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TOTALLY HEMP CRAZY (OTCMKTS:THCZ) is balancing on a thin line in between the positive and negative territory. Its Wednesday’s trade session, however, indicate that the company is falling towards the red. During the last trading session, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) stock majorly traded flat, shedding 0.58% to $0.190. A total number of 22.86 million shares traded on the day.

Keeping the flow of press notes

The company is striving to keep the interest of its investors intact through the release of press notes that center around the company’s efforts to scale up. The most recent press release stated that TOTALLY HEMP CRAZY (OTCMKTS:THCZ) has inked a second distribution agreement in Oklahoma. The agreement is signed with the Dr. Pepper-Royal Crown Bottling Company, situated in Chickasha, OK, following which the company will ramp up the distribution of its much-hyped Rocky Mountain High hemp infused brand.

Caveat Emptor On OTC Markets

Other than this, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) also reassured the investors on the Caveat Emptor issue. The company said that it has engaged a law firm, specializing in the SEC and OTC Markets matter, to resolve the matter with the authorities on an urgent basis. At the same time, the company tried to infuse confidence among its investors by elucidating the plans about becoming a fully reporting company. It added that Paritz & company will assist it in the process of making mandatory regulatory filings and apply for listing on OTCQB.

 But, the plans are too optimistic at this point of time, given the caveat emptor placed against the company. Also, the company’s negligible assets and revenues are least supportive of its plans. Investors should not overlook that the company made new highs earlier this month by banking on its Rocky Mountain beverage’s success on Amazon.com. However, the fame came to a pause when OTC Markets tagged it with Caveat Emptor, indicating that the company has engaged in excessive promotional schemes.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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