Terra Tech Corp (OTCMKTS:TRTC) appropriately gained the attention of its investors through launching a bunch of positive stories. Firstly, the company announced the launch of its IVXX branded cannabis products. The company informed the public that its IVXX products are available in the Los Angeles area. It said that the concentrates of IVXX Elevate are made available at Kush collective, SFVDM and Highway 99 Collective in Bakersfield.
Inergetics collaboration good or bad?
Terra Tech Corp (OTCMKTS:TRTC) reflected on the promising future of its products as it said that Los Angeles is an important market for it. The company noted that they had selected the mentioned collectives for their high-quality patient care and their zeal to make the products available to patients to help them continue medications. Meanwhile, the company also raised investors’ interest by stating that its partner Inergetics Inc. (OTCMKTS:NRTI) will soon launch flagship product, Nulief. The product will be made available at Medical marijuana dispensaries associated with Terra Tech.
Though the prospects of this collaboration bode well with the investors, but there are certain barriers in between. The financial scenario of Inergetics is not rosy in itself. The company merely has $12,000 of cash, while its current liabilities sit at $15.7 million against current assets of $1.7 million. The company shows a net loss of $4.4 million, which clouds the idea as to how far it will work for Terra Tech Corp (OTCMKTS:TRTC).
Outcome in Q3
Meanwhile, the final results of sales of IVXX products will appear only in third quarter of 2015, which means that investors have to wait a bit to completely get a clear picture about Terra Tech Corp (OTCMKTS:TRTC). While doubts remain, the stock of Terra Tech Corp (OTCMKTS:TRTC) surged by more than 17% and recorded an average volume of 1.26 million shares to settle at $0.247.