MIAMI, FL -- November 15, 2017 -- InvestorsHub NewsWire --
Amazonas Florestal Ltd. (www.azflusa.com) (OTC:
PINK: AZFL), a natural resources company dedicated to
innovative, sustainable forest management, Industrial CBD Hemp and
the certification and sales of carbon credits, today announced that
the company's wholly owned subsidiary Amazon Hemp Ltd. [AF1] is
completing the first phase of its 200 Acre Project for the
elaboration of High CBD Hemp products. Early results indicate that
this year's first crop planted with a genetic known as Marquis M1,
will render successful economic results and allow for the company
to plant again in these fields starting next May 2018 while
expanding in size to plant in other fields that have become
available to the company for lease next year. Amazonas also
announced major progress in the development of Amazon Hemp's
product lines that include CBD oils, distillates and dietary
supplements with initial distribution to begin in
December.
Once transformed into these products the Company will place
product on the wholesale consumer market with initial revenues
expected from this activity beginning in the final quarter of this
fiscal year. The Company will continue construction of its
kitchen/lab facility on another property leased by the Company in
Colorado. The completion of this facility and the official
inauguration of these new products lines manufactured by the
Company are expected by the second quarter of 2018.
Ricardo Cortez, Company Chairman for Amazonas Florestal Ltd.,
said that "Our management is quite proud to announce these
accomplishments. It is an exciting time for the company as we begin
to see the fruition of these efforts. It has been a considerable
amount of work and travel for all of our operatives both in Miami
as here in the fields of Colorado. Our shareholders can expect to
hear more positive reports coming soon as the extraction and
distribution of these chemicals and products takes off as expected
during the coming months."
Johnnie Cisneros, Managing Director at Amazon Hemp, commented,
"We are happy to report that the First Phase of the project and
preps to receive, store and process product is all moving ahead on
the new schedule as programmed last month. Staging is set up with
the first batches of product expected to go to market by
mid-December. The Company is now in line to achieve these initial
revenues before the end of the year as originally projected with
potential sales from these oils through the first 3 quarters of
2018."
Pepper Stebbins, Company CEO, added that "The first phase of our
Hemp project will finally complete this month. We have had to
overcome a number of challenges with weather and equipment but are
happy to report that these have been settled and everything is now
running smoothly."
About Amazonas Florestal Ltd.
Amazonas Florestal Ltd. is a natural resources company dedicated
to innovative, sustainable management of large tracts of land in
the rainforests of Amazonas, Brazil, that include the certification
and sale of carbon credits and the growth, harvesting, research and
development of Industrial CBD Hemp and related products in the
U.S.
Headquartered in Miami, FL, Amazonas's goal is to become a
leader in sustainable forest management and preservation, creating
revenue while protecting the biodiversity of the rainforest
ecosystem and enhancing the lives of the people who live in it.
Through a strategy of selective harvesting, certification and sale
of carbon, biomass and biofuel production, and conservation
incentives, Amazonas Florestal Ltd. intends to help protect one of
the world's greatest natural resources and show how its
preservation can be a profitable activity. Visit the Company
at: www.azflusa.com.
Forward Looking Statements
Forward-looking statements in this release regarding Amazonas
Florestal Ltd. are made pursuant to the "Safe Harbor" provisions of
the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance
of the Company's products, increased levels of competition, new
products and technological changes, the Company's dependence upon
third-party suppliers, intellectual property rights, and other
risks detailed from time to time in the company's periodic reports
filed with the Securities and Exchange Commission.