Micro Cap Daily
A Step Forward For TOTALLY HEMP CRAZY (OTCMKTS:THCZ)
By Paul Knag on June 15, 2015 Micro Cap Insider, Small Caps
TOTALLY HEMP CRAZY (OTCMKTS:THCZ) is off a long way since the $0.30 plus share price the stock reached in April. We have been reporting on THCZ since the stock was $0.05 a share.
THCZ mission is to become the premier hemp beverage company in the world. The Company recently launched their Rocky Mountain High hemp beverage drinks on Alibaba and Amazon. Cold Spring Brewery in Minnesota initially produced about 4,100 cases as a test run which sold out in just 3 hours on Amazon.
TOTALLY HEMP CRAZY (OTCMKTS:THCZ) product seems to sell exceptionally well, maybe the following quote from Gadget White on Seeking Alpha explains why: ”THCZ has a GOOD product. I own stock and have tried the beverage. Not only does it taste much better than Monster energy drink and Red Bull, it is made from natural ingredients such as beet sugar and hemp seed which has been linked to many health benefits
Clever packaging and the purchase price is comparable to Red Bull. I am personally not a fan of energy drinks but not only do I enjoy this stuff, I have recommended it to my friends and several bar owners who also think it’s marketable and have ordered from Amazon. That says a lot. I see definite potential.”
On April 6 THCZ announced ”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.”
Later in April the Company announced a distribution agreement with the Dr Pepper Bottling Company of Elk City, OK. This is the first distribution deal for the Company in Oklahoma for the Rocky Mountain High hemp-infused line-up of beverages and is a possible gateway for other similar type of distribution deals.
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On May 11 THCZ announced the third production run of the Rocky Mountain High hemp-infused beverages (60,000 cases) is being scheduled with the bottling plant with a target production date within two to three weeks. The production run will include all four of the hemp-infused beverages.
The Company’s goal of producing over 1,000,000 cans of hemp-infused beverage products this quarter will be exceeded by 70%. After the next production run, the Company will have produced 1,720,000 cans.
Jerry Grisaffi said “Last week, THCZ took delivery of our first Rocky Mountain High Promotion Van and it is currently getting an exciting and colorful body wrap. Pictures of the van will be posted on our Facebook page as soon as it is completed. In addition to the new RMH Promotional Van, we are currently hiring the Rocky Mountain High’s Hemp Hotties squad in conjunction with our retail product launch initiative targeting the Austin, Texas area. These lovely girls will be initially visiting retailers and will also be attending select public events in the Austin, Texas area. Future plans will be to expand Nationwide.”
According to the 10Q THCZ filed on April 6 the Company has $523,000 in the treasury and a $1.17 million convertible note. They also have small but growing revenues reporting $67,663.51 in sales of its Rocky Mountain High hemp-infused beverages in the last two weeks. The stock trades at a $40 million market valuation.
