With the emergence of the marijuana industry in the US, agricultural companies, especially those specializing in farming technologies, have found a new space to venture in. Terra Tech Corp is one such company. This agricultural firm has been producing controlled cultivation technologies since 2012, and has entered the cannabis industry in early 2014.
Terra Tech designs, markets, and sells products for indoor and outdoor farming, for both commercial and retail sectors. Through its wholly-owned subsidiary, GrowOp Technology Ltd, the company offers products made with their proprietary technology – from nutrients and lights to environmental controllers and hydroponic trailers.
The portable hydroponic trailers are some of the company’s highlighted products. They are touted as “the most advanced mobile controlled agricultural facilities”, and come in two varieties, the Big Bud and the Little Bud.
Though Terra Tech’s products are designed for traditional hydroponic cultivators and horticulturists, it has delved into the medical cannabis industry. At the start of 2014, it applied for license for a cannabis cultivation facility and dispensary in Nevada, becoming the first publicly traded company in the US to do so. The company has since created the subsidiary Medifarm LLC to focus on medical marijuana operations.
Terra Tech Corp was formerly in a different industry. It was incorporated in 2008 as Private Secretary, Inc, a VoIP software company. In 2012, it ceased its software operations as it had a merger with GrowOp Technology, leading to the current Terra Tech Corp.
Today, Terra Tech Corp is traded as TRTC in OTC markets, with a market cap of USD 68.26 M. It is led by Derek A. Peterson, its Founder, Chairman, CEO, and President. Other executives are Michael C. James, CFO; Amy Almsteier, Secretary, Treasurer, and Director; and Eric Krogius and Robert Drust, Co-Founders.
Terra Tech Corp.
18101 Von Karmen, Level 3
Irvine, CA 92612
Phone: (855) 447-6967
Fax: (888) 330-6883