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Stock Spotlight on TOTALLY HEMP CRAZY (OTCMKTS:THCZ)
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By Amy Murphy on March 9, 2015 Media & Technology, Micro Cap Insider
TOTALLY HEMP CRAZY (OTCMKTS:THCZ) is making a huge move up on massive volume off its base just under a penny. Over the past few weeks THCZ has transformed from illiquid at a penny to one of the top traded stocks on the entire bb’s.
The current run is marked by steady accumulation and bigger volume then the stock has ever traded before. In a very bullish move THCZ has also surpassed the stock’s previous high’s last year of $0.05 a share
TOTALLY HEMP CRAZY (OTCMKTS:THCZ) mission is to become the premier hemp beverage company in the world, leveraging their team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit.
The stock has been upward bound in recent months as the Company unveils their plans to launch their Rocky Mountain High hemp beverage drinks. THCZ said in December that the first products to be produced will be the Rocky Mountain High Hemp Iced Tea™, Rocky Mountain High Hemp Lemonade™ and Rocky Mountain High Hemp Energy Drink™.
The second wave of hemp infused products to be launched into the marketplace will feature wine based alcoholic beverages (12.5% alcohol) in a 375ml PET flask. The target date for this launch is mid-spring 2015.
On February 25 THCZ said the final inspections of the new production run have been completed and that the product can now start to be shipped. The initial shipment out of the Minnesota plant will consist of 4,160 cases and is scheduled to leave late this week to a regional Amazon warehouse.
CEO Jerry Grisaffi stated, “We are pleased and excited to begin the initial phase of our aggressive sales campaign by distributing our product line of Rocky Mountain High hemp beverage drinks to thousands of nationwide convenience and grocery store locations. We look forward to working with Mr. Checkout distributors and their retail partner network to place our beverage products in the hands of customers throughout the nation.”
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The Company had announced earlier that Amazon will pick, pack, ship, and provide customer service for these great tasting products. The fulfillment agreement with Amazon will include Amazon inventorying the products in their fulfillment centers.
THCZ has been successful thus far in securing distribution for the new beverage drinks announcing a merchandising agreement has been signed with Mr. Checkout, which is a national marketing Co-Op for a distribution group of approximately 35,000 convenience stores around the country.
The Company also signed an agreement with Astentalia, LLC for distribution in restaurants, bars and night clubs in the Orlando, Florida area. An initial order has been placed for three pallets of the product and will be processed and shipped from the Minnesota plant location.
CEO Jerry Grisaffi recently said ”We anticipate launching roughly a dozen or more Hemp-Infused beverage products into the marketplace in the next 12 months. We look forward to producing beverages under such great names as Tequila Sunrise, Sex on the Beach, Hemp-a-Rita, Screw Driver and Fiery Hell. We have received numerous requests to meet with hemp industry leaders and we are trying to land a financing package that is both investor and company friendly.”
There are plenty of reasons to get excited about pot stocks here; according to a recent report from MMJ Business Daily, 2015 is expected not only to see more investment dollars flow into the market but it could even outpace the growth rate seen in 2014. States like Nevada, Illinois, Massachusetts, Oregon, and Alaska have all been identified as industry drivers this year. Furthermore, the rise in “big money” from some major investment funds has just started to hit the sector.
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Currently trading at a $14 million market valuation THCZ has minimal assets and revenues and growing short term debt. But this is an exciting story developing in small caps; the Company has just launched an exciting new product and is quickly developing a loyal shareholder base that swears this one goes higher. THCZ is a stock to watch.
