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Home 🌿 Medical Cannabis News 🌿 Cannabis Products a Bright Spot for Terra Tech' Second Quarter 🌿

Cannabis Products a Bright Spot for Terra Tech' Second Quarter

Submitted by Marijuana News on Tue, 08/16/2016 - 08:20

Terra Tech (TRTC) reported financial results for the second quarter and the company saw significant growth from a revenue perspective on a year-over-year basis.

Although we are favorable on this top-line growth, a majority of this revenue was generated by its Edible Garden subsidiary which has a very low gross margin.

Cannabis Products…A Margin Story

Terra Tech’s cannabis products continue to be a bright spot for the company as revenue increased by more than 2,800% on a year-over-year basis.

When you compare the gross profit derived from Terra Tech’s Edible Garden subsidiary to its IVXX subsidiary, it is easy to see where the company needs to focus.

The Edible Garden subsidiary generated less than $460,000 in gross profit on more than $5.8 million in revenue, while IVXX recorded more than $1.1 million in gross profit on less than $3.8 million in revenue.

Positioned for Success ...

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