Cannabis stocks are known for their volatility as much as they are their massive potential. Existing shareholders of Terra Tech (OTC: TRTC) will know firsthand what the volatility can be like. However, despite a rough ride in the over-the-counter stock market, there are still investors who believe in this stock. Is it right for your alternative investment portfolio?
Terra Tech failed to meet revenue expectations in its most recent quarterly report. The company reported $6.92 million in sales from the previous quarter, compared to $11 million a year ago.
There’s hope for a turnaround and some investors are banking on it quite heavily. Terra Tech is a vertically integrated agriculture company in the legal cannabis industry. It has investments and subsidiaries everywhere from seed research and cultivation, to production and dispensing.
The company has also pushed through the politics of legal cannabis, recently winning the right to sell adult-use medical cannabis at one of its key dispensaries in San Leandro, California. Terra Tech is priced at a bargain today which can make it attractive despite the volatility. The legal marijuana industry is expected to be worth $50 billion by 2026, and Terra Tech is in a strong position to become one of its most prominent players.
- 1 Year Price Growth: -64.41%
- YTD Price Growth: 62%
- 3 Month Price Growth: 28%
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.