Terra Terra Tech Corp. (OTC: TRTC) is a fully integrated cannabis company that cultivates, produces, and retails adult-use, medical, and agricultural cannabis products. The company is also a major investor in the cannabis industry, with one of its business divisions solely focused on purchasing real estate for cultivation and dispensary operations.

Terra Tech is a solid financial performer, having generated strong revenue growth in all but one of the previous five fiscal years. In 2019, sales revenue grew by 39.11%, while gross income was up 223.66%. The company generated a gross profit margin of 26.53% last year.

This penny stock pick is one of the most affordable in the market, and there are plenty of reasons for investors to consider it. Strong revenue growth is one of them. The company is focused on the California market, one of the largest and most developed cannabis markets in the world. The company is aiming to expand in 2020 with new real estate acquisitions, which will help to increase revenue in the mid and long term.

Some analysts have called the cannabis market ‘recession-proof’, due to the stability it has shown throughout the Coronavirus Pandemic. Terra Tech is one of the easiest ways for investors to take a position in the industry.

Key Data:

  • 1 Year Price Growth: -82.27%
  • YTD Price Growth: -16.88%
  • 3 Month Price Growth: -0.75%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.