Blum Holdings Inc (BLMH)

[Tradescott818]

Terra Tech Corp (TRTC), an urban agricultural company, is pleased to announce the filing of its First Quarter 2014 financial results for the quarter ending March 31, 2014. The full 10-Q filing is available on the SEC's website at http://edgar.sec.gov/.
Total revenues generated from the sales of the Company's products for the quarter ended March 31, 2014 totaled $560,319, an increase of $494,198 from the quarter ended March 31, 2013, which totaled $66,121. The net result for the quarter ended March 31, 2014 was a loss of .03 cents per share compared to a loss of $.02 cents per share for the quarter ended March 31, 2013. The increase in loss per share was primarily associated with a non-cash loss on the fair market valuation of derivatives associated with the company's financings throughout the quarter. The company finished the quarter with a strong cash position of over $2.9 Million.

The company recently announced full year 2014 revenue guidance of $7 million and wanted to provide a quarterly breakdown of those projections to give investors some insight into the seasonality of their business. The company expects the following revenue targets for the upcoming quarters:

Q-2 2014: $3,500,000

Q-3 2014: $1,500,000

Q-4 2014: $1,500,000

"We continued to grow the breadth of our retail relationships throughout the quarter and placed our new 5-acre facility into production, which was a key step in expanding our produce business throughout the remainder of the year," explains Derek Peterson, CEO Terra Tech Corp. "Additionally we took some key steps to begin to increase our exposure to the medical cannabis markets. We see significant demand for domestic based CBD extractions and look forward to working throughout California to develop and distribute a safe and reliable product to retailers."

Below are some Q-2 milestones:

· The company entered into a strategic relationship with Inergetics (NRTI) to develop a CBD based line of nutritional supplements.

· A distribution deal with Florida Based Sunshine Growers was signed to produce and distribute the Edible Garden line of locally grown produce.

· Construction was begun on a new research and industrial extraction facility in Oakland, CA and the company has purchased a custom 20 liter 5,000 PSI supercritical CO2 extractor to conduct botanical and nutraceutical extractions.

· Edible Garden subsidiary put the new 5-Acre facility into operation.

The company will continue to update shareholders throughout the remainder of the year. Additional updates regarding the company's efforts in Nevada and Florida as well as other markets will be forthcoming.