Terra Tech Corp. (OTCMKTS:TRTC) Runs on Licensing News
Yesterday’s session was already good news for Terra Tech Corp. (OTCMKTS:TRTC) shareholders. The company’s share price continued its green move from Friday and TRTC sailed to a close 20% up. After trading close to the opening price through the better part of the session, an afternoon boost sent TRTC to its big green close.
The company surged right out of the gates at today’s opening bell, further boosted by a news release related to its Nevada licenses. TRTC announced that through its Medifarm subsidiaries the company received a total of 8 provisional licenses, including 4 for dispensaries, 2 for cultivation and 2 for production locations.
The press release includes a more detailed breakdown of licenses received and how far each of the locations has gone with the steps of the process.
An interesting piece of extra media coverage was put up yesterday, later mirrored on the company’s Facebook profile. It was connected to a dispensary in Reno, Nevada. TRTC is in negotiations to buy a currently existing retail location and transform it into a dispensary.
TRTC‘s volume was particularly heavy yesterday, at over 8 million shares traded – the company’s biggest daily volume since June. Today volume is very heavy right from the open, with 3 million shares within half an hour of trading.
It remains to be seen whether this rally will continues or enough people decode tp sell, now that TRTC is trading at prices last seen in July.