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At the start of November 2014 the stock of Terra Tech Corp (OTCMKTS:TRTC<\/a>) spiked above 50 cents per share. Since then, however, the ticker has been sliding lower and lower down the chart incurring massive losses. In fact, just a little over a week ago, on July 21, TRTC<\/a> <\/strong>dropped to $0.0795, price that is near the all-time lows registered by the company.<\/p>\n After hitting such record lows the stock managed to bounce and for the last five sessions it has reclaimed some of the ground it lost. During yesterday’s trading TRTC<\/a><\/strong> enjoyed one of their best sessions in a while gaining nearly 29% and closing at $0.143. Is the positive momentum going to last though?<\/p>\n Compared to most of the other pennystock ventures and especially the ones operating in the medical cannabis industry TRTC<\/a> <\/strong>seems to be a step ahead. The company is generating respectable revenues that were significantly boosted through their IVXX <\/em>subsidiary that produces medical cannabis extracted products. The majority of the latest PRs issued by TRTC<\/a> <\/strong>have been announcing more and more retail locations offering IVXX’s products<\/em> – on July 21 4 locations were added while yesterday 5 more were announced.<\/p>\n Unfortunately the rest of Terra Tech’s<\/strong> financials remain quite disappointing. The company finished the first quarter of 2015 with:<\/p>\n • $274 thousand cash Not only is TRTC<\/a> <\/strong>still far away from becoming a profitable entity but it also has a massive working capital deficit of $3.9 million and an accumulated deficit of $38.8 million.<\/p>\n In order to fund its operations the company has been relying primarily on external sources of capital and as a result quite more shares are being sold. On June 10 through a private placement TRTC<\/a> <\/strong>raised over $2 million by selling 14,946,119 units. Each unit was priced at $0.1375 and consisted of one common share and one warrant for the purchase of 1 share with a exercise price of $0.20625. Investors should also note that the last wave of Form 4s filed on July 25 revealed that the directors and officers of the company have received a significant amount of shares as bonuses.<\/p>\n With the reach of the IVXX subsidiary<\/em> being constantly expanded and the first MediFarm medical cannabis dispensary<\/em> in Las Vegas expected to become operational in early October investors could once again get excited about TRTC<\/a><\/strong>. However, the red flags around the company should not be underestimated and any trades should be preceded by doing your own due diligence. <\/p>\n","protected":false},"excerpt":{"rendered":" At the start of November 2014 the stock of Terra Tech Corp (OTCMKTS:TRTC) spiked above 50 cents per share. Since then, however, the ticker has been sliding lower and lower down the chart incurring...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[259],"class_list":["post-6406","post","type-post","status-publish","format-standard","hentry","category-news","tag-trtc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=6406"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6406\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
• $1.56 million total current assets
• $5.46 million total current liabilities
• $763 thousand total revenues
• $2.1 million net loss<\/p>\n