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TOTALLY HEMP CRAZY (OTCMKTS:THCZ) marginally retreated from its previous day’s gains yesterday, which more or less should be considered as a flat trade. After the OTC Markets.com raised a red flag on the company, there remains a question on the company’s ability to restore faith in its stakeholders.

There has been no new information published by TOTALLY HEMP CRAZY (OTCMKTS:THCZ) so far. The company gained some momentum after releasing two sets of updates early this week. First of all, the company noted that it has achieved record revenues through the sale of its Rocky hemp based beverage. Second update given by the company is with respect to its new distribution agreement.

No new information

In its most recent press release, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) announced its third quarter results. As per which, the company reported to have achieved $67,663.51 in revenues solely from sales of its Rocky Mountain High hemp based beverage. Moreover, the revenue number is said to be amassed in just two weeks. Over and above this, the company set high expectations for investors by projecting $700,000 in revenues in its next quarter. The company affirmed that it has pushed its production capacity up by 25% to 60,000 cases and hopes to continue the trend going forward.

Lack of clarity

Additionally, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) tried to win the confidence of its investors by clarifying the matter around Caveat Emptor placed on its stock. It said that the Caveat Emptor has been placed due to some error and that it is promptly working with the compliance team to solve the issue at the earliest. The company also said that it has signed a distribution agreement with Dr. Pepper Bottling Company, based in Oklahoma.

The stock of the TOTALLY HEMP CRAZY (OTCMKTS:THCZ) was down by 2.41% to $0.162 yesterday while 21.90 million shares traded on the day.

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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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