According to reports, Terra Tech Corp. (OTCBB: TRTC) The nation’s first medical marijuana-friendly hydroponics manufacturing company, has developed digital environmental controllers for indoor and urban agriculture. This is Terra Tech's second line of products in this area of agriculture.
In a recent press release, Terra Tech Corp CEO Dereck Peterson said,“Managing a large scale indoor cultivation effort is a time consuming and tedious process, fraught with significant opportunities for error. Automation is a core focus for GrowOp and Terra Tech and our tools help significantly increase productivity and yields while reducing the margin for error."
On their website, the company states that it hopes to, "...transform, through innovation, the way we feed the global population through methods that are both sustainable as well as environmentally friendly..."
Terra Tech is one of many penny stocks involved in the legalized side of the marijuana industry. Since marijuana possession and recreational use was made legal in Colorado and Washington since November 2012, Marijuana stocks have been on the move.
One of those companies, Medical Marijuana Inc. (OTC: MJNA), reported last month a $2.0 million-dollar increase last quarter in gross revenue. Currently Terra Tech is trading up 5.72 percent at $0.61. This has been Terra Tech's busiest month since August 2012 when it was trading around the same price. Early August 2012 saw the stock at $1.00 a share.