Waiting on financials and forward guidance.
I expect that TRTC will release forward guidance along with their EOY 2014 financial report. Until then, I don't expect much movement in pps. This will likely continue to trade in the low .20's for the next month unless something truly concrete gets announced.
It appears that the latest round of PIPE has concluded, which drove the pps down to where we currently sit. As I've consistently stated, TRTC represents a fantastic speculative investment in the nascent cannabis industry, though I do not expect another bubble run-up like March 2014.
Like the tech bubble, the growth of the cannabis industry had many flashes in the pan, which provided some extremely lucrative trades in 2014. Like Yahoo, Amazon, and Google, there will be a small percentage of companies that actually establish a foot print and a sustainable business model.
Ostensibly, TRTC seems to have better than average chances because of their plans in Nevada, proximity to California, and improving margins in their hydroponic agriculture business.
All of the above is the argument for being long TRTC, but there are certainly enormous potential pitfalls that could delay or sink the cannabis industry. For these reasons, only investing what you're willing to lose remains the guidance from risk-averse financial advisors.
As a small shareholder in TRTC, I am biased towards the long view, but I am anxiously waiting for an update on their 2015 plans.
By all accounts, it does not look like the company will generate BIG revenue from cannabis sales in 2015. However, I think no one promised that. What we all want to see is growth and the establishment of dispensary revenue streams by the end of the year.
2016 should be extremely lucrative if TRTC executes in Nevada this year.
