TOTALLY HEMP CRAZY (OTCMKTS:THCZ) has been able to pause its downfall through a series of positive press notes. After the company expressed its intention of becoming a fully reporting company, here comes another update from it.
Series of announcements
According to the press release published on Tuesday, the company has entered into a second distribution agreement with the Dr. Pepper-Royal Crown Bottling Company of Chickasha, OK. The distribution agreement pertains to the company’s much-publicized Rocky Mountain High hemp infused brand.
Additionally, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) also broke the silence on the issue of Caveat Emptor placed against its ticker on the OTC Markets. Founder Jerry Grisaffi said that they had engaged a New York-based legal firm to sort out the issue with the OTC Markets. He said that Sichenzia Ross Friedman Ference LLP along with Darrin M. Ocasio have a firm hold on OTC Markets and SEC matters and hence expect the matter to resolve in a short while. Grisaffi added that the firm will also register with the SEC in order to make TOTALLY HEMP CRAZY (OTCMKTS:THCZ) a fully reporting company.
List on OTCQB
The news follows the company’s earlier announcement, in which, it had announced the appointment of Paritz & Company, an auditing firm, to assist with the regulatory filings of Form 10 and S-1. As per the company, the audit process should end by Summer, which is way ahead from now. It will not be wrong to state that TOTALLY HEMP CRAZY (OTCMKTS:THCZ) is sending strong signals about its effort to list on OTCQB. The statements are aimed to assure the investors that the company has bright future prospects. Despite all the positive hype building around the company, investors should remain cautious about keeping from falling in another trap.
Given the rate of PR published by TOTALLY HEMP CRAZY (OTCMKTS:THCZ), it is likely that the stock could continue to head northward. During the last session, the company’s stock price surged by 6.70% to $0.191 and an average of 22.69 million shares traded in the session.