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TOTALLY HEMP CRAZY (OTCMKTS:THCZ) once again caught the attention of investors after announcing its celebration plans of World Cannabis Week (4/20). On the occasion, the company promised ‘Twelve (12) Hour Sale’ of its much publicized Rocky Mountain High Hemp-infused beverage, which are available on Amazon.com. The company will sell its hemp-based Lemonade and Ice Tea beverage products at $27.99 for every 12-pack that will be shipped and delivered directly to the Amazon’s customers.

The good points

Clearly, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) did not want to miss the opportunity that come from 4/20 Cannabis Week, which has become a significant day for various companies to showcase their marijuana products. The company’s Founder Jerry Grisaffi fully utilized the opportunity of introducing the products and their uniqueness to the potential customers during the Cannabis Week.

The company’s confidence for its products has offset the negative apprehensions surrounding its stock to a large extent. TOTALLY HEMP CRAZY (OTCMKTS:THCZ) came under pressure recently when OTC Markets.com had flagged the company with Caveat Emptor, alerting investors to adopt caution before taking a position in the stock.

The bad points

Since then, the company has tried various measures to calm down the nerving investors, and the efforts are showing positively in the change in sentiments of the investors. However, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) is still left with the task to explain its not so inspiring financial position. As per the most recent report, the company held $523,000 in cash and $724,000 in current assets. The current liabilities of the company were reported at $1.2 million while its quarterly revenue was accounted at $68,000. Its net loss for the reported quarter came in at $345,000, which puts a question mark on the company’s ambitious statements.

Nevertheless, TOTALLY HEMP CRAZY (OTCMKTS:THCZ) is successfully keeping the investors tuned to the good things. The stock price of the company closed 12% higher at $0.261 as nearly 24 million shares exchanged hands during the previous session.

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Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.