In last trading session, the stock price of Terra Tech Corp (OTCMKTS:TRTC) jumped more than 22% to close the day at $0.580. The massive gains came at a share volume of 22 million compared to average share volume of 10.23 million.
The news
Terra Tech reported that its subsidiary, Edible Garden, has finalized an exclusive license deal with Nutrasorb LLC, to grow and market nutritionally-enhanced lettuce varieties. Under the deal terms, Edible Garden possess the right to cultivate and sell Red and Green Super Lettuce varieties across Australia, the European and North American continents.
The produce is projected to be rich in vitamins A and C, potassium, magnesium and iron contents. It will have high levels of chlorogenic acid and fiber. These nutritionally-enhanced, Lettuces were advanced by scientists after years of intensive research.
The expert views
Derek Peterson, the CEO of Terra Tech, said that Edible Garden’s one of the main growth goals for this year covers expanding its product range of non-GMO plants. This deal allows company to cultivate the first ever nutritionally enhanced blend of lettuce. The single serving of lettuce has over 2.5 times antioxidants that help in maintaining metabolic health and wellness.
Edible Garden plans to cultivate lettuce super blend 100% naturally. The management is thrilled about this deal and extremely delighted that Rutgers and Nutrasorb scientists have selected to work with Terra Tech’s subsidiary on this key project.
The highlights
Ken VandeVrede, the COO at Terra Tech, said that all produce will be rich in vitamins and antioxidants and locally cultivated in a controlled greenhouse environment. The nutritionally enhanced vegetables will fulfill consumer demand for all-natural, nutritious produce. Due to the technology behind them, the company has the potential to bring a transformational impact on the lettuce industry. Cultivating nutritionally-enhanced leafy vegetables differentiates them from competition and focuses on credentials as pioneers in the healthy living industry.
