Amazonas Florestal Ltd. Today Reported a Progress Update on Advances of Its Subsidiary's CBD Hemp Project in Colorado
05 Diciembre 2017 - 1:13PM
InvestorsHub NewsWire
Miami, FL -- December 05, 2017 -- InvestorsHub NewsWire -- Amazonas
Florestal, Ltd. (www.azflusa.com) (OTC:
PINK: AZFL), a natural resources company dedicated to
innovative, sustainable forest management, Industrial CBD Hemp and
the certification and sales of carbon credits, today announced that
the company’s wholly-owned subsidiary Amazon Hemp is moving forward
with plans to plant additional acreage in Colorado beginning April
2018, and has identified 2 new properties to add to the 2 presently
secured. The Company has also hired personnel to complete the
formulation of its retail product line of oils that it expects to
launch during the first quarter of 2018.
The Company also announced that it entered into a 3a10 process
with 303 Farms, its contractors in Colorado, through Northbridge
Financial that was approved on November 22, 2017, for a total of $
291k. These payments complete the company's financial
responsibilities in Colorado for 2017.
The Company also announced launching of a new subsidiary, Amazon
Labs, and that it has entered into an MOU with Luis Fernandez
naming him agent for New Business Development. Mr Fernandez, former
director for LATAM BDS, has through an illustrious career been
proven effective to raise funding for new business developments and
will be collaborating with Company Management to structure a $4
Million investment that the company expects to raise for the
completion of Amazon Labs in Colorado beginning the first quarter
of 2018.
The Company also announced that it is moving forward with its
Carbon Offset project on its properties on Northern Brazil. This
week company contractor Edson Braga signed an agreement through
which the company will begin geo-referencing the first 10,400
hectares that it owns in Borba, Amazonas. The GEO process forms
part of completing the new SYSCAR requirements imposed by the
Brazilian Federal Government through its environmental agency
IBAMA. This step will move the company one step closer to priming
these properties for a REDD + project through a UN initiative that
could represent substantial revenues for the company by the last
quarter of 2018.
Ricardo Cortez, Company Chairman for Amazonas Florestal, Ltd.,
said, "We are very pleased to announce this progress on all
fronts of our present business directions. Our shareholders will be
pleased to know also that management remains dedicated and focused
entirely on the fulfillment of these projects that should finally
come into fruition during the next three quarters.”
Juan C. Ubieto, Investor Relations Officer of Amazonas Florestal
Ltd., commented, "Our staff, both in Miami and Colorado, are very
happy with the manner in which the Hemp business is developing in
Colorado as with the general acceptance that our target accounts
have demonstrated thus far on both our CBD products as with the
wood products being offered out of northern Brazil. We have a team
going to Manaus next month that will also set the groundwork to
renew our carbon studies once the geo-referencing of the properties
have been completed. These will determine how many carbon credits
will be available to market from company controlled lands on 20 and
25 year projects.”
About Amazonas Florestal Ltd.
Amazonas Florestal Ltd. is a natural resources company dedicated
to innovative, sustainable management of large tracts of land in
the rainforests of Amazonas, Brazil, that include the certification
and sale of carbon credits and the growth, harvesting, research and
development of Industrial Hemp and related products in the U.S.
Headquartered in Miami, FL, Amazonas's goal is to become a
leader in sustainable forest management and preservation, creating
revenue while protecting the biodiversity of the rainforest
ecosystem and enhancing the lives of the people who live in it.
Through a strategy of selective harvesting, certification and sale
of carbon, biomass and biofuel production, and conservation
incentives, Amazonas Florestal Ltd. intends to help protect one of
the world's greatest natural resources and show how its
preservation can be a profitable activity. Visit the Company
at: www.azflusa.com.
Forward Looking Statements
Forward-looking statements in this release regarding Amazonas
Florestal Ltd. are made pursuant to 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, increased levels of competition, new
products and technological changes, the Company's dependence upon
third-party suppliers, intellectual property rights, and other
risks detailed from time to time in the company's periodic reports
filed with the Securities and Exchange Commission.
Amazonas Florestal Ltd.Email: info@azflusa.comWeb: www.azflusa.com
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