Terra Tech Corp., a leader in sustainable hydroponic produce cultivation, recently announced revenue guidance of $800,000 for the second quarter 2013.
Sales through Edible Garden and its line of locally grown hydroponic produce, which is distributed throughout the Northeast, have been strong for Terra Tech since the close of the merger in April. To date the company has recognized sales of approximately $200,000 in the second quarter, which is an increase of 300% compared to Q2 2012.
“Management is pleased to announce its anticipated strong revenue growth for the company’s second quarter 2013,” stated Derek Peterson, CEO of Terra Tech. “We expect Q2 2013 to be a record quarter for Terra Tech primarily due to the successful integration of Edible Garden. We believe that we are well positioned throughout the Northeast and forecast our revenue growth will come from our line of Living Produce. The company is dedicated to its strategy of securing new contracts, entering new markets through partnerships, and improving shareholder value.
Edible Garden’s living produce is hydroponically cultivated and delivered to stores with its root system intact. The produce is never cut or truly harvested resulting in a live product that continues to grow ensuring consumers the freshest and most nutritious produce available. Their products are available in approximately 400 retailers throughout New Jersey, Connecticut, Delaware, Maryland, New York and Pennsylvania.
For more information about Terra Tech Corp visit: www.terratechcorp.com
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