Business
Amazonas Florestal, Ltd. Publishes 3rd Quarter Financial Reports
Amazonas Florestal, Ltd. Publishes 3rd Quarter Financial Reports.
About this update from Amazonas Florestal Ltd
[{"type":"text","content":"\n Miami, FL, Oct. 18, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amazonas Florestal, Ltd. (OTC:AZFL) Management announced today that the Company has posted its 3rd quarter financial reports and disclosures—showing consolidated revenues of  $4.885 Million that derived primarily from the operations of its recently acquired subsidiaries Gamma Engineers and Innova Consulting. The two Colombian companies have displayed tremendous efficiency and growth potential while transitioning to the surging cannabis space with customers throughout Colombia. Innova has projected positive revenues from operations of more than $8 Million for its fiscal 2021 operations. AZFL’s quarterly report demonstrates gross income of $502,483, the issuers highest reported income in its history. The Company operators in Colombia estimate that these present operations compounded with new business that is to be organized in the final trimester of this year will position AZFL as a leader in the field among Hemp and Medical Marijuana licensed producers in Colombia. CFO Carlos Martínez stated: “These are the highest year to date revenues comparatively ever reported by Amazonas Florestal. Management is doing outstanding work in establishing its presence in the emerging Latin American cannabis markets. Our subsidiaries Innova and Gamma are achieving excellent growth rates through the services that they provide to the Colombian producers and to the other strategic alliances and partnership that are being consolidated to these efforts. The organization of these subsidiaries abroad and the modern lab it is building in South Florida are proving to be the spark that will take AZFL to fulfill the profitable business combinations it had strived to accomplish for many years.” AZFL also announced that last week its subsidiary Green America Laboratories completed submission to the county building and planning authorities of the second set of architectural drawings. CEO Ricardo Cortez said: “Our development team has worked restlessly on the design, review and presentation of these architectural plans. We are making great progress in meeting building and zoning requirements and are excited to start the construction of our state-of-the-art laboratory facility very soon. We feel confident that we’ve put together the tea...