Business
Amazonas Florestal, Ltd. Confirms Acquisition of Two Companies That Operate in Colombia
Amazonas Florestal, Ltd. Confirms Acquisition of Two Companies That Operate in Colombia.
About this update from Amazonas Florestal Ltd
[{"type":"text","content":"\n Miami, FL, July 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amazonas Florestal, Ltd. (OTC:AZFL) Management has confirmed the acquisition of Innova Consulting Group and Gamma Engineers & Consultants. Both of these companies are now owned by AZFL under the terms of the acquisition agreements executed this week by Chairman/CEO Ricardo Cortez and the owners of both companies.  Innova Consulting Group, headquartered in Cali, Colombia (www.innovacg.com.co) operates in the Information Technology and Solutions sector, focused on creating programs and software solutions for the cannabis industry. Innova’s app design, strategic planning and manufacturing software will be essential to Amazonas’ future business plans. Innova accomplished sales last year of nearly $1MM in services having grown two fold in the last three years with net earnings of nearly 30% after taxes.  Gamma Engineers & Consultants (www.gammaingenierosyc.com.co), also headquartered in Cali, Colombia, is an Engineering and Design firm that is highly specialized and in the field of cannabis cultivation and processing facilities—mainly operating in the design and installation of organic grow facilities both in greenhouse and indoors, serving the rapidly growing local Cannabis Industry in Southern Colombia. Gamma’s fully integrated design team and technical expertise will further expand AZFL’s vision of designing and building grow facilities around the world.  Amazonas Florestal CEO Ricardo Cortez stated: “As we announced the memorandums of understanding last week, Amazonas Florestal has now finalized the acquisition of Innova Consulting Group and Gamma Engineers & Consultants. The Board of Directors and myself are fully confident that these companies will further extend our presence and scope of work in the global cannabis industry. We are evolving into a big player in the hemp space and both of these companies bring us a step closer to our goal—a vertically integrated cannabis company.” About Amazonas Florestal Ltd.  Amazonas Florestal Ltd is a natural resources company dedicated to the research and development   of innovative projects to process Industrial Hemp in legal cannabinoid concentrations into high CBD, T-Free and Delta-8 products. The Company also p...