Business
Amazonas Florestal, Ltd. Announces Acquisition of Colombia Dreams Marijuana (CDM)
Amazonas Florestal, Ltd. Announces Acquisition of Colombia Dreams Marijuana (CDM).
About this update from Amazonas Florestal Ltd
[{"type":"text","content":"\n Miami, FL, Oct. 21, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amazonas Florestal, Ltd. (OTC:AZFL) advised its shareholders today that a Memorandum of Understanding has been completed and signed for the acquisition of 51% of the total issued and outstanding shares of Colombia Dreams Marijuana (CDM), a Colombian company based out of Ciénaga, Magdalena. CDM is fully licensed in Colombia and dedicated to the cultivation, product manufacturing and distribution of High-CBD Hemp and Medical Marijuana flower, and its many derivative products. Formal acquisition agreements will be signed this week.  Since 2016, CDM (www.cdmcolombia.co) has focused primarily on the research and development of home grown hybrid cannabis plant genetics, keeping the company a step above its local competition. The company has developed hybrid genetics that are testing to some of the highest cannabinoid content levels found anywhere in Colombia. CDM breeds several strains of hybrid genetics, producing an active fully licensed femenized seed bank in several promising strains and then utilizing the home bred seeds to further develop super mothers and clones customized to the local climate and other environmental factors for their cultivation outdoors. These unique genetics have positioned CDM to become an important supplier of original top-shelf cannabis products that include: Medical Marijuana and High-CBD flower, high cannabinoid content oils, standardized and femenized seeds, food supplements, pain balms, creams, lubricants and cosmetics.  AZFL CEO Ricardo Cortez stated: “I am thrilled to make this announcement as we continue to take important steps towards establishing our company as a leader in the industry with focus on gaining a market share of the emerging markets here in South Florida and overseas. Colombia is an incredibly biodiverse country that possesses the most favorable climate, PH in the water and soil, natural irrigation systems and the perfect light, temperature and humidity mix—mother nature’s kitchen at its finest. These elements are the foundation that make these unique Colombian strains of the highest quality and chemical content found anywhere and the Colombian cannabis crops a step above most of the rest of the world.”  Cortez further expressed: “CDM has built an experience...