TOTALLY HEMP CRAZY (OTCMKTS:THCZ) gets another bout of hype; this time helped by its news featuring in CNN Money. The company that garnered attention from launching Rocky Mountain High Hemp infused beverage was slaughtered after OTCMarkets placed a sign of Caveat Emptor against the ticker. Since then, the beverage maker has been trying hard to convey a message to the stakeholders that everything is alright.
Appoints auditing firm
In another attempt to win back the confidence of the investors, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) announced that it has appointed an auditing firm, Paritz & Company. The company has hired the firm with the objective of getting assistance with the regulatory filing of Form 10 or S-1 Registration. The company also plans to become fully reporting and list on the OTCQB. According to TOTALLY HEMP CRAZY (OTCMKTS:THCZ), the audit process will end in summer. Post completion of necessary filing and approval from the SEC, the company aims to transition to the OTCQB immediately.
In its press release, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) did not miss the opportunity of reemphasizing on the volume of sales attained by its Rocky Mountain High Hemp beverage on Amazon.com. Apart from this, the company made note that the distribution of its beverage will soon start in Dallas, Austin, Houston and the rest of Texas. Other than this, the company is also working on a local campaign, which will be extended nationally in the upcoming months.
Financial strength
The company has already promised robust sales of its beverage in the upcoming quarter as it claimed to have amassed $67,663.51 in just two weeks. Despite such high bets, investors are pretty not convinced about the company’s financial position. The question is how the company will overcome its increasing short-term debt through a handful of assets or revenues.
That leaves one wondering if the stock surge during the last trading session is for real or not. The stock of TOTALLY HEMP CRAZY (OTCMKTS:THCZ) settled at $0.179, after a 15.48% climb, while 22.37 million shares traded on the exchange.
