TOTALLY HEMP CRAZY (OTCMKTS:THCZ) has been making a lot of news about the expansion of its list of distributors for the Rocky Mountain High hemp-infused beverages. Unfortunately, repeated updates of signing new distributors are not helping the company stock very much. There are some red flags that have started to show around the company and investors are left wondering if THCZ would be able to fulfill the initial orders for these distributors.
Recently, the founder of THCZ, Jerry Grisaffi, stated that his company has been receiving calls from potential customers and retailers. He outlined that Rocky Mountain High is being sold in 13-states, with the company producing a total 2 million cans to date. However, taking into account the population of those 13-states, 2 million is a very small number. Mr. Jerry, even went on to say that the company has had its eyes on an ambitious quota, which he believes could be met in the next15-days.
THCZ, in the last three months, has gained significant attention, but investors and analysts still do not feel that the company has a firm footing. Additionally, the lead roles in the beverage industry have been taken by carbonated drinks and bottled water. With this situation not changing anytime soon, it is expected that Rocky Mountain High would make little progress in the market. The company had set a sales target of $700,000 for its current quarter, which it should meet easily considering the vast network of its operations.
It should, however, be noted that the success of Rocky Mountain High is mainly due to the company’s vast network of operations, rather than the public demand. THCZ has yet to make an impact in all of the 13-states. The populations of these states are enormous, but THCZ is still not producing enough drinks to change the market trends.
TOTALLY HEMP CRAZY (OTCMKTS:THCZ) finished the June 18 trading session with a 14.36% loss to its share value. The stock traded a total of 202.43 million shares to reach a closing price of $0.111.