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Microcap Stocks To Watch Thursday - Terra Tech, Zhone Technologies


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2013-01-24 00:05:40 - Microcap Stocks To Watch Thursday - Terra Tech (OTCBB: TRTC) $0.45 and Zhone Technologies (Nasdaq: ZHNE) $0.66.

Terra Tech Corp. (OTCBB: TRTC) $0.45. Announced Wednesday after market close the launch of its plug and play mobile hydroponic chamber, The Bloom Room. This 34’ unit is built inside a discreet 3-axle mobile car trailer, however inside is everything the discerning cultivator needs to produce high-grade medical cannabis. Their first production is being shipped to customers in Colorado, who recently passed amendment 64 for full recreational legalization. According to a survey by the National Cannabis Industry Association, the Colorado medical marijuana industry generated more than $181 million in sales since 2010. The base units start at $42,000.

“As legalization takes hold and the production and distribution of regulated medical cannabis are replacing the back alley deals, quality and cultivation standards

are increasing claims Peterson, CEO of Terra Tech. “Units like our Bloom Room are replacing cultivation in garages and basements bringing a higher level of safety and quality to patients in medically legal states

The Bloom Room is configured with 16 High Pressure Sodium, HPS, lights, digital ballasts, carbon filtration for odor, fire suppression systems and a fully automated control system to monitor your facility from your smart phone. Portability is important aspect of Terra Tech’s design; construction is done at Terra Tech’s factory allowing the grower to maintain privacy from contractors. In addition the cultivator can easily move his facility from one location to the next, avoiding the expense of relocation.

What They Do: Through its wholly-owned subsidiary GrowOp Technology, Terra Tech Corp. 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.


Zhone Technologies (Nasdaq: ZHNE) $0.66. Announced Wednesday after market close its financial results for the fourth quarter ended December 31, 2012.

Revenue for the fourth quarter of 2012 was $28.3 million compared to $29.2 million for the third quarter of 2012 and $33.4 million for the fourth quarter of 2011. Net profit for the fourth quarter of 2012, calculated in accordance with generally accepted accounting principles GAAP, was $0.7 million or $0.02 per share compared with a net loss of $4.2 million or $0.14 per share for the third quarter of 2012 and a net loss of $4.6 million or $0.15 per share for the fourth quarter of 2011. Adjusted earnings before stock-based compensation, interest, taxes, depreciation and impairment of long-lived assets adjusted EBITDA was an adjusted EBITDA profit of $0.9 million for the fourth quarter of 2012, compared to an adjusted EBITDA loss of $3.2 million for the third quarter of 2012 and an adjusted EBITDA profit of $0.3 million for the fourth quarter of 2011.

What They Do: Zhone Technologies is a global leader in all IP multi-service access solutions, serving more than 750 of the world's most innovative network operators.


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