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Featured Cannabis Stock Pick for 2020: Terra Tech Corp.

terra tech cannabis stockTerra Tech Corp. (OTC: TRTC), a cannabis cultivation, distribution, production, and cultivation company in medical cannabis and other agricultural products. It is a contender in the cannabis space due to its cultivation practices and recent successful merger with OneQor Pharmaceutical. But what makes it one of the best cannabis stock picks for 2020?

The company’s herb cultivation method ties back to the tested and proven cultivation with a Dutch system of hydroponics. Terra Tech has two brands: IVXX™ and Edible Garden. The first brand is reported by the company to be the benchmark brand of medical cannabis in the United States and the second is a brand that cultivates fresh herbs and leafy greens for sale in supermarkets and restaurants.

Why do we like Terra Tech as a top cannabis pick for 2020?

  1. Strong Revenues: Terra Tech did more than double its revenues for Q3 2019 when compared year-over-year with 2018. In Q3 2019, the company generated $7.61 million in revenue and generated $3.29 million in Q3 of 2018. It is reported by Terra Tech that the increase in revenues is due to a new dispensary location that opened, increased traffic to established dispensaries, improved store operations and an increase in the products offered.
  2. Strong Growth: The company had a year-over-year growth of $2.75 million with cannabis dispensaries, which represents a 152.5% year-over-year increase.
Featured Cannabis Stock Pick for 2020: Terra Tech Corp.

Why do we recommend Terra Tech Corp. as one of the best cannabis stock picks for 2020?

Earlier this month, the company announced that it has officially closed the merger that was announced in late 2019. The merger is an all-stock transaction that puts Terra Tech shareholders at a 79% ownership majority of the post-merger company. At a future date, it is expected and said by the company that it would change from Terra Tech Corp to Onyx Group Holdings. Terra Tech, or the soon-to-be Onyx Group, will continue to trade on the OTC Market with a new ticker symbol that is still yet to be announced but will be announced soon. The merger between the two companies is said by the Chief Executive Officer of Terra Tech, Derek Peterson, to immediately position with other innovative cannabidiol (CBD) companies in the market and position itself as one of the few CBD industry leaders in research and product development.

Best Hemp and Cannabis Stock Investment

For these reasons, we believe that Terra Tech is a good cannabis stock investment opportunity for 2020 at or near the current price of $0.11 per share. The company is on a path of expansion and can provide investors with a great opportunity as it continues to capture a larger percentage of the CBD and recreational adult-use THC markets.

Featured Cannabis Stock Pick for 2020: Terra Tech Corp.

See our comprehensive analysis of Terra Tech here

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Market analysts expect the cannabis and hemp industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in cannabis and hemp stocks is now! Are you looking to buy stock in hemp companies or cannabis companies? Interested in emerging penny pot stock companies? Looking for the best Canadian pot company to invest in? Cannin is your trusted resource for information about Cannabis and Hemp stock investment opportunities. Our global team of experts evaluates emerging cannabis stock investing companies. We aggregate hundreds of hours of research and distill it down to make it easy for our investors to understand. We provide tips on the best cannabis and hemp stock investments for 2020. We provide the latest hemp investment news and analysis. Visit our site for cannabis investing news and featured companies, sign up for the free Cannin Chronicle or get a free trial of our smart cannabis and hemp stock algorithm to take the guesswork out of profiting from this exciting industry. Predict the price of cannabis and hemp stocks hours in advance with our machine learning algorithm. Is it too late to invest in marijuana? No! This is the perfect time.

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