Amazonas Florestal has released historic quarterly results
Miami, Fla., October 25, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Amazonas Florestal, Ltd. (OTC: AZFL) announced last week on October 18 that the company released its third quarter financial reports and OTC disclosures, reporting consolidated revenues of $ 4.885 million and over $ 500,000 in gross income; highest turnover and gross profit in company history.
AZFL’s latest acquisitions, Gamma Engineering and Innova Consulting Group, have demonstrated strong growth potential and effective business models in their transition to the booming cannabis industry in Colombia. On its own, Innova forecast positive operating revenue of over $ 8 million for its 2021 fiscal year.
CFO Carlos MartÃnez said: âThis is the highest annual revenue ever recorded by Amazonas Florestal for any quarter in the recorded history of this issuer. Management does a remarkable job of establishing the company’s presence in the rapidly growing Latin American hemp and medical marijuana consumer markets, meeting the requirements of more than 1,800 licensees operating in Colombia. Our subsidiaries Innova and Gamma are achieving excellent results and growth rates through the professional services they provide to Colombian producers and other strategic alliances and partnerships currently being developed and associated with these efforts. The organization of these overseas subsidiaries and the well-underway modern laboratory installation in South Florida are shaping up to be the ignition switch that will enable AZFL to achieve the profitable business combinations that it seeks. ‘has been striving to achieve for many years. “
Gamma engineers and consultants (www.gammaingenierosyc.com.co) Based in Cali, Colombia, is AZFL’s engineering and design arm specializing in the design and construction of cannabis cultivation and processing facilities. Their fully integrated design team gives Amazonas a competitive edge in the planning and construction of greenhouses and indoor crops. In addition, their services include structural, mechanical, electrical, plumbing and interior design of all types of cannabis businesses and are now designing portable dispensaries for growers who can set up sales operations in the centers. shopping and gas stations.
Innova Consulting Group (www.innovacg.com.co) provides software solutions and general information technology (IT) services to licensed hemp and marijuana businesses. Innova provides services ranging from application design, strategic planning and manufacturing, to innovative inventory software solutions. Innova is a key part of Amazonas Florestal’s vision for its future in the industry.
Amazonas Florestal CEO Ricardo Cortez said: âInnova Consulting is becoming a powerhouse. Over the past few months, this division now wholly owned by Amazonas Florestal has contributed more than a fair share of ideas, projects, business proposals and of course revenues and profits that have exceeded our expectations. We will continue to work with Innova to implement their technology solutions and use them in the projects we are currently developing in various parts of the world. The sky is the limit for this team.
AZFL also informed its shareholders last week that it has completed the acquisition of 51% of Colombia Dreams Marijuana (CDM). The partnership became official on October 21. CDM, a Colombian company based in CiÃ©naga, Magdalena, is a fully licensed producer and manufacturer of high CBD and medical marijuana products dedicated to the research and development of its own hybrid cannabis plant genetics. Their proprietary genetics, especially several of the best tested strains in Colombia, give CDM a significant advantage over its competitors in Colombia, where AZFL has established a strong presence in the industry. CDM has two separate production plants in Guamo, Tolima and Sierra Nevada de Santa Marta.
Finally, AZFL announced last week that its subsidiary Green America Laboratories had completed the submission of its environmental protection plan to the local county environmental resource management department. CEO Ricardo Cortez added, âOur development team has worked tirelessly on the design, review and presentation of these plans. We are making great strides in meeting construction and zoning requirements and are excited to begin construction on our state-of-the-art lab in the coming months. It is important that we fully comply with all safety, environmental and building codes before starting construction, and our team works diligently on every detail. This dream project is quickly becoming a reality and will help us complete the alignment of every business component and marketing objective that we had established for this division.
Green America Laboratories (GAL) is fast becoming the largest hemp oil extraction facility in Miami, with equipment capable of producing over 220 liters per day of the purest and most pure CBD T-Free distillates and isolates. of the highest quality available anywhere.
About Amazonas Florestal Ltd.
Amazonas Florestal, Ltd., headquartered in Miami, Florida, is a natural resource company dedicated to the research and development of innovative projects to transform industrial hemp in legal concentrations of cannabinoids into high CBD products. , without THC and Delta-8. The company also promotes the sustainable management of large tracts of land in the rainforest state of Amazonas, Brazil, and plans to certify and sell registered carbon credits for the preservation of rainforest properties. In 2017, the company changed course to focus on the cultivation, harvesting, research and development of industrial hemp and related products in the United States for domestic and international markets. In 2021, the company is building a major hemp-derived extraction facility in Miami, Florida, dedicated to the production of premium bulk T-Free concentrates. Amazonas Florestal’s goal is to become a leader in the field of cannabinoid extractions, serving laboratories that use these distillates as raw material for human and animal health / welfare products.
Disclaimer: forward-looking statements
The forward-looking statements contained in this press release regarding Amazonas Florestal Ltd. are made in accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company’s products, increasing levels of competition, new products and technological changes, the Company’s dependence on third party suppliers, intellectual property rights and other risks detailed from time to time in the periodic reports of the company filed with the Securities and Exchange Commission.