Terra Tech Corp. Provides Strategic Business Update for 2018

IRVINE, CA--(Marketwired - March 12, 2018) - Terra Tech Corp. (OTCQX: TRTC) ("Terra Tech" or the "Company"), a vertically integrated cannabis-focused agriculture company, today provided a business update for 2018. These topics will be discussed in more detail on the Company's earnings call this Thursday, March 15^th, details of which can be found on the Company's website.

Business Update:

• Company secures $40 million investment, to be made in eight tranches of $5 million over 24 months
• Capex to be directed toward the build out of the Company's cultivation, extraction and retail infrastructure in California, Nevada and New Jersey
• Capital injection positions the Company to leverage M&A opportunities and ramp its sales and marketing strategy
• 1 for 15 reverse split to be effected on March 13, 2018, to position the Company for a potential uplisting

Derek Peterson, Chief Executive Officer of Terra Tech, commented, "We continue to make significant headway executing on our strategy to position Terra Tech as a foremost player in the multi-billion dollar legal cannabis market. Our Blüm retail dispensaries and wholesale high grade 'IVXX™' flowers and oils have emerged as leaders in the California and Nevada markets, cementing our reputation as a premium brand and driving rapid revenue growth for the Company over the past several quarters. Securing this capital injection will allow us to navigate Terra Tech through the next stage of its growth trajectory as we scale the business to provide for our large and growing customer base. The funds will be used to develop the Company's cannabis cultivation and retail infrastructure in California and Nevada, as well as to complete the build out of a major new pack house in New Jersey to serve our Edible Garden subsidiary and position the Company to penetrate the New Jersey cannabis market, which is expected to legalize adult-use cannabis this year. It will also position the Company to take advantage of M&A opportunities as they arise. Our aggressive expansion plan is designed to build value for shareholders by further entrenching Terra Tech in the cannabis industry and securing our position as nationwide leaders in both the wholesale and retail markets. We are also effecting a reverse split in conjunction with the capital raise which is intended to increase the per share trading price of Terra Tech's common stock to satisfy the minimum bid price requirement for uplisting to a major stock exchange."