Terra Tech Corp (OTCMKTS:TRTC) Set to Become the Largest Cannabis Operator in the Country

Terra Tech Corp (OTCMKTS:TRTC) has been making significant progress through its subsidiaries, MediFarm and Edible Garden. Edible Garden recently achieved the “GFSI Food Safety Certification”, for its hydroponic farm located in New Jersey. The achievement came just days after MediFarm, another Terra Tech subsidiary, received permits to operate two additional medical dispensaries in Nevada. The permit classifies Terra Tech as the largest cannabis operator, being publicly traded, in the country.

The GFSI certification is a globally accepted standard for best food safety management purposes. The certificate guarantees food safety along the supply chain by assessing agricultural practices, operating procedures and manufacturing practices. The CEO of TRTC, Derek Peterson, stated that the certification holds great value for the harvesting and processing divisions as well as the countrywide operations of the company. He also revealed that his company is working to obtain a medical cannabis permit in the New Jersey region and then expanding to other states from thereon. He also clarified that the operational protocols and high standards are what sets his company apart from the competition and also aids them in obtaining permits from the authorities.

Soon after a second subsidiary of TRTC, MediFarm, announced that it had obtained permits to operate two dispensaries in the state of Neveda. It is important to note here that the company already holds a provisional certificate, from the “Department of Health and Human Services”, to begin operations. The company was awarded the permit, even though it held the 6th and 7th positions, from a total of 37 applications for dispensaries in the region. After the announcement, Mr. Peterson revealed that the company now had a total of four dispensaries, two cultivation centers and two production and extraction facilities in the state. He also expressed his confidence in the company to break ground, manage and complete all these projects simultaneously with the current resources.

Terra Tech Corp (OTCMKTS:TRTC) traded a total of 2.3 million shares during the September 11 session to close at $0.105, after losing 3.9% of its share value.

 

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Standley Adam

Standley Adam

Adam is a staff reporter for US Markets Daily Publications & Media, covering foreign affairs and domestic policy.