Smallcapvoice.com, Inc.

Revenue increased 111% over first quarter 2019 IRVINE, CA / ACCESSWIRE / June 18, 2020 / Terra Tech Corp. (TRTC) ("Terra Tech" or the "Company") today announced its financial results for the quarter ended March 31, 2020. Matthew Morgan, Chief Executive Officer of Terra Tech, commented, "Our first quarter results demonstrate continued improvement in our cannabis operations, driven by both medical and adult-use sales from our San Leandro Blüm dispensary as well as wholesale revenues. Following the COVID-19 pandemic, which has resulted in many retailers delaying purchase decisions and reversing plans to launch new CBD products in stores, it has become clear to us that we must focus on our THC business in California to maximize near-term revenues. We have therefore chosen to postpone our expansion strategy in the CBD market through our OneQor business. For us to advance our strategy, we are now completing a number of asset sales in order to strengthen the Company's cash position and redirect resources to assets t