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.
