A hot OTC penny stock is Terra Tech Corp (TRTC) , which is a cannabis-focused agriculture company. Shares of the company are currently trading in the $0.33-$0.34 range, and the current market capitalization of the company is just over $118 million. Over a 52-week period, shares of the company have traded in the $0.08 to $0.75 range.
The company engages in two primary fields of business – hydroponic produce (including produce, herbs, cigarettes and floral products) and cannabis products (including the design, marketing and sale of equipment).
TRTC is looking to make a major move within the expanding cannabis industry. In fact, a number of other cannabis and medical marijuana companies are also seeing heavy trading volume right now in the OTC markets. Investors refer to this as the “Green Rush” – the great race to become a market leader within the emerging cannabis industry.
Obviously, there is a tremendous amount of regulatory risk surrounding California-based TRTC (and every other company in the industry), but the growing consensus appears to be that this is a fast-growth field with enormous market potential.
There’s one upcoming stock catalyst for TRTC, and that’s new ballot initiatives currently under consideration within California and Nevada that would further legalize marijuana use within the country. The company has already launched plans to operate medical marijuana facilities in Nevada through a number of subsidiaries. Recent concerns about a reverse stock split at the company seem to be over, and that could free up the stock to make a move upward if the ballot initiatives pass.
What makes TRTC stand out from other competitors in the industry is its focus on both the demand and supply side of the market. For the demand side of the market, it operates the Edible Garden Corp. subsidiary, which sells produce and herbs. In September, the company unveiled a new product range, known as the Living Herb line. For the supply side of the market, it operates the GrowOp Technology subsidiary, which provides the “picks and shovels” to other companies prospecting in the “Green Rush.” Sign Up Now at MegaPennyStocks Get The Details TRTC and Similar Hot Penny Stocks