Today will be a first time mention here on Street Register for AMAZONAS FLORESTAL COM USD0.001 (OTCMKTS:AZFL), and as we like to do whenever we bring a new topic of discussion to the table, we’ll briefly highlight the company’s core activities.
The company describes itself as a “premier provider and innovator of natural resources products, certification and sales of carbon credits, sustainable forest management resources and related services, as well as a pioneer to the development and enhancement of the evolving and legal Industrial CBD Hemp business”
AMAZONAS FLORESTAL COM USD0.001 (OTCMKTS:AZFL) recently announced that it will not be implementing a reverse stock split during 2017. According to AZFL, its main focus is in the long term success of the company and its shareholders, and it is important to the AZFL family to implement the right strategies and to take the necessary steps to accomplish that goal. Starting by assuring the shareholders that AZFL does not plan nor implement a reverse stock split in the next upcoming years. The company understands the tremendous value shareholders bring to support the success of AZFL.
As part of this current strategy, the company’s board is studying the possibility to buyback company’s shares and pay back part of the debt once the proceedings and profits from the Hemp plantations in Colorado are available. In addition, AZFL has negotiated with note-holders to temporarily freeze selling debt notes up until after harvesting time late October 2017.
Ricardo Cortez, Chairman of AZFL said: “We have three (3) major announcements that we are excited to share with our shareholders. AZFL is aware of the value that the company could potentially bring to our shareholders in the near future once revenues are reported; therefore, we are to avoid any further damage to the shareholders value at this time. Stay tuned for further important updates!”
One of the other announcements made, was the updating of the hemp production run progress at the company’s California, which has surpassed the 60% completion point.
That grow is under the control of the company’s Amazon Hemp subsidiary, which has strategically partnered with TSC, Inc, on a mission to further research, develop, and manufacture future innovative products made with Hemp tailored to the wireless industry.
TSC offers a wide array of products and services into strategic markets. TSC has grown from a computer/cell phone brokering house when it was founded, to the full service company that it is today. With offices in Atlanta and Shenzhen as well as a factory for refurbishing services in Taipei, their offerings include Housings, LCD’s, Touch panels in addition to phone manufacturing and repair services. TSC began as a computer hardware and software broker in 1997. As the market for computers started to wane, TSC diversified into the cellular handset segment. In the early 2000’s TSC built handsets for the Insurance market and helped to develop IQC standards that are still in use today. (Source: Marketwired)
We’ve seen a ton of different companies with just as many different approaches to making a mark on the cannabis industry, but we’d have to say hemp-based solutions for the wireless industry is definitely a new one for us. It’s that unique difference that will fuel our curiosity about AZFL moving forward. Stay locked to Street Register for updates, and we’ll deliver important developments on AZFL as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in AZFL stock, short or long.