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Terra Tech Corp Reports Financial Results for Year End December 31, 2018

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Sinopsis

IRVINE, CA / ACCESSWIRE / March 14, 2019 /Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech" or the "Company"), a vertically integrated cannabis-focused agriculture company, today announced its financial results for the year ended December 31, 2018. "We faced several headwinds in 2018 that slowed our progress and impacted top line results," commented Derek Peterson, Chief Executive Officer of Terra Tech. "These challenges included navigating the changing regulations in the State of California, which affected sales from our retail businesses in the state, Blüm Oakland and Blüm Santa Ana. Our capacity to generate wholesale revenues in California was also impacted by the regulations which required us to relocate and upgrade our IVXX™ cannabis production to a new facility, effectively halting production in some months." "While these factors created challenges for us in 2018, they also drove us to make investments in cultivation and manufacturing infrastructure that will enable us to scale production and achieve greater