TOTALLY HEMP CRAZY (OTCMKTS:THCZ) has revealed that it has been making quite a lot of progress with regard to the distribution agreements of Rocky Mountain High Beverages. So far four new distributors have joined the company, which is looking to expand its market. The new distribution agreements have been taken as a positive sign from the investors, who have started to flock towards the stock.
THCZ revealed the names of two of its four new distributors, Creager Merchandising in Denver and Mad Beez LLC in Minneapolis, Minnesota. Being a company with the mission of becoming the premier manufacturer of hemp infused beverages, THCZ has certainly made its mark with Rocky Mountain High. The company’s initial test sales of 4,100 cases lasted only a short while on Alibaba and Amazon. Much of the hype for the drink has been due the great reviews people have been leaving, after trying the product.
At the rate at which things are going, the company expects to quarterly revenues for the current quarter to reach $700,000. The attraction of interest from distributors could have also been due to the fact that Dr. Pepper was amongst the first ones to acquire a distribution agreement from the company. Creager has already confirmed that the initial launch of the product has shown immense success and the distribution team expects big profit margins and revenues after the launch.
The news has been taken positively by the investors and THCZ finally started to register a steady rise. The month of May saw the ticker crash greatly, registering consistent declines, due to lack of news from the company. However, now it seems that THCZ has actually been busy acquiring the distribution deals to take its lead product to the next level. Many of the buyers have stated that the drink has superior taste, attractive packaging and potential health benefits.
TOTALLY HEMP CRAZY (OTCMKTS:THCZ) registered a drop of 2.14% in value on May 4, after trading 202.43 million shares in the market. The stock closed at $0.160.