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Tuesday, November 29, 2022

Shorts Attack TOTALLY HEMP CRAZY (OTCMKTS:THCZ)

TOTALLY HEMP CRAZY (OTCMKTS:THCZ) has seen a significant correction and a possible coordinated short attack since it embarked on the spectacular run that took the stock from well under a penny to incredible highs of $0.29 a share with a few prints going off as high as $0.3137.

The stock gapped down on Thursday Morning after OTCMarkets slapped the dreaded skull and crossbones designation on THCZ. According to OTCMarkets group this means there is a possible public interest concern or possible spam promotional campaign.

The Company was quick to answer with THCZ issuing a press release at 10:35 Thursday Morning that stated ”there has not been any paid promotions to promote the company’s stock. Any newsletters that may have mentioned THCZ have nothing to do with the company in terms of compensation and definitely have not been authorized. The company has no intentions to hire a stock promoter at any time in the foreseeable future.”

The Damage was already done however and THCZ continued to drop in the afternoon trading closing at $0.137, down 53% on the day.

Anyone surprised by the action today on THCZ should not be, it’s completely unrealistic for any stock to go straight up; in fact corrections and consolidation are part of any healthy upward climb. The big question on Investors mind here is will THCZ continue its spectacular run or is this the end of the run right here?

TOTALLY HEMP CRAZY (OTCMKTS:THCZ) mission is to become the premier hemp beverage company in the world, leveraging their team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit.

The excitement on THCZ is all about their Rocky Mountain High hemp beverage drinks that the Company recently launched. Cold Spring Brewery in Minnesota initially produced about 4,100 cases recently for the first shipment to Amazon centers as a first test run. The product exploded off the shelves, incredibly selling out with no money spent on marketing in just 3 hours. Cold Springs will produce 45,000 cases for the next run anticipated to ship in about two weeks.

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On April 2 THCZ announced that there has not been any paid promotions to promote the company’s stock. Any newsletters that may have mentioned THCZ have nothing to do with the company in terms of compensation and definitely have not been authorized. The company has no intentions to hire a stock promoter at any time in the foreseeable future.

There was in fact many newsletters sending updates on THCZ to their subscribers bases but none listed any compensation from any third parties or THCZ.

This comes a day after the Company announced a distribution agreement has been inked with the North Texas Mountain Valley Spring Water Company in Carrollton, Texas (DBA Water Event). This distributor, established in 1971, is the Mountain Valley Spring Water Home, Office, Business and Retail Distributor for Houston, Dallas and Austin. The customer base is over 15,000 clients and covers over 50% of the Texas population base.

Jerry Grisaffi said, “We are thrilled that our Rocky Mountain High product line-up will be sold and distributed via the Water Event trucks, and feel that this will have a huge effect on 2015 sales of our products. Not only will the Rocky Mountain High brands be made available in the majority of Texas, but we also have had discussions regarding this distributor potentially producing our future hemp infused bottled water products for us. It was agreed that this new relationship will be exponentially beneficial to both parties.”

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Currently trading at a whopping $85 million market valuation THCZ has minimal assets or revenues to back this up and growing short term debt (this usually leads to dilution). The stock has also been recently designated with the dreaded skull and crossbones from OTCMarkets (not good at all). We will be updating on THCZ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with THCZ.

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Disclosure: we hold no position in THCZ either long or short and we have not been compensated for this article.

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1 COMMENT

  1. Finally, an honest and intelligent diagnosis from a site involved with this sector. I commend you for it, and have a much greater respect for you. You just might be the only place I’ll turn to for fair and honest reporting.

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