Stock Earnings Analysis: Earth Science Tech Inc (ETST), PotNetwork (POTN), Terra Tech Corp (TRTC)
Earth Science Tech Inc (OTCMKTS:ETST) reported the surge of 5.56% and closed at $1.90, with the total traded volume of 16,211.00 shares. During last trade its minimum price was $1.85 and it gained its highest price of $2.05 and has a total of 77.73 million outstanding shares.
Earth Science Tech, Inc., a biotechnology company, focuses on delivering nutraceuticals, bioceuticals, and dietary supplements in the areas of health, wellness, sports, and alternative medicine worldwide. It focuses on non-prescription nutritional and dietary supplements for the treatment of chronic pain, joint pain, inflammation, seizures, high blood pressure, memory loss, depression, weight management, nausea, aging, and overall wellness. The company also provides consulting services to the athletic facilities industry. Its marketing services include direct marketing, search engine optimization, public relations, email marketing, social media marketing, and development of referral programs. In addition, Earth Science Tech, Inc. retails health and wellness brands, as well as sports nutrition and dietary supplement products; and stocks and sells high grade cannabidiol rich hemp oil and products. The company was formerly known as Ultimate Novelty Sports, Inc. and changed its name to Earth Science Tech, Inc. in April 2014. The company was incorporated in 2010 and is headquartered in Boca Raton, Florida.
PotNetwork (OTCMKTS:POTN) showing jumped of 3.26% and closed at $0.0475, after gaining total volume of 1.36 million shares. It beta value stands at -343.38 points and has total market capitalization of $3.24 million and a total of 70.47 million outstanding shares.
SND Auto Group Inc., through its subsidiaries, operates an auto dealership and an online platform focusing on the Marijuana industry. It provides new and used cars, trucks, and SUVs. The company offers marijuana news ranging from crop reports to stock reports. It provides daily Internet video and written content in the areas of new product development, product availability in various states, product quality analysis by growers, rules of use and transport, interviews with CEOs of publicly trading marijuana stocks, marijuana report and analysis, interviews with attorneys who are well-versed in marijuana related issues, celebrities supporting marijuana related causes, information videos featuring all aspects of cultivation, general news and updates on the marijuana industry, farming reports, and price analysis. The company was formerly known as PotNetwork Holdings Inc. and changed its name to SND Auto Group Inc. in May 2016. SND Auto Group Inc. was founded in 2013 and is based in Los Angeles, California.
Terra Tech Corp (OTCMKTS:TRTC) decreased -1.46% closed at $0.270 and traded with total volume of 1.76 million shares, while the average trading remained 3.85 million shares. During last trade its minimum price was $0.27 and it gained the highest price of $0.28. Its market capitalization was $153.42 million.
Terra Tech Corp (TRTC) on March 7, 2017 announced the construction of a new cultivation facility in Oakland, California.
Terra Tech has executed a lease for 13,000 square feet of industrial space on over 30,000 square feet of land in Oakland’s industrial corridor. The Company is in the final stages of designing a state of the art cultivation facility projected to produce over one metric ton of premium grade cannabis per annum for its IVXX brand. The design includes fully automated environmental controls which are anticipated to reduce production costs associated with the cultivation of IVXX cannabis. Construction is expected to be completed by the end of Q3 2017, with full production capacity expected by the end of Q4 2017. As a partner to the City and in renewed commitment to the Oakland community, TRTC will work with the City of Oakland to ensure that the new cultivation facility meets all permitting and operational requirements, inclusive of any requirements that may be adopted by the Council.
Derek Peterson, Terra Tech Chief Executive Officer, stated, “This new facility will bring scale to our cannabis production capacity, representing yet another step towards increasing Terra Tech’s margins. We expect our expanded capacity to drive sales of our IVXX premium cannabis products in California, which is our leading market, as demand continues to strengthen.”
Salwa Ibrahim, Executive Director of Blum, commented, “The Oakland City Building and Fire Departments have been great to work with as we finalize our design schematics. The City is forward thinking with respect to best in class construction practices, especially green building practices. We built on our experience from previous designs and projects to streamline this construction process as we expand our capacity to meet the burgeoning demand in the emergent cannabis industry.”