Totally Hemp Crazy (OTCMKTS:THCZ) Is On Its Way Down

Totally Hemp Crazy (OTCMKTS:THCZ) managed an amazing ride to the top of the charts, driven by the announcements that is products were selling well, but now it seems to have lost its footing.

It would be something of an understatement to say that that this turn of events wasn’t unexpected. Although it is true that THCZ made many impressive PR announcements, there are currently no filings documenting its alleged successes in its Amazon.com, Inc. (NASDAQ:AMZN) related endeavors.

This basically means that THCZ‘s brave words, covered by forward-looking statements like they are – carry little more weight than hot air. True enough, they managed to convince many investors to jump on the THCZ hype train, but as we all know, hype trains have a way of derailing horribly as the news cools off.

This is what seems to be happening to THCZ now, and neither the announcement that the company has “decided to expand its leadership team” by appointing Harry Drnec as the new advisory director, neither the addition of four new distributors to the company’s distribution team seems to be helping the ticker retain altitude.

Now that the dust seems to have settled, investors will have more time to consider THCZ‘s “minimal assets and revenues and growing short term debt”, as MicroCapDaily puts it, as well as the fact that THCZ‘s current market cap is just plain ridiculous at $72 MILLION.