After gaining traction constantly, the interest in TOTALLY HEMP CRAZY (OTCMKTS:THCZ) eroded to a certain extent yesterday. Consequently, the stock of the company retreated from its over 20% gains during the after-hours. The share price of the hemp company was down by more than 17% to $0.139 while it recorded an average volume of 14.52 million shares.
Second production run
TOTALLY HEMP CRAZY (OTCMKTS:THCZ) has been successful in gaining the most out of its success on Amazon.com. The company actively released progress of its Rocky Mountain High Hemp product now and then and kept investors on the hook. Recently, continuing its efforts, the company said that an additional 45,000 lots of the products has been ordered. It detailed out that the production for the same will commence in between second to the third week of April.
Amazon’s success
The company repeatedly credited its successful sales at Amazon.com for helping it move to a second run in production. TOTALLY HEMP CRAZY (OTCMKTS:THCZ) said that a number of distribution deals have been signed, and more announcements are expected to roll out in the coming days. It added that the product will be delivered to Amazon.com soon so as to ensure optimum supply against the demand. Founder of the company, Jerry Grisaffi said that the company is thrilled about the success of its Rocky Mountain High Product, which has become a big hit among retail customers.
During the recent times, the company has been updating stakeholders as how its hemp based beverage is becoming popular on Amazon.com, where it is ranked Number 1 under New Release category. In reality, given the fact that the company’s product literally has no competitor available on the platform, the Number 1 ranking seems to fail at making any big difference. Moreover, the company has a lot of work to do to launch the other two promised products by mid-spring of 2015.
