It was just a couple of weeks ago that we were discussing AMAZONAS FLORESTAL COM USD0.001 (OTCMKTS:AZFL) here on Street Register, and the stock has made a pretty solid move between then and now. In fact, we’ve seen it run from a low of .0004 up to .0023, which represents an increase of 475%
The latest push to those highs seems to have been helped along by the recent updates issued from the company regarding its finances, hemp plantation status, and more. That includes a shift in management tactics as the CEO has relocated for the express purpose of working out of the company’s headquarters.
This week, AMAZONAS FLORESTAL COM USD0.001 (OTCMKTS:AZFL) announced that company accountants have completed and filed the Q2 Financials and Disclosures with OTC Markets maintaining its current status and demonstrating positive operating results as the company is primed to achieve and report revenues next month from the first product sales that result from its subsidiaries Amazon Hemp Ltd harvest of its first CBD Hemp crop due by late September.
The Company’s wholly-owned subsidiary Amazon Hemp Ltd., through its contractual agreements is also ready to close on and initiate operations at the new eleven (11) acre property located near Fort Lupton in Weld County, Colorado, in September. The company will store and distribute products out of this facility that already has 11,000 square feet of storage and build additional facilities to house a kitchen and products laboratory.
Every day more studies surface about the benefits of CBD on the health of people with serious health conditions such as Parkinson’s and Epilepsy, as well as countless others. As for updates on the company Hemp Plantation, it is on the 93rd day out of 110 days of production, putting the project at an 85% completion.
Ricardo Cortez, Company Chairman for Amazonas Florestal, Ltd., said that, “We are very pleased to report the firm and positive direction of our Hemp Subsidiary. Amazon Hemp is in line to become one of the largest CBD products suppliers in Colorado. Management is also very pleased to report that our CEO Peter Stebbins has relocated to our Miami Headquarters effective August 11th and is directing a new team focused on developing wood products orders with suppliers that have product available in Brazil to new accounts that the company is in process of developing primarily located in the European Union countries.”
Peter W. Stebbins, Chief Executive Officer of Amazonas Florestal Ltd., commented, “Our staff, both in Miami and Colorado, are very happy with the manner in which the Hemp business is developing in Colorado as with the general acceptance that our target accounts have demonstrated thus far on both our CBD products as with the wood products being offered out of northern Brazil. We have a team going to Manaus next month that will also set the ground work to renew our carbon studies. These will determine how many carbon credits will be available to market from company controlled lands on 20 and 25 year projects.” (Source: Marketwired)
As for the chart, AZFL certainly has been on a nice run, and we’ll be anxious to see just how high it can go, even having already shown such big moves, as we were mentioning above. We’ll continue to watch for higher highs and higher lows being recorded, and keep our ears to the tracks for any further announcements. 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.