Totally Hemp Crazy (OTCMKTS:THCZ) Skyrockets On Announcement

Totally Hemp Crazy (OTCMKTS:THCZ) managed to gain 41.14% to its market value, after announcing what it claims to be a “Record Breaking Quarter”.

It is really no wonder that the ticker jumped after THCZ‘s bold announcements. After all, the company boasted impressive projections and plans for the immediate future, such as “Move to the OTCQB, Exceed the One Million Dollar mark in revenues this summer, Revenue objectives of sales over $4 Million by year end”.

Still, perceptive investors would have noted another detail – the company gave an arbitrary number of “cans … produced to date”, but nowhere in this press release did it mention the really important details – like how many of those “Over 1,700,000 cans” have been sold?

How much sales did the company actually make these last few months? Since it claims that the quarter is impressive enough to be called “record breaking”, surely those numbers are formidable and impressive.

Even more importantly, how do those 1.7 million cans of product translate into profit? Why weren’t these all-important numbers given, even in rough approximation?

It is worth noting that, although having a lot of distributors and coverage throughout 13 states is awesome, this fact speaks very little of the company’s actual current financial standing.

In spite of this, the announcement caused quite a commotion and excited quite a few people. Still, investors would probably do well to consider this – as bold as THCZ‘s claims may be, currently there is very little hard evidence to support its boasts.

This is why investors should be very wary of THCZ, and all the risks the uncertainty surrounding it represents.