call. Should you have questions during or prior to the conference call please send an email to TRTC@kcsa.com with ‘TRTC Question’ in the subject line. Mr. Peterson will answer as many questions as time will allow.

For those unable to participate in the live conference call, a replay will be available at https://smallcapvoice.com/blog/trtc/. An archived version of the webcast will also be available on the investor relations section of the company’s website.

To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC.  Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.

For more information about Terra Tech Corp visit: http://www.terratechcorp.com/ 
For more information about IVXX visit: http://ivxx.com/ 
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/ 
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline 
Follow us on Twitter @terratechcorp  
For more information about Edible Garden visit: http://www.ediblegarden.com/ 
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts 
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts

Cautionary Language Concerning Forward-Looking Statements

Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Terra Tech Corp.’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.’s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Terra Tech Corp.’s website does not constitute a part of this release.

Contact
Philip Carlson 
KCSA Strategic Communications
TRTC@kcsa.com     
212-896-1238

 
TERRA TECH CORP. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
    Three Months Ended
    March 31,
    2018       2017  
           
Total Revenues    $   8,615,366        $   6,824,456  
Cost of Goods Sold       6,967,926           6,465,393  
               
Gross Profit       1,647,440           359,063  
               
Selling, General and Administrative Expenses       8,422,548           6,386,300  
               
Loss from Operations       (6,775,108 )         (6,027,237 )
               
Other Income (Expense):              
Amortization of Debt Discount       (468,317 )         (610,616 )
Loss on Extinguishment of Debt       (4,731,246 )         (1,039,458 )
Gain on Fair Market Valuation of Derivatives       2,281,000           1,610,750  
Interest Expense, Net       (259,621 )         (157,833 )
Loss on Fair Market Valuation of Contingent Consideration       –            (4,348,761 )
               
     Total Other Income (Expense)       (3,178,184 )         (4,545,918 )
               
Net Loss       (9,953,292 )         (10,573,155 )
Net Income (Loss) Attributable to Non-Controlling Interest       78,628           (461,167 )
               
NET LOSS ATTRIBUTABLE TO TERRA TECH CORP.    $   (10,031,920 )      $    (10,111,988 )
               
Net Loss Per Common Share Attributable to Terra Tech Corp. Common Stockholders – Basic and Diluted   $   (0.16 )     $   (0.27 )
               
Weighted-Average Number of Common Shares Outstanding – Basic and Diluted     64,711,660         37,818,109  
                   


 
TERRA TECH CORP. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
                 
    March 31,     December 31,  
    2018      2017   
    (Unaudited)        
ASSETS
             
Current Assets:            
Cash   $ 4,510,769       $ 5,445,582    
Accounts Receivable     722,929         959,698    
Notes Receivable     5,964,204         5,010,143    
Inventory     4,772,158         5,760,019    
Prepaid Expenses and Other Current Assets     1,581,555         1,067,689    
                 
Total Current Assets     17,551,615         18,243,131    
                 
Property, Equipment and Leasehold Improvements, Net     33,343,257         19,191,616    
Intangible Assets, Net     27,166,459         27,773,110    
Goodwill     28,921,260         28,921,260    
Other Assets     861,842         4,058,682    
                 
TOTAL ASSETS   $ 107,844,433     $ 98,187,799  
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES:                
Current Liabilities:                
Accounts Payable and Accrued Expenses   $ 4,840,730       $ 5,444,710    
 

Derivative Liabilities
      4,059,400           9,331,400    
                 
 

Total Current Liabilities
      8,900,130           14,776,110    
                 
Long-Term Liabilities:                
Long-Term Debt, Net of Discounts       13,232,818           6,609,398    
                 
Total Long-Term Liabilities       13,232,818            6,609,398    
                 
Total Liabilities   22,132,948     21,385,508  
                 
COMMITMENTS AND CONTINGENCIES                
                 
STOCKHOLDERS’ EQUITY:                
Preferred Stock, Convertible Series A, Par Value $0.001:       –           –    
100 Shares Authorized as of March 31, 2018 and December 31, 2017; 8 Shares Issued and Outstanding as of March 31, 2018 and December 31, 2017
Preferred Stock, Convertible Series B, Par Value $0.001:       –           –    
49,999,900 Shares Authorized as of March 31, 2018 and December 31, 2017; 0 Shares Issued and Outstanding as of March 31, 2018 and December 31, 2017
Common Stock, Par Value $0.001:       65,345           61,819    
990,000,000 Shares Authorized as of March 31, 2018 and December 31, 2017; 65,344,816 and 61,818,560 Shares Issued and Outstanding as of March 31, 2018 and December 31, 2017, respectively
Additional Paid-In Capital     200,222,380         181,357,715    
Accumulated Deficit       (115,580,522 )         (105,548,602 )  
                 
Total Terra Tech Corp. Stockholders’ Equity     84,707,203         75,870,932    
Non-Controlling Interest       1,004,282           931,359    
                 
Total Stockholders’ Equity   85,711,485     76,802,291  
                 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 107,844,433     $ 98,187,799  
                     

Posted in Client News| Tagged |
Terra Tech Corp. (TRTC)

Terra Tech Corp. Schedules First Quarter 2018 Earnings Release for Thursday, May 10, 2018

Terra Tech Corp. (TRTC)

IRVINE, Calif., May 03, 2018 (GLOBE NEWSWIRE) — Terra Tech Corp. (OTCQX:TRTC) (“Terra Tech” or the “Company”), a vertically integrated, cannabis-focused agriculture company, today announced that it will release its First Quarter 2018 results on Thursday, May 10, 2018 after U.S. markets close.

The company will also host a conference call on Thursday, May 10, 2018 at 4:30 PM Eastern.

Dial-In Number: 1-857-232-0157
Access Code: 422095

Derek Peterson, Chairman and CEO of Terra Tech Corp., will be answering shareholder questions at the end of the call. Should you have questions during or prior to the conference call please send an email to TRTC@kcsa.com with TRTC Question in the subject line. Mr. Peterson will answer as many questions as time will allow.

For those unable to participate in the live conference call, a replay will be available at https://smallcapvoice.com/blog/trtc/. An archived version of the webcast will also be available on the investor relations section of the company’s website.

To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (OTCQX:TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.

For more information about Terra Tech Corp visit: http://www.terratechcorp.com/
For more information about IVXX visit: http://ivxx.com/
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline
Follow us on Twitter @terratechcorp
For more information about Edible Garden visit: http://www.ediblegarden.com/
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts

Contact
Philip Carlson
KCSA Strategic Communications
TRTC@kcsa.com
212-896-1238

Posted in Interviews| Tagged |
Terra Tech Corp. (TRTC)

Terra Tech Corp. Reschedules Full-Year 2017 Earnings Release for Friday, March 16, 2018

Terra Tech Corp. (TRTC)

NEWPORT BEACH, CA–(Marketwired – March 15, 2018) – Terra Tech Corp. (OTCQX: TRTC) (OTCQX: TRTCD) (“Terra Tech”) or (the “Company”), a vertically integrated cannabis-focused agriculture company, today announced that it will release its full-year 2017 results on Friday, March 16, 2018 after U.S. markets close.

The company will also host a conference call on Friday, March 16, 2018 at 4:30 PM Eastern Time.

Dial-In Number: 1-857-232-0157
Access Code: 422095

Derek Peterson, Chairman and CEO of Terra Tech Corp., will be answering shareholder questions at the end of the call. Should you have questions during or prior to the conference call please send an email to TRTC@kcsa.com with ‘TRTC Question’ in the subject line. Mr. Peterson will answer as many questions as time will allow.

For those unable to participate in the live conference call, a replay will be available at https://smallcapvoice.com/blog/trtc/. An archived version of the webcast will also be available on the investor relations section of the company’s website.

To be added to the Terra Tech email distribution list, please email TRTC@kcsa.com with TRTC in the subject line.

About Terra Tech

Terra Tech Corp. (OTCQX: TRTC) operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech’s MediFarm LLC subsidiaries are focused on medical and adult-use cannabis cultivation and permitting businesses throughout Nevada.

For more information about Terra Tech Corp visit: http://www.terratechcorp.com/ 
For more information about IVXX visit: http://ivxx.com/ 
For more information about Blüm Nevada visit: http://letsblum.com
For more information about Blüm Oakland visit: http://blumoak.com/ 
Visit us on Facebook @ https://www.facebook.com/terratechcorp/timeline 
Follow us on Twitter @terratechcorp 
For more information about Edible Garden visit: http://www.ediblegarden.com/ 
Visit Edible Garden on Facebook @ https://www.facebook.com/ediblefarms?fref=ts 
Visit IVXX on Facebook @ https://www.facebook.com/ivxxbrand?fref=ts

Cautionary Language Concerning Forward-Looking Statements

Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Terra Tech Corp.’s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.’s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Terra Tech Corp.’s website does not constitute a part of this release.

Contact
Philip Carlson 
Elizabeth Barker
KCSA Strategic Communications
TRTC@kcsa.com
212-896-1238

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Terra Tech Corp. Making Moves to Solidify Their Position as an Industry Leader in the Marijuana Markets

The marijuana market has had to move quickly in the last few years, especially considering the growth it’s experienced all across the country. When California legalized adult-use marijuana at the end of 2016, the scramble was on for companies to get their permits in order to capitalize on the moment. Terra Tech Corp (OTC QX: TRTC) received temporary authorization to serve both the adult and the medical markets starting January 2018, and they’ve been busy satisfying the immediate influx in demand.

But TRTC also wants to do far more than service patients and customers at its dispensaries and retail outlets in both Northern and Southern California as well as Nevada. They’re hoping to cultivate and grow their own products on their way to achieving full vertical integration. Between lock-up agreements with management, land purchases, and a general reputation for anticipating a diverging market, TRTC is on the verge of making a big splash for customers and investors alike.

First Position

There were very few companies who were able to secure a January 1, 2018 authorization to sell adult-use cannabis, and it put TRTC in a unique position to strike while the iron is hot. California was the very first state to legalize medical marijuana, and they’re expected to become the largest market in the country. This is the time when consumers and patients will be exploring their options and establishing their loyalty. With all the options on the market, they’ll be looking for a dispensary that has quality products, customer service, and a wide selection from which to choose. TRTC manages to check off every box on the list as they ramp up their business to fit the new scale of need. The company has already signed on two craft cultivators of premium cannabis that they believe will drive profits in the right direction. The new plants are not only free of pesticides and chemicals, they also set new standards for potency and purity.

Lock-Up Agreements

TRTC recently saw several of its high-level executives, including the COO, CEO, and CFO, sign lock-up agreements for a full year. These lock-up agreements show investors that the company is dedicated to stability, both in terms of leadership and stock prices. Two directors of the company also signed lock-up agreements, ensuring a unity in long-term strategy. And when the lock-up agreements expire (around the start of 2019), investors likely won’t have to worry about a dreaded stock price drop. The cannabis market is not only growing strong, it’s also poised to launch companies like TRTC into a new realm. CEO Derek Peterson built his career in finance where he became accustomed to exploring and exploiting every new angle to make his company more money. He’s combining that business savvy with a personal mission to bring the healing power of cannabis to an eager audience.

Land Purchases

In October of 2017, TRTC started making moves to purchase property in southern California. This commercial property represents a tremendous opportunity for TRTC to start cultivating their own plants so they can meet their customer’s needs without having to rely on outside suppliers. The key to a successful cannabis enterprise is being able to adapt to each region’s needs without violating any regulations. One dispensary may primarily serve those who are looking for anxiety or depression relief while another may primarily serve those with chronic pain. As the research becomes more definitive and the strains become more specific, TRTC will have the resources to keep up with each new demand.

There is so much happening at TRTC as they lay the groundwork to take the market by storm, but it’s clear the best is still yet to come. Their success lies in their preparation to handle an industry that is still rife with potential pitfalls. Staying profitable isn’t just a matter of staffing a dispensary anymore, but a constant, concentrated effort to keep up with an ever-changing space. TRTC will continue to take proactive measures that keep them ahead of the pack – no matter what it takes.

About the Author

Stuart Smith is the CEO and Founder of SmallCapVoice.com. SmallCapVoice.com. is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients’ financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit https://smallcapvoice.com/blog/the-small-cap-daily-small-cap-newsletter/

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