In an 8-K filed with the SEC on January 25th, Terra Tech Corp. (OTC:TRTC) disclosed that the company entered into a Lock-Up Agreement with Michael Nahass, the company’s President, Chief Operating Officer, Secretary and Treasurer, under which Mr. Nahass agreed not to sell any shares of TRTC for a period of one year from the date of the Lock-Up Agreement.

Based on a Form-4 filed with the SEC on the same day, Michael Nahass beneficially owns 33,336,460 common shares of TRTC. At a last trade price of $0.34 per share, Mr. Nahass' ownership is valued at approximately $11,334,396.40. This represents roughly 3.595% of the 927,278,392 shares outstanding as of December 31st, 2017.

This lock-up agreement closely follows a similar one that the company signed with CFO Michael James on January 18th.

To sign up for Terra Tech-specific alerts, click here. To stay up to date with important developments in the cannabis industry, be sure to subscribe to one or more of our free email newsletters. Also, connect with The Daily Marijuana Observer on Facebook, Twitter, StockTwits and Instagram!

D/M/O