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NewswireToday - /newswire/ - Winston-Salem, NC, United States, 2013/01/23 - SmallCapReview, A leading site for news and information on small caps, penny stocks and microcaps is adding Terra Tech (TRTC) $0.45 to its list of stocks "On the Radar" -

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TRTC Investor HighlightsAcquisitions - Announced it has signed an LOI to acquire NB Plants, a hydroponic farming operation, and its brand ‘Edible Garden’ entering the $20 billion fresh produce market.

Just last week TRTC announced that it has signed a letter of intent to acquire GroRite, one of New Jersey’s largest gardening super centers, significantly increasing Terra Tech’s top line revenue.

In addition to organic growth through Terra Tech's commercial manufacturing and GrowOp Technology's retail brand TRTC intends to acquire to accelerate growth. The Company is focused on well-positioned market participants that have a competitive advantage in their respective segment in addition to generating strong operating cash flow.

Growth - Terra Tech’s successful acquisition of NB Plants, a 116-acre New Jersey farm, will push annual revenue in excess of $6 million.TRTC's acquisition of GroRite which has grown into one of New Jersey’s premier gardening centers with annual revenue in excess of $4 Million with positive net income.

Terra Tech has identified over 12,000 grocery stores within a 5-hour drive of NB Plants opening up a significant market for the company.

TRTC offers its products through specialty retailers in the United States and Europe and to Fortune 500 companies, horticulture enthusiasts, local urban farmers, and green house growers.

The Future - Announced the launch of its plug and play mobile hydroponic chamber, The Bloom Room. This 34’ unit is being shipped to customers in Colorado, who recently passed amendment 64 for full recreational legalization. According to a survey by the National Cannabis Industry Association, the Colorado medical marijuana industry generated more than $181 million in sales since 2010. The base units start at $42,000.

Cultivation is moving both indoors as well as vertical. Indoor cultivation allows urban farmers to have multiple harvests throughout the year while maximizing their production of healthy and nutrient dense fruits and vegetables. For example, over 40% of all fresh tomatoes sold in U.S. retail stores are now greenhouse grown.

Partnerships - Terra Tech is continually developing products and working with strategic partners, like Bayer Crop Sciences, to continually capture market share of this growing industry.

Announced that it has signed an agreement with New Jersey based Edible farms, a division of NB plant products to jointly construct and operate up to 10 acres of commercial hydroponic greenhouse specializing in the production of locally grown, hydroponic produce.

Currently Edible Farms cultivates and sells their line of living basil and other fresh hydroponically grown produce to major retailers throughout the Northeast such as Shoprite, Fairway, D'Agostino, Kings, The Food Emporium and more. With current annual revenue in excess of $2,000, 000, Edible Farms is looking to Terra Tech to expand their production capacity. Based upon their current gross revenue per square foot the first 2.5 acre facility should produce close to $7,000, 000 in additional annual revenue.

Emerging Industry - Hydroponic Farming industry has been gaining momentum during this current economic downturn, with revenue growing in four of the past five years. IBIS World reported expected revenue increases at an average annual rate of 7.8% from 2006 to 2011. Most spending cuts have been directed toward discretionary purchases rather than fresh food. Rising food prices also support revenue growth because food is largely a non-discretionary necessity.TRTC focuses on the sale and distribution of specialty hydroponic equipment that can be used in the production of medical cannabis. Through its subsidiary GrowOp Technology Ltd., they were one of the first openly cannabis friendly companies to come to market in early 2010. In February of 2012 GrowOp merged with Terra Tech Corp. a publicly traded urban agricultural company.

CNBC recently reported that the estimated revenues for manufacturing and equipment in the medical marijuana industry for 2010 are $150 million. In addition, the estimated size of the marijuana market if it were to be legalized in the U.S. is $14 billion according to the 2010 Cato Institute paper ‘The Budgetary Implications of Drug Prohibition’.

Legalization- Voters in Colorado and Washington state approved ballot initiatives legalizing marijuana for recreational use on Tuesday. The positive vote, marked history by making Colorado the first state in the U.S. to remove prohibition and legalize marijuana for recreational use for adults over 21.

TRTC sees the passing of Washington’s and Colorado’s Marijuana legalization initiatives as a milestone to ending the prohibition of cannabis as well as a potential boon for cannabis related businesses.

Trends - In addition to our rising population, every year the world loses significant portions of its' arable land due to climatic factors, desertification, diminishing water supplies, and urbanization. In order to accommodate the food demands of the increasing world population, agricultural production is moving indoors and we are now utilizing hydroponics to meet world food demands. 

Safety - Preference for produce grown without pesticides and herbicides. Concerns about food safety, E.coli and other life threatening contaminatesMultiple Harvests -  With year-round crop production (up to 30X traditional field cultivation) TRTC provides multiple annual harvests creating a perpetual harvest and creating constant output.

Freshness - Major retailers across the country are now carrying locally grown, CEA hydroponic micro-greens and herbs; consumer prefer fresh, locally grown produce because of the higher nutrient content and longer shelf life.

Variables Are Controlled - Weather factors such as frosts and severe storms are mitigated and the potential for crop destroying pests can be easily controlled.Environmentally Superior - Uses up to 95% less water than traditional farms, and because the facility is sealed there isn't a need for herbicides or pesticides effectively reducing agricultural runoff. In addition these facilities are generally located n urban centers reducing the need for long haul transportation resulting in a drastic reduction in carbon footprint.

Exposure - Josh O’Kane of The Globe and Mail interviewed CEO Derek Peterson about the current boom in the cannabis industry as well as Terra Tech’s positioning in what has been termed the ‘Green Rush’.

Joshua H. Silavent of the Long Beach Business Journal spoke to Terra Tech about the companies positioning in the legalized cannabis market. They discussed the various investment options that exist in the industry, as well as the proliferation of medical cannabis oriented companies that are publicly traded on the US Markets.

Scalable - Hydroponic farming allows for cultivation to go vertical maximizing the cubic space within the facility.

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