TOTALLY HEMP CRAZY (OTCMKTS:THCZ) disclosed that it included two new distribution partners to its Texas Distribution Team. The Rocky Mountain High Distribution Team of Austin has bought distribution rights to the Austin. It is a significant deal for the company as Austin is the eleventh most populous city in the U.S. and also the fourth-most populous in Texas.
The significance
Totally Hemp can extend its reach in Texas as it is one of the fastest growing cities in the U.S. It is the second largest state in the nation. It is the location of target marketing by firm RHINO Marketing. The campaign is expected to commence in next month. JEKAL Distribution of Rockwall has joined the Texas team and received the distribution rights for Hunt, Collin, Rockwall and Denton Counties in the northeast Texas. The management said that the company is thrilled to get distribution rights and will immediately commence distribution in clubs and retail network in their network.
The expert speaks
Jerry Grisaffi who is Founder of Totally Hemp expressed that retail product launch of The Texas Rocky Mountain High is under process and the underway test will help company design the plan of the nationwide distribution. There is little uncertainty that Texas will be company’s retail stronghold location in the coming period.
The plans
The management is confident that the marketing plans will support a rapid nationwide growth of the distribution network in the next year. The social media marketing plan as designed can finally commence now as the product reaches distribution partners. It can be stated as the start of the strategic plan to spread the company’s products in the different regions across the nations.
In last trading session, the stock price of Totally Hemp declined more than 13% to close the trading session at $0.187. The sharp decline came at a share volume of 14.71 million compared to an average share volume of 23.43 million.
