MIAMI, FL, Sept. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Amazonas Florestal, 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 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.”
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 Hemp and related high CBD products in the U.S. and internationally.
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.
CONTACT: Contact: Amazonas Florestal Ltd Email: info@azflus.com Web: www.azflus.com