Terra Tech Corp. (OTCQX: TRTC) operates as a diversified cannabis holding company. Shares of the diversified cannabis company are jumping 22.60%, through early trading on Monday, July 3, 2017. Over the past month, Terra Tech Corp. has seen average daily volume of 3.3 million shares. However, volume of 11.08 million shares or dollar volume of $2.54 million, has already exchanged hands on the day.
Shares of Terra Tech Corp. are climbing today, after the company filed an 8-K filing, which detailed of regulation FD disclosure. Specifically, the company provided an update on its Nevada operations after the state launched legal cannabis sales on July 1, 2017. The company says that it earned more revenue on July 1st, than in all of 2011. Here is part of the 8-K filing detailing of the disclosure:
Terra Tech Corp. 8-K Filing:
Item 7.01 Regulation FD Disclosure.
On July 2, 2017, Terra Tech Corp. (the “Company”) posted the following message on its Facebook page (https://www.facebook.com/terratechcorp/).
“As most of you know yesterday adult use cannabis became legal to sell in Nevada and team Terra Tech killed it! The sales surpassed any of our expectations. To put it in perspective; in 2011 our company’s total revenue was about $500,000. Yesterday through our 4 retail facilities in Nevada and our continued strong performance in Oakland we did about half what we did in all of 2011 in a single day! That doesn’t happen without an amazing team at Blum, and strong back office, and obviously a ton of work. Nevada will be one of the major growth drivers for the company in the coming years and we are fortunate to have this opportunity because of the countless hours we’ve spent on securing these permits, building the facilities and most importantly training and developing our staff who executed with perfection yesterday. Also thank you to our shareholders who have stood by us over the last few years, it’s always tough to be patient when in the building phase but now we begin to harvest the fruits of the work we have done. We look forward to an exciting second half to 2017!
Here is the link to the full 8-K filing: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12157127