Blum Holdings Inc (BLMH)

[grizzlyman69]

Terra Tech Corp.--By Brandon A. Dorfman
MAR 21, 2018
Recently released financials for the 2017 fiscal year show Terra Tech Corporation’s (TRTC) (TRTCD) aggressive expansion plans to be paying off only three months into California’s legalization experiment. According to a statement, revenues for 2017 hit just over $35 million, representing an increase of 41 percent over the prior year. If that were not enough for pot stock investors, their last quarter saw revenues of approximately $11 million. That number represented an increase of 54 percent from the previous year.

Terra Tech runs multiple subsidiaries, including Blüm, a retail dispensary for medical cannabis products and IVXX Inc., a producer of cannabis extracts for the medical cannabis market. With locations in Nevada and other holdings in New Jersey, the company has the bulk of their properties located in California -- enough so to entice the weed stocks crowd into investing.

“In California, we currently have dispensary operations in Oakland and Santa Ana, and are continuing to build out another dispensary in San Leandro as well as cultivation and extraction facilities in the state,” said Terra Tech CEO Derek Peterson in a recent statement. “We are encouraged by our progress establishing recognizable brands, a loyal customer base and developing extensive cultivation capabilities, which we expect to allow for the production of up to 20,000 pounds of cannabis per year, when complete.”
He went on to say that, “as the U.S.'s largest state by population, California represents a major market for us.”
Trading at over $3.00 per share, and with a market cap over $200 million, Terra Tech is a California cannabis stock worth watching in the near term.