Source: Small Cap Network, By Peter Graham
Small cap marijuana stocks Terra Tech Corp (TRTC), Citadel EFT Inc (CDFT) and Creative Edge Nutrition Inc (FITX) were all heading in different directions last Friday, in part, due to news.
Last Friday, small cap marijuana stocks Terra Tech Corp (OTCMKTS: TRTC), Citadel EFT Inc (OTCMKTS: CDFT) and Creative Edge Nutrition Inc (OTCMKTS: FITX) were all heading in different directions thanks to news. Specifically, small cap Terra Tech Corp surged 24.24% thanks to being featured on Bloomberg while Citadel EFT Inc sank 35.29% and Creative Edge Nutrition Inc rose 1.95%. So what is happening with these small cap marijuana stocks to cause their high, low or flat notes? Here is a closer look to help you decide on an investing or trading strategy:
Terra Tech Corp’s (OTCMKTS: TRTC) CEO Appears on Bloomberg
Small cap Terra Tech Corp through its wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. On Friday, Terra Tech Corp surged 24.24% to $0.697 for a market cap of $86.13 million plus TRTC is up 248.5% over the past year and down 39.4% over the past five years according to Google Finance.
What’s the Catch With Terra Tech Corp? According to various disclosures, no transactions have occurred to mention Terra Tech Corp in various investment newsletters. Last Friday, Terra Tech Corp’s CEO & President Derek Peterson (who is apparently ex-Morgan Stanley) discussed developing greenhouses for growing quality medical marijuana on Bloomberg Television’s “Taking Stock.” He noted that the future of cannabis cultivation will be inside commercial Dutch hydroponics style complexes that use the sun’s energy without the 100,000+ electric bills and a recent trip to Denver revealed $5k and $8k per pound retail prices in Denver for recreational cannabis while wholesale prices were 50% of that and prices were 20% less than those figures in other parts of the country. Apparently, Terra Tech Corp is focusing on building out its infrastructure first by initially focusing on growing a fresh and locally grown produce brand and then transitioning into or adding marijuana, cannabis and hemp when it makes (legal and finance) sense to do so. Otherwise and late in February, Terra Tech Corp announced the formation of a team that will focus on medical cannabis opportunities in the Northeast. A quick look at Terra Tech Corp’s financials reveals revenues of $773k (most recent reported quarter), $665k, $66k and $152k for the past four reported quarters along with net losses of $15k (most recent reported quarter), $1,077k, $1,548k and $235k. At the end of September, Terra Tech Corp had $41k in cash to cover $3,799k in current liabilities. Nevertheless, Terra Tech Corp does have an interesting business model or plans that could be worth taking a closer look at.
Citadel EFT Inc (OTCMKTS: CDFT) is Taking Legal Action Against a Critic
Small cap Citadel EFT Inc has been helping companies for over 20 years establish a merchant account for credit card processing. Citadel has no monthly fee and no minimums for our credit card service. On Friday, Citadel EFT Inc sank 35.29% to $1.10 for a market cap of $74.01 million plus CDFT is up 7,646.5% over the past year and up 816.7% in intermittent trading since June 2011 according to Google Finance.
What’s the Catch With Citadel EFT Inc? According to various disclosures, no transactions have occurred to mention Citadel EFT Inc in various investment newsletters. Last Friday, Citadel EFT Inc issued a press release to comment on processing solutions and the legal marijuana industry with the CEO saying:
“The trend is clear, the medical marijuana industry generated over $1.5 billion in revenue nationwide last year, and is expected to grow to $9 billion by 2016, offering Citadel multiple opportunities in a spectrum of transaction processing solutions using traditional, Internet point-of-sale, e-commerce, and mobile (wireless) terminals that are safe, legal and fully compliant with Federal and State laws designed specifically for the legal marijuana industry. This will be the focus of our 2014 business plan.”
Full Article Source: http://www.smallcapnetwork.com/Three-Marijuana-Small-Caps-Hitting-All-High-Low-or-Flat-Notes-TRTC-CDFT-FITX/s/via/21051/article/view/p/mid/1/id/318/