Terra Tech Signs Distribution Agreement in SoCal
September 24th, 2015
Terra Tech Corp. ( ), a vertically integrated cannabis-focused agriculture company, recently announced an exclusive agreement with a large distributor based in Southern California that specializes in the placement of medical cannabis infused products and concentrates. According to management, distribution has already started on a limited basis with the company reporting unprecedented sales growth as a result.
“This period is shaping up to be a record quarter for us, as we have already sold more IVXX cannabis products and concentrates than any other quarter in company history,” said CEO Derek Peterson. “As we continue to ramp up our marketing efforts and raise visibility of the IVXX brand, we’re working hard to further expand our relationship with the Southern California distributor and to strengthen relationships with distributors and retailers beyond California.”
The announcement comes shortly after the company announced an up-listing to the OTCQX and the ongoing expansion of its IVXX branded cannabis products, which are now available at seven additional California-based medical cannabis collectives. In addition, the company launched its website for the brand at www.ivxx.com where patients and enthusiasts can learn more about the products, find local retailers, and purchase branded gear.
“During the quarter, we’ve continued to garner significant traction throughout California, particularly in the Southern region,” said Derek Peterson CEO of Terra Tech. “These new outlets represent the progress we’ve made to date in accommodating the needs of local communities and further strengthening the Terra Tech brand. Looking ahead, we’re well on our way to become industry’s most trusted supplier of exceptional premium cannabis products.”
Shares of Terra Tech jumped nearly 3% in early trading on Thursday, September 24, 2015 following the news release.
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