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Terra Tech Corp. Reports Financial Results for the Second Quarter of 2019
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:36:51
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Sinopsis
Revenue increased 19% versus the second quarter in 2018; up 40% from first quarter 2019 IRVINE, CA / ACCESSWIRE / August 8, 2019 / Terra Tech Corp. (OTCQX:TRTC) (“Terra Tech” or the “Company”), a vertically integrated cannabis-focused agriculture company, today announced its financial results for the period ended June 30, 2019. Derek Peterson, Chief Executive Officer of Terra Tech, commented, “We generated $10.37 million in revenue during the second quarter of 2019, a 19% increase from the $8.72 million in the same period of 2018. Gross margins saw a 526-basis point improvement over the prior year’s quarter due to our lower cost of goods and higher margin private label sales. These strong results were driven by one of our healthiest quarters on the retail level, especially in our San Leandro dispensary which commenced adult use sales in May, further positioning us as a leading vendor in California. “The Company is as lean and healthy as it has ever been, and future quarterly results are expected to reflect th