Amazonas Florestal Ltd. Announced Today That the Company Has Hired Auditors to Complete the 2016-2017 Audits and the Formation of a New Division That Will Grow and Market Medical Marijuana in Canada
MIAMI, FL, Sept. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Amazonas Florestal(AZFL), Ltd. ( the “Company”) (www.azflusa.com) (OTC: “AZFL”), a natural resources company dedicated to innovative, sustainable forest management, Industrial High CBD Hemp and the certification and sales of carbon credits, today announced that the Company has rehired the firm of Monte Waldman CPA to complete its pending 2016-2017 audits that will consolidate the financial requirements necessary to achieve funding facilities proposed for its present business plans and business direction. The Company also announced that it has incorporated a new division named AF Cannabis Corp. in Canada. The newly formed Canadian company will be structured as a wholly owned subsidiary of the Company and will operate in growing and marketing of Medical Marijuana in Canada.
The Company further announced the completed Business Plans for a Colorado Industrial High CBD Hemp Plantation and products laboratory that will be presented to qualified investors through crowd funding platforms, where it has already begun to attend inquiries from private investors interested in providing facilities to fund the project.
Ricardo Cortez, Company Chairman of Amazonas Florestal, Ltd(AZFL) said, “Company management is very pleased to have rehired the professional services of its previous accountants at Monte Waldman CPA to perform our pending 2-year audit. This is the same firm that completed our last audits through December 2015 to satisfaction and we expect their diligent efforts once again in completing this requirement by no later than October 15th. The completion of these audits will bring our financial records and filing obligations to date and will give the Company investors the needed assurance that they require in order to complete funding facilities for funding of the high CBD Hemp Lab in Colorado and Carbon business in Brazil.”
In other company news, Mr. Cortez said, “We have incorporated a new division in Canada, aptly named AF Cannabis Corp. ( AFC), that will be dedicated to growing and marketing Medical Marijuana in the Toronto area and expand beyond to other Canadian states. The Company expects to expand its CBD brand to include Canadian products sold to the Canadian public. We have found the right business combination there and are applying for licensing with the proper Health and Public authorities. The intention of this new venture, if and when it becomes successful, would be to register shares with the Canadian Security exchanges.”
Also, the Company Managers announced that the Company continues the market development of its brand, Balance CBD in 500 mg and 1000 mg strengths, as its spearhead products for placing CBD on the market in preparation for the increased amounts of CBD products that will likely become available for the Company to market next year from new plantations it will develop as part of the lab project.
Company CFO Mr. Carlos Martinez expressed, “All of the financial aspects of the company are being re-organized, including putting audits up to date, to complete all of the requirements that have been outlined to the Company by new investors interested in providing funding facilities that will enable the Company to fund its business plans and potentially achieve revenues before the end of this fiscal year 2018”. Mr. Martinez further stated, “I am personally very satisfied to have been given the opportunity to form an intricate part of this team and to utilize my experience in Bank Management in setting up the systems and financial processes that should allow Amazonas access to funding these very interesting projects.”
AI
