Amazonas Florestal Reports Historically High Q3 Financial Results
Amazonas Florestal, Inc. (OTC: AZFL) (“AZFL”), a natural resources company researching industrial hemp, published its Q3 financial results on Monday, October 18th, showing record-breaking growth for the company. Consolidated revenues hit $4.885 million and gross income was over $500k, both the highest figures for the company thus far.
AZFL, based out of Miami, Florida, has been focused on its goal of becoming a leading provider of products derived from cannabinoid extractions. It has been developing products for both foreign and domestic markets, and specifically has been focused on expanding its presence in Latin America. AZFL recently made acquisitions of Gamma Engineering and Innova Consulting Group, showing progress in its business and growth models.
“These are the highest year to date revenues comparatively ever reported by Amazonas Florestal for any trimester in the recorded history of this issuer,” said CFO Carlos Martínez. “Our subsidiaries Innova and Gamma are achieving excellent results and growth rates through the professional services that they provide to the Colombian growers and to the other strategic alliances and partnerships that are currently being developed and adjoined to these efforts.”
Last week, AZFL also made announcements involving a 51% acquisition of Colombia Dreams Marijuana (CDM), a fully licensed grower of CBD and medical marijuana, and developments with AZFL’s subsidiary Green America Laboratories, which entails advancements in the construction of its latest laboratory facility.
“This dream project is rapidly becoming a reality and will help us complete the alignment of every business component and marketing goal that we had established for this division,” said AZFL CEO Ricardo Cortez.
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