Terra Tech Corp (OTCMKTS:TRTC) is a micro-cap stock that recently took a spill on the chart as part of a clear technical breakdown. The level – at $0.225 – is one we have reported on several times, noting that it might be a dangerous ride for a few days if it broke. Well, it broke last week, and broke hard, sending stop-loss orders to the doorway for a two-day 20% dump.

That said, we are seeing a bid develop without a whole lot of follow-on supply, which is an encouraging signal at this point, though bulls aren’t necessarily out of the woods just yet. In a timely update, the company noted in a release toward the end of the week that “its Chairman and Chief Executive Officer, Derek Peterson, will present at the 2017 Canaccord Genuity Cannabis Conference on Wednesday, May 10th at 1PM Eastern at The Intercontinental Barclay New York in New York City.” If you’re not familiar with the company, this is a highly diversified player with deep roots in the cannabis patch.

Terra Tech Corp (OTCMKTS:TRTC) has positioned itself in the cannabis space as a company that engages in the design, marketing, and sale of hydroponic equipment with proprietary technology to create sustainable solutions for the cultivation of indoor agriculture in Newport Beach and Irvine, California.

It operates through two segments, Hydroponic Produce and Cannabis Products. The company offers environmental controllers and timers; ballasts; bulbs; reflectors; nutrients; and portable hydroponic trailers and The Big Bud and Little Bud, which are custom fabricated proprietary cultivation systems for horticulture enthusiasts, local urban farmers, and greenhouse growers

Terra Tech Corp also operates as a retail seller of hydroponic produce, herbs, and floral products, which are distributed in the Midwest and the Northeast United States; and produces and sells a line of cannabis flowers and cigarettes, as well as a line of cannabis pure concentrates, including oils, waxes, shatters, and clears to dispensaries in California.

TRTC operates through multiple subsidiary businesses, including Blum, IVXX Inc., Edible Gardens, MediFarm LLC and GrowOp Technology.

Blum’s retail medical cannabis facilities focus on providing the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions. Blum offers a broad selection of medical cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations.

IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces medical cannabis-extracted products for regulated medical cannabis dispensaries throughout California. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Winn-Dixie, Raley’s, Meijer, Krogers, and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, Pennsylvania and the Midwest.

Terra Tech’s MediFarm LLC subsidiaries are focused on medical cannabis cultivation and permitting businesses throughout Nevada. The Company’s wholly-owned subsidiary GrowOp Technology specializes in controlled environment agricultural technologies.

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As noted above, TRTC has been technically purging itself in recent days on a technical break of longer-term support that dates back to March of 2016, over 13 months ago. The company is battling the new 52-week lows with a likely well-anticipated presentation at the Cannacord cannabis conference.

If there was an important financial brand for cannabis players, it must be Cannacord. They have the deepest ties after publishing the most important and most highly-regarded analysis last year pointing out why investors needed to start paying attention to the pot plays before the big runs.

Derek Peterson, Chairman and CEO of Terra Tech Corp., commented, “Canaccord is one of the leading investment banks with expertise in the cannabis sector and we are pleased to be invited to present at its conference. Terra Tech continues to go from strength to strength and we look forward to educating interested investors about our business.”

At this time, carrying a capital value in the market of $127.9M, TRTC has a significant war chest ($9.7M) of cash on the books, which must be weighed relative to about $564K in total current liabilities. TRTC is pulling in trailing 12-month revenues of $25.3M. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 228.6%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. For continuing coverage on shares of $TRTC stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!