Totally Hemp Crazy Inc. Generates Revenues From th
Post# of 75357
Posted On: 04/06/2015 1:49:43 PM
Totally Hemp Crazy Inc. Generates Revenues From the Production of Rocky Mountain High Hemp Infused Beverages
Totally Hemp Crazy Inc. (OTC PINK: THCZ) announced today that third quarter financials have been posted and the Company has recorded revenues of $67,663.51 for sales of its Rocky Mountain High hemp-infused beverages in the last two weeks of March 2015. Based on current predictions the Company expects the next quarter sales to be in excess of $700,000.
THCZ has increased the quantity of the next production run by 25% to 60,000 cases of their products in order to keep up with projected sales. The Company expects to have successive manufacturing runs for the next 6-12 months.
THCZ has made arrangements with the North Texas Mountain Valley Spring Water Company in Carrollton, Texas (DBA Water Event) to share their warehouse facilities in Dallas and Austin. Arrangements are being made to transfer the remaining product from the Minnesota bottling plant to these Texas warehouses.
Jerry Grisaffi, Founder of THCZ, stated, "The Company is very aggressively addressing the Caveat Emptor status with OTCMarkets.com. We feel this has been done in error and we are working closely with the compliance department to get this issue resolved in an expedited manner. Investor excitement about the potential for the product being the next 'Red Bull' has generated record volume and share price all-time highs last week, and that triggered OTCMarkets.com to place the Company on alert. We believe the Caveat Emptor legend will be removed in the next few days."
Totally Hemp Crazy Inc. (OTC PINK: THCZ) announced today that third quarter financials have been posted and the Company has recorded revenues of $67,663.51 for sales of its Rocky Mountain High hemp-infused beverages in the last two weeks of March 2015. Based on current predictions the Company expects the next quarter sales to be in excess of $700,000.
THCZ has increased the quantity of the next production run by 25% to 60,000 cases of their products in order to keep up with projected sales. The Company expects to have successive manufacturing runs for the next 6-12 months.
THCZ has made arrangements with the North Texas Mountain Valley Spring Water Company in Carrollton, Texas (DBA Water Event) to share their warehouse facilities in Dallas and Austin. Arrangements are being made to transfer the remaining product from the Minnesota bottling plant to these Texas warehouses.
Jerry Grisaffi, Founder of THCZ, stated, "The Company is very aggressively addressing the Caveat Emptor status with OTCMarkets.com. We feel this has been done in error and we are working closely with the compliance department to get this issue resolved in an expedited manner. Investor excitement about the potential for the product being the next 'Red Bull' has generated record volume and share price all-time highs last week, and that triggered OTCMarkets.com to place the Company on alert. We believe the Caveat Emptor legend will be removed in the next few days."
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