TOTALLY HEMP CRAZY (OTCMKTS:THCZ) remained largely unmoved during the last trading session. Its stock price merely budged either of the sides, while the company had no press note released on the day. The latest information from the company’s quarters relate to the addition of two new distribution partners to its Texas distribution team. The company informed that its Rock Mountain High Distribution team in Austin as acquired distribution rights for Austin.
No new announcement
The deal marks a significant achievement for the company, given the fact that Austin ranks eleventh in terms of the most populated city in the U.S. Moreover, Austin is fourth most densely populated area in Texas. Hence, the deal will pave way for TOTALLY HEMP CRAZY (OTCMKTS:THCZ) to reach out to one of the promising area in the U.S. Also, the company elucidated that Austin is also targeted by another marketing firm, RHINO. The marketing campaign is likely to begin this month.
At the same time, the company also welcomed JEKAL distribution to its Texas team. As per the company, Jekal has bought acquisition rights for Collin, Hunt, Denton and Rockwall counties that are located in the northeast of Texas. Following the acquisition of the distribution right, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) said that it is excited to initiate distribution of its products in the retail network and clubs at the earliest.
Meanwhile, TOTALLY HEMP CRAZY (OTCMKTS:THCZ)’s founder Jerry Grisaffi said that they are under process of developing retail launch for the Rocky Mountain High. He added that the company is also working on nationwide distribution opportunities for their product. Grisaffi is confident that Texas will become its one of the major location in the upcoming days.
The stock price of TOTALLY HEMP CRAZY (OTCMKTS:THCZ) settled 0.53% lower at $0.186. He further slipped marginally by $0.54% to $0.185 during the after hours. The average trade volume stood at 23.03 million shares during the previous session.