Business
Amazonas Florestal, Ltd. Announces the Organization of Mountain High Apothecary and Publishes Update of Recent Company Business Developments
Amazonas Florestal, Ltd. Announces the Organization of Mountain High Apothecary and Publishes Update of Recent Company Business Developments.
About this update from Amazonas Florestal Ltd
[{"type":"text","content":"\n Miami, FL, Nov. 04, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amazonas Florestal, Ltd. (OTC: AZFL) announced today that the company has provided its shareholders and investors with a recap of new company business developments and disclosed a status update for company projects. AZFL’s subsidiary in Miami, FL, Green America Laboratories (GAL), has presented building plans that are presently under review by local county building and planning authorities. GAL’s development team expects approval to proceed with the build-out and installation of the state-of-the-art laboratory facility in the coming weeks. The lab’s configuration manufactured by Precision Extraction Solutions has the capacity to produce 225 liters of pure CBD distillate daily and once operational will be the largest manufacturer of bulk cannabinoid concentrates in South Florida. Company managers project 2022 product sales of more than $30 Million for GAL. This past week, AZFL also reported its third quarter financial results and disclosures showing the highest revenues and gross profit levels of any trimester in the history of the company as a registered issuer. The company posted consolidated revenues from operations of $4.885 million, and more than $500k in gross profit for the quarter ended September 30th, 2021. AZFL’s wholly owned subsidiary Innova Consulting Group, already reporting positive financial results, projects to increase revenues again two-fold as it reveals new applications designed for marijuana management, plus agricultural and distribution solution applications to an expanding customer base. The new applications are designed for the Latin American Cannabis Markets. The company is also rapidly increasing its customer base among the more than 1,800 cannabis licensees in the country of Colombia that demand the innovative software solutions that Innova provides locally. AZFL’s partnership with Colombia Dreams Marijuana (CDM) has advanced efforts to complete its labeling designs and mass processing capabilities for products that are being registered for sale in Mexico and throughout Europe starting in Italy this winter. CDM holds all the cultivation and production licenses for cannabis derivatives, while also having a long-standing technical and scientific cooperation agreement with the National University of...