Once again TOTALLY HEMP CRAZY (OTCMKTS:THCZ) has something new to share with its stakeholders. This time the company welcomed two new distributors for its Rocky Mountain High hemp-infused beverage.
Two new distribution agreements
As per the press note, the company has engaged Desert Shark Distribution, LLC in New Mexico to oversee the sales of its beverage at the Snoop Dogg Sling 2015 Tour, which will begin on Saturday, April 25 at the Santa Ana Star Center. The second distribution agreement is entered with Cann American Holdings, which is a Northern California based distribution firm. Cann American is a renowned consulting and product distribution firm in the region that specializes in medical cannabis and industrial hemp segments.
As TOTALLY HEMP CRAZY (OTCMKTS:THCZ) announced the two distribution agreements, each of the distribution firms expressed their optimism in driving sales for the company. Austin Pellegrino, who is CEO of Desert Shark said that TOTALLY HEMP CRAZY (OTCMKTS:THCZ) will benefit from the presence of a number of dispensaries in New Mexico, where medical marijuana is legal. Pellegrino visualizes abundant opportunities for the company as dispensaries can become potential retailers for the Rocky Mountain Hemp-based beverages.
Analyst report
At the same time, Cann American Holdings’ President Jason Black asserted that TOTALLY HEMP CRAZY (OTCMKTS:THCZ)’s Rocky Mountain Hemp-based beverages are best in class among other similar available products. Alongside this, BrokerBank Securities, Inc have also released a brief analyst report on the company, where it indicated at the blossoming opportunities that marijuana industry has to offer.
The report cited the findings of Arc View Market Research, according to which, legal marijuana market is expected to grow to $10.2 billion in 2018 from $1.53 billion in 2013. Based on these projections, the report underscored the growth prospects of TOTALLY HEMP CRAZY (OTCMKTS:THCZ) in future.
The stock of TOTALLY HEMP CRAZY (OTCMKTS:THCZ) headed up by 6.50% to $0.278 in the last session, when nearly 24 million shares traded hands. The stock extended further by 2.52% during the after-hours.
