{"id":4588,"date":"2014-05-16T15:14:09","date_gmt":"2014-05-16T15:14:09","guid":{"rendered":"\/?p=4588"},"modified":"2014-05-16T15:14:28","modified_gmt":"2014-05-16T15:14:28","slug":"terra-tech-corp-otcbbtrtc-still-depressed-despite-strong-earnings","status":"publish","type":"post","link":"\/articles\/terra-tech-corp-otcbbtrtc-still-depressed-despite-strong-earnings\/","title":{"rendered":"Terra Tech, Corp. (OTCBB:TRTC) Still Depressed Despite Strong Earnings"},"content":{"rendered":"

Terra Tech, Corp. (OTCBB:TRTC<\/a>) may get a boost as it struggles to take off. After markets closed yesterday, the company posted a fresh 10-Q, and the end of the trading week may reflect the event. Currently, TRTC<\/a> stands at a round $0.50, more than 55% below its peak prices, but the new round of financials may reveal its advantage compared to other marijuana stocks. TRTC<\/a> opened downward in the early minutes on Friday, toward $0.46. \"TRTC0516.png\" <\/p>\n

TRTC<\/a> posted incredibly optimistic news, citing a 700% increase in revenues compared to Q1 of 2013. We are not sure if the numbers already reflect marijuana sales, as TRTC<\/a> still relies on greenhouse production, and investors even note that its main revenues come from reselling produce for a markup. In fact, TRTC<\/a> makes almost no money from its own hydroponics systems, but only through the existing greenhouses of other producers. TRTC<\/a> is the lease holder of the land where independent farmers care for the actual production, note forum commenters.\"GRNH0516.png\"<\/p>\n

Still, the latest filing contains rather robust numbers:<\/p>\n