We first mentioned AMAZONAS FLORESTAL COM USD0.001 (OTCMKTS:AZFL) here on Street Register back on August 10th. At the time the stock was trading in the super-sub-penny range, that day seeing a low of .0004.
The progress it has made on the chart since then has been very impressive to say the least, as the stock has been in a general uptrend since that time. In fact, as of hitting new highs of .0027 to kick off this short trading week, AZFL has now made a move of 575% for us in less than one month’s time. It’s not just progress on the chart, either.
AMAZONAS FLORESTAL COM USD0.001 (OTCMKTS:AZFL) has secured a 10.5 Acre Property in Weld County, Colorado, on a long-term lease. This property will serve to store the full amount of CBD Flower that Amazon Hemp expects to yield from the two 100-acre fields that will be harvested this month. This property will also serve as location for the equipment and machinery that has been acquired for production of crude CBD Oil, Distillate, and Islets. The location is also primed to become site for the company’s complete products laboratory now in projection for early 2018.
As for an update on the company’s Colorado hemp grow, it is currently at a 98% growth of the crop in the first 100 acre plantation. At the time of our initial article on AZFL the progress was standing at 60%
Ricardo Cortez, Company Chairman for Amazonas Florestal, Ltd., said that, “Our management is proud to report that thanks to our alliance with TSC we have been able to secure this property that is an essential asset to our Hemp project in Colorado. The company is now moving forward with plans to install the distilling equipment and for construction of additional buildings for product staging, processing, storage and a kitchen and lab facility at this site and we are happy to report that we are now in line to begin harvesting the first 100-acre property on Route 52 next week and begin work to harvest the second 100-acre field two weeks later. The planting of these fields were purposely staggered to allow our contractors time to stagger the harvests. We should be able to complete the harvesting and packaging of the flower from both fields by the end of this month and will later report the exact results in term of weight and chemical testing.”
Todd Ellison, Managing Partner at 303 Farms, Company Contractors in Colorado, added, “The harvest of these fields is a milestone. The results of 2 years planning and preparation are about to come into fruition. Everything is in line for the smooth harvest of our Marquis M-1 High CBD Hemp that has been tested and should render very positive results.” (Source: Marketwired)
With the rapid rise in operational progress as well as on the chart, along with assurances from the company that it will not be implementing any reverse splits this year, it makes AZFL an attractive stock to continue keep on watch. A spike of more than 500% far exceeded our initial expectations, so it will be very interesting to see where the story goes from here. 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.