Big Days for TOTALLY HEMP CRAZY (OTCMKTS:THCZ)
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Posted On: 03/26/2015 6:19:01 AM
Big Days for TOTALLY HEMP CRAZY (OTCMKTS:THCZ)
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By Justin Kinney on March 25, 2015 Micro Cap Insider, Small Caps
TOTALLY HEMP CRAZY (OTCMKTS:THCZ) is making a spectacular move up on massive volume after their Rocky Mountain High Hemp Lemonade not only sold out in 3 hours it was also rated the 1 New release in the product category by Amazon.
We have been covering THCZ since the stock was under $0.05 and we saw $0.075 as a resistance of significant reporting at the time ”The magic tipping point here is $0.075 resistance; a break over and THCZ is wide open.”
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 Totally Hemp Crazy launched 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.
At the end of February 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.”
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.
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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.
On March 24 THCZ announced the first product shipment to arrive at the Tennessee AMAZON.com regional facility sold out in a three hour period. Additional product has arrived in the Pennsylvania and California facility and is now available for purchase. The Company will prepare a second shipment to the Tennessee location this week.
AMAZON.com this week rated Rocky Mountain High Hemp Lemonade as the #1 New release in the product category.
CEO Jerry Grisaffi said “We are thrilled that product has gone up for sale at AMAZON.com and extremely pleased to see a sellout of the first shipment in three hours. Based on initial sales, we have decided to move forward and order our second production run out of the award winning Minnesota bottling plant. We have several exciting distribution deals that will be finalized in the next couple of days and will make announcements in the coming weeks.”
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Currently trading at a $30 million market valuation THCZ has minimal assets and revenues and growing short term debt. But this is an exciting story developing in small caps; THCZ Rocky Mountain High Hemp Lemonade not only sold out in 3 hours it was also rated the 1 new release in the product category by Amazon. THCZ is supported by a fast growing and loyal shareholder base that swears this one goes higher. We will be updating on THCZ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with THCZ.
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