Miami, FL, Nov. 04, 2021 (GLOBE NEWSWIRE) — by way of NewMediaWire — Amazonas Florestal, Ltd. (OTC: AZFL) introduced as we speak that the corporate has supplied its shareholders and traders with a recap of recent firm enterprise developments and disclosed a standing replace for firm initiatives.
AZFL’s subsidiary in Miami, FL, Inexperienced America Laboratories (GAL), has offered constructing plans which might be presently beneath evaluate by native county constructing and planning authorities. GAL’s growth workforce expects approval to proceed with the build-out and set up of the state-of-the-art laboratory facility within the coming weeks. The lab’s configuration manufactured by Precision Extraction Options has the capability to provide 225 liters of pure CBD distillate day by day and as soon as operational would be the largest producer of bulk cannabinoid concentrates in South Florida. Firm managers undertaking 2022 product gross sales of greater than $30 Million for GAL.
This previous week, AZFL additionally reported its third quarter monetary outcomes and disclosures displaying the very best revenues and gross revenue ranges of any trimester within the historical past of the corporate as a registered issuer. The corporate posted consolidated revenues from operations of $4.885 million, and greater than $500k in gross revenue for the quarter ended September thirtieth, 2021. AZFL’s wholly owned subsidiary Innova Consulting Group, already reporting constructive monetary outcomes, initiatives to extend revenues once more two-fold because it reveals new purposes designed for marijuana administration, plus agricultural and distribution resolution purposes to an increasing buyer base. The brand new purposes are designed for the Latin American Hashish Markets. The corporate can be quickly rising its buyer base among the many greater than 1,800 hashish licensees within the nation of Colombia that demand the modern software program options that Innova supplies regionally.
AZFL’s partnership with Colombia Goals Marijuana (CDM) has superior efforts to finish its labeling designs and mass processing capabilities for merchandise which might be being registered on the market in Mexico and all through Europe beginning in Italy this winter. CDM holds all of the cultivation and manufacturing licenses for hashish derivatives, whereas additionally having a long-standing technical and scientific cooperation settlement with the Nationwide College of Colombia.
Botanica de la Sierra—AZFL’s Colombian agricultural associate—agreed to prepare Mountain Excessive Apothecary as a subsidiary of AZFL, merging firm belongings with the target of exporting medical marijuana flower grown in Colombia to the European Union and different Latin markets which have legally regulated the exercise. Botanica de la Sierra can be a totally licensed Colombian grower, producer and distributer of high-CBD and medical marijuana merchandise.
The Firm additionally accomplished discussions with Stilbon Corp., AZFL’s strategic advertising and marketing associate, in preparation to introduce AZFL’s customized made Colombian excessive CBD and medical marijuana merchandise to its greater than 3,000 factors of sale throughout the Caribbean, Europe, Asia, and South America. Stilbon has been within the enterprise of client product distribution for greater than 25 years, specializing within the worldwide wholesale distribution of mid to high-end manufacturers and client merchandise together with identify model perfumes, cosmetics, well being and sweetness merchandise, wines and spirits, and agricultural meals merchandise.
Additionally this week, by way of Twitter, Amazonas Florestal disclosed the appointment of Alex Otero, one of many administrators of Inexperienced America Laboratories, to the place of Nation Director for the nation of Mexico. Mr. Otero will now direct AZFL’s Mexican subsidiary Magna Leaf México (MLM). Magna Leaf México is within the means of registering merchandise that AZFL is customized manufacturing in Colombia—for distribution in Mexico, the US and the rising Latin American markets.
About Amazonas Florestal Ltd.
Amazonas Florestal, Ltd.—headquartered in Miami, FL—is a pure assets firm devoted to the analysis and growth of modern initiatives to course of Industrial Hemp in authorized cannabinoid concentrations into Excessive CBD, THC-Free and Delta-8 merchandise. The corporate additionally promotes the sustainable administration of enormous tracts of land within the rainforest state of Amazonas, in Brazil, and initiatives the certification and sale of carbon credit registered from the preservation of rainforest properties. In 2017, the corporate shifted gears to deal with the rising, harvesting, analysis and growth of Industrial Hemp and associated merchandise in the usA. for each home and worldwide markets. In 2021, the corporate is constructing an necessary hemp-derived extraction facility in Miami, FL devoted to the manufacturing of premium bulk T-Free concentrates. Amazonas Florestal’s purpose is to turn into a pacesetter within the discipline of cannabinoid extractions, serving labs that use these distillates as uncooked materials for human and animal well being/wellness merchandise.
Disclaimer: Ahead Trying Statements
Ahead-looking statements on this launch concerning Amazonas Florestal Ltd. are made pursuant to the “protected harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Traders are cautioned that such forward-looking statements contain dangers and uncertainties, together with, with out limitation, continued acceptance of the corporate’s merchandise, elevated ranges of competitors, new merchandise and technological modifications, the corporate’s dependence upon third-party suppliers, mental property rights, and different dangers detailed every so often within the firm’s periodic reviews filed with the Securities and Change Fee.