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Wednesday, August 23, 2017 10:54:34 AM
Hemp Plantation Update:
As of today, we are on our 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."
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