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Is Terra Tech a Strong Buy? See our Fundamental Analysis to Determine if you Should Invest in this Cannabis Company.

terra tech cannabis stockTerra Tech – TRTC (OTC)

Recommendation: See Below

Terra Tech Corp. engages in the retail, cultivation, and production of medical cannabis and agricultural products. They operate through the following segments: Herbs and Produce Products; Cannabis Dispensary, Cultivation, and Production; and Real Estate and Construction. The Herbs and Produce Products segment includes herbs and leafy greens that are grown using classic Dutch hydroponic farming methods. The Cannabis Dispensary, Cultivation, and Production segments deal with cannabis-focused retail, cultivation, and production. The Real Estate and Construction segment consists of building ownership where cannabis dispensary and cultivation operations are in development.

Fundamentals
Profile:
HQ: Irvine, California, USA
Founded: 2008
Facilities: Nevada, California
Symbol: TRTC (OTC)

Focus: Neutral
Terra Tech is a vertically integrated holding company that is focused on the cultivation, production, and distribution of medical cannabis as well as agricultural products through its subsidiaries. Terra Tech is focused on business growth through its current free cash flow. Terra Tech aims to improve its margin and profitability by keeping its operational costs low through its ‘seed to sale’ system.

Size: Neutral
Market Cap: $21.51 million
Enterprise Value: $51.78 million
# of employees: 262

Markets: Neutral
Primary: Nevada, California
Secondary: New Jersey
Subsidiaries: Blum, Edible Garden, IVXX, MediFarm

Operations: Neutral
Cultivation:
Current production: NA
Future production: 13,000 sq ft facility in Oakland, CA with a production capacity of 2,000 pound

Distribution:
Direct sales: No
Store networks: Yes. Sold their dispensary in Las Vegas for $10 million. Opened their dispensary in San Leandro, CA recently.

Integration/Diversification:
Vertically integrated: Yes
Horizontally diversified: No

Financials:  Neutral
Outstanding shares (diluted): 103.2 mil
Revenue last quarter: $7.6 mil
EPS: ($0.13)

Management: Strong
CEO: Derek Peterson
CFO: Michael (Mike) James

Derek Peterson, CEO of Terra Tech, has more than 10 years of experience working in the banking and tax consulting industry. Derek himself is a medical marijuana patient and understands the pain points of patients. Michael James, CFO of Terra Tech, has more than 15 years of experience working in finance roles engaged in corporate restructuring and acquisitions.

Branding: Strong
Terra Tech operates brands through its subsidiaries operating in medical cannabis and urban agriculture. IVXX is the benchmark brand for the medical cannabis business and Edible garden is their benchmark brand for hydroponic produce cultivation using Dutch hydroponic farming methods.

Valuation: Strong
Current share price: US $0.18
Price to Sales: 0.49 (Tobacco industry Avg. = 5)
52 Week Low/High: $0.15 to $1.88
EV / Revenue: 1.45
Price to Book: 0.24

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Is Terra Tech a Strong Buy? See our Fundamental Analysis to Determine if You Should Invest in this Cannabis Company.

Financings: Strong
Terra Tech raised $6.29 million through its financing activities in the first nine months of 2019 as compared to $29.30 million in the first nine months of 2018. The decline was caused by debt repayments, acquisition of non-controlling interests and purchases of treasury stock.

Risks: High
The risks of investing in any cannabis company are currently high given the volatility of the market. The risks of investing in this company do not seem to have more risk than other cannabis companies.

Recommendation: Strong
Terra Tech is a vertically integrated holding company that is focused on the cultivation, production, and distribution of medical cannabis as well as agricultural products through its subsidiaries. Terra Tech is focused on business growth through its current free cash flow.

Terra Tech aims to improve its margin and profitability by keeping its operational costs low through its ‘seed to sale’ system.

In 2019, Terra Tech opened a dispensary in San Leandro, CA after getting approval from city and state authorities. They also sold their dispensary in Las Vegas for $10 million.

They are currently trading near there 12 month low of 0.15. Will its stock price improve in the long term? Likely

They had cash and cash equivalents of $1.86 million by the third quarter of 2019 as compared to $7.2 million in the same period in 2018 which is enough to meet their need of working capital for another year, barely.

Terra Tech had a gross profit of $3.9 million dollars, or 50.6% of sales in the third quarter and grew its sales to
$7.61 million in the third quarter as compared to $3.29 million for the same period in 2018. The rise in revenues was caused by the opening of a new store in San Leandro, CA.

Terra Tech recently signed an agreement to merge with a private pharmaceutical company OneQor Pharmaceutical in November 2019 which can help them expand operations. This will also allow CBD R&D and clinical trial experience.

TRTC has a price to sales ratio of 0.49. This is crazy low compared to the competition. Given the growth possible, and the fact that they are trading so low currently, there has to be some positive pricing movement.

For these reasons, we think Terra Tech Corp, at or near its current price of $0.18 a share, can be a good investment opportunity—however as the price rises this opportunity will eventually disappear.


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