Totally Hemp Crazy (THCZ): Does the Risk Outweigh the Reward?
Totally Hemp Crazy Inc. (THCZ) manufactures and sells the “Rocky Mountain High” hemp infused drink and is focused on becoming a leader in the hemp-infused beverage industry. Shares of THCZ are up over 1200% during 2015 and many investors cannot figure out why.
THCZ is led by a management team with a questionable track record. The company has improved its transparency, however, and has provided the market with information related to who its distribution dealers are and how they are doing.
On June 1 st , THCZ announced that its list of regional distributors is growing and the company listed the names, numbers, and locations of these distributors. THCZ also said that its revenue is on target to reach the $700,000 projection for the quarter which ends on June 30, 2015. The company’s fiscal year ends on June 30 th and THCZ plans to file an audited annual report as part of their plan to move to the OTCQB. THCZ said that they are entering the Los Angeles market this month and LA will be one of the first cities to see the new Rocky Mountain High promotional team.
Timeline of events
- In August 2014, THCZ hired Rhino Marketing Worldwide to develop a global marketing and launch strategy for its Hemp based beverage products.
- In December 2014, THCZ announced that they will commence production after the packaging is approved and the company expected the product to be ready to be shipped to the bottling company by January 2015
- In January, THCZ signed a merchandising agreement with Mr. Checkout, which is a national marketing co-op for a distribution group of approximately 35,000 convenience stores around the country.
- In early February, THCZ announced that the initial production date for their Rocky Mountain High Hemp-Infused Beverages will be February 16 th . Two days after making this announcement, the company secured funding for the initial production run.
- In March, THCZ shipped its Rocky Mountain High product to three Amazon regional warehouses. The Tennessee warehouse sold out in less than 3 hours. THCZ has received inquiries from Alibaba and other distributors to ship its product internationally. The company is preparing to set up negotiations and upon request will send samples to eligible parties.
- In mid- April, THCZ hired Paritz & Company to audit the THCZ’s books and assist in filing a Form 10 or S-1 Registration to become fully reporting and move to the OTCQB. The audit should be completed in the summer. THCZ announced that its Rocky Mountain High hemp product arrived to the Water Event warehouse and distribution can commence in Texas. The next day, THCZ signed a distribution agreement with the Dr. Pepper-Royal Crown Bottling Company. This is the second distribution agreement in Oklahoma for the Rocky Mountain High hemp infused product.
- In late April, THCZ announced that they signed two new distribution partners in Texas for its Rocky Mountain High product. Rocky Mountain High (RMH) Distribution purchased the distribution rights for Austin, Texas. JEKAL Distribution secured the distribution rights for Collin, Denton, Rockwall and Hunt Counties in the northeast Texas.
- On May 15 th , THCZ appointed Harry Drnec as advisor to THCZ’s Board of Directors. Drnec is the former managing director of Red Bull UK. At Red Bull, Drnec turned the company around and increased sales by 10,000% in 10 years (from 3 million cans to 300 million cans). He was also the brand manager that launched Bud Light, the largest selling beer brand in the world with Anheuser Busch, later launching Budweiser and Michelob across Europe. Over the next few months, Drnec will formulate a total marketing plan for THCZ.
- On May 19 th , THCZ announced that 4 new distributors joined the Rocky Mountain High distribution team. The new distributors include: Mad Beez LLC in Minneapolis, Minnesota; Hemp Global Products Inc. in Grand Rapids, Michigan; Epic Group in Ft. Wayne, Indiana; 4orth Enterprises in Fort Worth, Texas. THCZ also announced that last week, its distributor in Austin had an in store demo at a new retail location and the store sold out quickly and received excellent customer reviews.
These developments paint a positive picture for THCZ and its future, however, the stock has taken investors on a wild ride. The filing of audited financials will improve the company’s market sentiment and remove some of the clouds surrounding the company.
Technical420 remains cautious with THCZ due to track record of its management team, however, we cannot let mistakes made in the past cloud our judgement for the future. If you are interested in investing in THCZ and do not know how or when to invest in them, sign up for a Pro Trader membership at https://technical420.com/user/register
Technical420 will keep you updated on THCZ developments and help you capitalize on its trading patterns!
Important Investor Disclosures:
Technical420 LLC is not a FINRA member firm. Technical420 LLC is responsible for the preparation and distribution of research created in the United States. Technical420 LLC is located at 40 SW 13th St. Suite 1002, Miami, FL 33130.
Technical 420 LLC, and any of its directors, officers, employees, affiliates, or subsidiaries does not accept any form of compensation from companies in return for writing reports on them. Also Technical 420 LLC, and any of its directors, officers, employees, affiliates, or subsidiaries do not hold any stock positions in companies covered by Technical420LLC.
Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Technical420.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.
Technical420 is dedicated to educating investors about the risk and rewards of investing in the cannabis industry. We highlight companies that have the most growth potential by utilizing our proprietary analytics platform.
Totally Hemp Crazy, Inc. (THCZ) to Change Name to Rocky Mountain High Brands, Inc. (RMHB)
DALLAS, TX–(Marketwired – Oct 15, 2015) – Totally Hemp Crazy, Inc. ( OTC PINK : THCZ ) announced today that FINRA (Financial Industry Regulatory Authority, Inc.) has approved the name and cusip change to ( OTC PINK : RMHB ) Rocky Mountain High Brands, Inc. The changes will occur at the open of the market on October 16th. To all shareholders, this name change has no effect on the stock that you hold. The name will automatically change in your account and your number of shares will remain the same.
Todd Kornely, Vice President of Sales, said, “The name and cusip change to a more attractive household name will open the brand to a more diverse target group and that will allow ‘National Account’ retailers more willing to display Rocky Mountain High products on their shelves across the country. By offering two can designs, we will be able to sell our products to specific and broad target markets depending on the needs of the retailers’ demographics. We truly believe the snowflake and the hemp leaf cans will allow the Company to grow without sacrificing its identity.”
Tom Shuman, President and CEO of RMHB, said, “Todd’s background with Dr Pepper has afforded him a wealth of experience in brand marketing, and he knows exactly what retail clients require in relation to profit margins, marketing and retail support. With Mr. Kornely onboard as Vice President of Sales, we are anticipating a significant increase in sales revenue between now and December 31st.”
Also announced, Rexam has finished producing the new snowflake can that will be produced on October 28th and 29 th . The new Mango energy drink will be on the way!
About Totally Hemp Crazy, Inc.:
Our Mission is to be the premier Hemp-Infused Beverage Company in the World.
Visit us at our Facebook page: https://www.facebook.com/totallyhempcrazy
Visit us at Investor Hangout: http://investorshangout.com/Totally-Hemp-Crazy-Inc-THCZ-69150/ Investors Hangout is the only authorized Investors blog page for Totally Hemp Crazy.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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Additional charges were filed later accusing Ghosn of using company assets improperly, which he has denied.Chaos gripped the alliance. Ghosn loyalists were ousted while Nissan and Renault executives jockeyed for control to fill the power vacuum. There was deep resentment at the French automaker, which was kept out of the loop as Nissan insiders spent months working with Japanese prosecutors to orchestrate the powerful chairman’s ouster.Ghosn was released, re-arrested and freed on bail again in 2019. He escaped trial by making a daring undercover escape in December of that year on a private jet and made his way Lebanon. 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The holding was worth about $950 million at the close of trading last week, less than half what Nissan paid four years ago.Mitsubishi Motors has forecast a $1.3 billion operating loss for the fiscal year ending in March and was forced earlier this year to shut down production of the Pajero SUV and other larger vehicle lines, leaving it to focus on smaller cars and markets in Southeast Asia.Nissan’s results, released last week, suggest restructuring efforts are gaining some traction, although the the automaker is still projecting a $3.2 billion operating loss for the fiscal year. It has been on a debt-issuing spree, raising a total of almost 900 billion yen in funding.While a share sale would fundamentally reshape Nissan’s capital ties with one of its key partners, the three automakers will probably make the case that the alliance remains intact operationally, the people said. They will emphasize the partnership can work without the shareholding and that the sale may also free them to collaborate with other partners, one of the people said.“A question that has come up in recent investor calls is can the alliance continue to work together without the cross-shareholding, and we do not see why not,” Tom Narayan, an RBC Capital Markets analyst with the equivalent of a hold rating on Renault, wrote Monday. “We view today’s news as a positive for RNO shares as it highlights the trapped value at the company’s Nissan stake and points out the possibility of continuing the alliance without cross-shareholding.”Rescue MissionThe alliance began two decades ago when Renault swooped in to save Nissan with a cash injection, saving the bigger automaker from bankruptcy. The French automaker sent in Ghosn, who turned around Nissan and eventually took over leadership of both companies. While they benefited from being able to pool their purchasing power, that wasn’t matched by meaningful joint product development.By the time Ghosn was arrested, there was deep resentment with Nissan that it had little sway over the partnership, even though it was sending billions of dollars in dividends annually to Renault, which exercised more control over the bigger Japanese company through its 43% stake. Nissan owns 15% of Renault and has no voting rights.To move past the turmoil since Ghosn’s arrest, the alliance unveiled a new operating structure in May, vowing deeper cooperation. The proportion of autos manufactured on common platforms will double to around 80% by 2024, executives promised. The new strategy dubbed “leader-follower” is designed to force teams to work together by designating one company to head up specific technologies or regions and ultimately take responsibility for success or failure.“Mitsubishi Motors is working on their ‘Small but Beautiful’ business transformation plan which they announced in July,” Nissan said in its statement. “It is essential for each alliance partner to focus on its core competences and maximize the use of each other’s asset to accomplish its midterm plan.”The plan would make the alliance so tightly intertwined that “no step backward” would be possible, Renault Chairman Jean-Dominique Senard has said. The 67-year-old Frenchman also is chairman of the alliance operating board that oversees the union of carmakers whose still relatively new chief executives haven’t had much time or opportunity to work together.Makoto Uchida took the top job at Nissan less than a year ago, while Luca de Meo started in July as Renault’s second CEO since Ghosn’s arrest. Osamu Masuko, the Mitsubishi Motors chairman who forged the deal with Ghosn and was the automaker’s main link to Nissan, died in August.Bigger ForcesIt remains to be seen whether the leader-follower plan — which is focused on costs — will deliver the meaningful innovations necessary to deal with the larger forces sweeping through the global auto industry. Regulators are stepping up pressure to embrace electric vehicles, while autonomous driving technology has the potential to reshape the concept of auto ownership.Electric vehicles are a prime example of an area in which the alliance has missed opportunities. Although Renault and Nissan were ahead of many rivals when they rolled out their respective EV models, the Zoe and the Leaf, they are still based on different platforms years after their debut. The alliance partners’ next-generation EVs will share a jointly developed base.“The alliance is clearly unfulfilled potential,” said Societe Generale analyst Stephen Reitman.The companies have thrown out Ghosn’s method of measuring the alliance’s success through synergies, a metric that was targeted to reach more than 10 billion euros in 2022 but based on numbers Senard has said he never understood. Renault and Nissan also have pledged to turn the page on Ghosn’s unrelenting pursuit of growth and sales volumes.Yet in the midst of the pandemic, Renault’s de Meo also has warned that Renault and Nissan need to fix their own internal problems to make sure the house doesn’t go up in flames.“Each company is now in trouble,” Ghosn said in an August interview. “I don’t think they know where they are going. There’s no more vision. In my opinion, the best people have left, or will leave.”Renault’s record first-half loss and exposure to a weakening European market complicates its turnaround efforts. While de Meo has held up rival PSA Group’s near-death experience as proof that recovery is possible, Covid-19 is rendering pre-pandemic problems such as factory overcapacity even more difficult to address.Taken together with other developments — including the French automaker’s merger flirtation with Fiat Chrysler Automobiles NV last year — it’s clear Ghosn’s ouster left the alliance on shakier ground. Each automaker has turned inward, leading some to question whether the partnership can survive.“For good or for worse, Ghosn was holding it together,” said Tatsuo Yoshida, a Bloomberg Intelligence analyst.(Updates with Renault shares in third paragraph and analyst comment in 15th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Totally Hemp Crazy, Inc. announced today that FINRA has approved the name and cusip change to Rocky Mountain High Brands, Inc. The changes will occur at the open of the market on October 16th. To all shareholders, …