Terra Tech Corp (PK:TRTC)

Sector:  Healthcare Industry:  Pharmaceuticals
See Regulatory Filings on SEC
Company Contact
Address: 2040 Main St Ste 225
IRVINE CA 92614-8219
Tel: N/A
Website: https://www.terratechcorp.com
IR: See website
Key People
Derek Peterson
Chairman of the Board
Michael A. Nahass
President, Chief Executive Officer, Chief Operating Officer, Treasurer, Secretary, Director
Jeffrey Robert Batliner
Chief Financial Officer
Business Overview
Terra Tech Corp. is a cannabis-focused agriculture company. The Company operates through two segments: Hydroponic Produce and Cannabis Products. The Company, through its subsidiary, GrowOp Technology Ltd., is engaged in the design, marketing and sale of hydroponic equipment. It is also a retail seller of locally grown hydroponic produce, herbs, and floral products through its subsidiary, Edible Garden Corp. (Edible Garden). It intends to operate medical marijuana cultivation, production and dispensary facilities in Nevada through its subsidiaries, MediFarm, LLC (MediFarm), MediFarm I, LLC (MediFarm I) and MediFarm II, LLC (MediFarm II). Through its subsidiary, IVXX, Inc. (IVXX), it produces and sells a line of cannabis flowers and cigarettes, among others. The hydroponic produce segment consists of Edible Garden's business and operations. Its cannabis products segment consists of IVXX's business, as well as the proposed business operations of MediFarm, MediFarm I and MediFarm II.
Financial Overview
For the six months ended 30 June 2020, Terra TechCorp revenues increased 17% to $7.6M. Net loss beforeextraordinary items increased 49% to $30.5M. Revenuesreflect Corporate segment increase from $0K to $868K,Cannabis Dispensary, Cultivation and Production segmentincrease of 4% to $6.8M. Higher net loss reflects CannabisDispensary, Cultivation and Production segment lossincrease from $3.7M to $14M.
Employees: 60 as of Sep 30, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $41.47M as of Sep 30, 2020
Annual revenue (TTM): $20.07M as of Sep 30, 2020
EBITDA (TTM): -$13.13M as of Sep 30, 2020
Net annual income (TTM): -$53.01M as of Sep 30, 2020
Free cash flow (TTM): -$19.61M as of Sep 30, 2020
Net Debt Last Fiscal Year: $12.39M as of Sep 30, 2020
Shares outstanding: 192,395,755 as of Nov 2, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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