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Terra Tech Reports First Quarter 2017 Results

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Sinopsis

Company Sees Revenue Growth of 340% to $6.8 Million IRVINE, CA--(Marketwired - May 11, 2017) - Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech" or the "Company"), a vertically integrated cannabis-focused agriculture company, today announced its first quarter 2017 financial results for the period ended March 31, 2017. Derek Peterson, Chief Executive Officer of Terra Tech Corp., commented, "We are pleased to see the impact of our expansion strategy to open cannabis dispensaries in core target markets drive strong sales in the first quarter. We also reported higher sales of our wholesale IVXX-branded cannabis products as a result of its improved brand recognition coupled with expanded distribution channels. Total first quarter revenues were $6.8 million, representing a 340% increase over the prior year period and we are on track to meet our revenue guidance of $38 - $40 million for 2017." "This quarter saw the opening of our fourth Nevada-based Blüm dispensary, located in Reno. This location benefits from limited lo