TOTALLY HEMP CRAZY (OTCMKTS:THCZ) reported that it placed an order for production run of 96,000 case, excluding the Canadian Purchase. It will have produced more than 2.88 million since the first production run completed in February.
Jerry Grisaffi, the founder said that they participated in Prime Day held on Amazon Today. During that period, all cases of company’s Rocky Mountain High Hemp drinks were available for $24.99. It is for the first time the company’s beverages were priced so low. The founder called it as a great time to stock beverages at the attractive rates.
The revenue
TOTALLY HEMP submitted its yearly report and stated that the revenue in last quarter of FY2015 surged over 1000% to $729,688 compared to third quarter revenue. It was a record quarter measured in terms of sales for the company. In the quarter, the company released four flavors of its lead product Rocky Mountain High for distribution.
It launched the online buying facility so that customers can find it convenient to buy hemp infused beverages. The products are available at online shopping platform of Amazon, Walmart and eBay. Now, there are twenty-four distributors of Totally Hemp beverage across the U.S. Also, the products are now sold in as much as fifteen states.
The highlights
Totally Hemp revealed that it had produced more than 1.7 million cans so far in this year. It finalized significant international distribution contracts with Southeast Asia and Canada. Also, the company introduced its Rocky Mountain High Clothing brand in the reported quarter. Mr. Grisaffi stated that with strong domestic sales and encouraging International orders, the current quarter’s revenue can surpass the record revenue of the fourth quarter.
In last trading session, the stock price of Totally Hemp declined more than 1% to close the trading session at $0.128. The decline came at a share volume of 2.69 million compared to average share volume of 3.87 million.
