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Amazonas Florestal Ltd. (OTC: AZFL) announced the acquisition of two Colombian companies, Innova Consulting Group and Gamma Engineers & Consultants, effective June 21, 2021. Innova specializes in IT solutions for the cannabis sector, while Gamma focuses on engineering and design for cannabis cultivation. CEO Ricardo Cortez emphasized that these acquisitions will enhance Amazonas' capabilities in cannabis and hemp operations, with plans for an extraction facility in Miami. The company aims to expand its market presence and vertical integration in the cannabis industry.
Amazonas Florestal Ltd. (OTC AZFL) announced its strategic business developments in a recent release. The subsidiary Green America Laboratories is nearing completion of its hemp oil processing facility in South Florida, anticipating a first-year revenue of $35M. Additionally, the Colombian and Mexican subsidiaries have progressed in local registrations and licensing for cannabis product distribution. A stock buyback program is also planned, with intentions to repurchase 500 million shares in the next 60 days. This multifaceted growth strategy aims to bolster AZFL's presence in the hemp and cannabinoid markets.
Amazonas Florestal, Ltd (OTC: AZFL) has announced its return to compliant status with OTC Markets as a Pink Sheets Information Tier Company. The company is finalizing a PCAOB audit to become eligible for funding in Latin America. Recently, it secured a business loan for its subsidiary, which aims to establish South Florida’s first major Industrial Hemp processing facility. AZFL is also expanding internationally, with plans for a cannabinoid extraction lab in Colombia and licensing to distribute CBD products in Mexico. Dual listing with BIVA is anticipated in 180 days for capital raising.
Amazonas Florestal, Ltd. (OTC: AZFL) has been reinstated to the Pink Sheets Information Tier, fulfilling all market compliance requirements. The company has received initial laboratory equipment for its new subsidiary, Green America Labs, located in Dade County, Florida. The lab aims to manufacture premium hemp-derived cannabinoid concentrates and become a major player in the emerging Latin markets. The facility is expected to begin operations in the next fiscal quarter, with plans for a second lab in Colombia to produce high CBD products.
Amazonas Florestal, Ltd. (OTC: AZFL) has completed all pending OTC Markets disclosures and financial reports from 2018-2020, paving the way for current Pink Sheets Tier status. The company is also finalizing audits for PCAOB compliance and intends to file an S1 Registration Statement for an IPO. Amazonas is expanding its hemp operations, establishing a lab in Miami-Dade and negotiating a second facility in Colombia, targeting emerging markets in the EU. Chairman Ricardo Cortez emphasized returning to compliance and generating positive revenues shortly.
Amazonas Florestal (OTC: AZFL) has established a new subsidiary, Green America Laboratories (GAL), in Nevada, led by investor Raul Rocha Cantu. GAL will construct a state-of-the-art hemp extraction lab in Miami-Dade County using equipment from Precision Extraction Solutions. The lab aims to produce bulk T-Free concentrates and distillates for the Florida and Latin American markets. The company appointed Carlos Martinez as CFO and Jose Giron as General Manager for GAL. AZFL's leadership emphasizes its commitment to building a successful operation in hemp processing and cannabinoid extraction.
Amazonas Florestal (OTC: AZFL) has reinstated its charter and commenced the reorganization process, with a focus on hemp-derived cannabinoid concentrates. The company is set to complete pending filings by March 15, 2021, and has established a subsidiary, Green America Laboratories, to build a hemp oil extraction lab in South Florida, expected to launch by May 15, 2021. New management appointments are forthcoming, and the headquarters will move to a new Miami address by March 30, 2021. This initiative aims to capture local hemp biomass for premium oil extraction, aligning with Florida's growing hemp industry.