AMAZONAS FLORESTAL (OTCMKTS:AZFL) has come down big since the huge run it made earlier this year to highs well over half a penny after the Copmanys sawn a slow down of operations due to inclement weather.
AZFL was in the midst of a massive rise in price that started earlier this year in the $0.0001 range to recent highs over half a penny. The stock has transformed into a volume leader on the OTCBB quickly attracting a massive shareholder base.
AMAZONAS FLORESTAL (OTCMKTS:AZFL) 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 products in the U.S.
The big story on AZFl is their wholly-owned subsidiary Amazon Hemp Ltd. 200 acre CBD Industrial CBD Hemp Plantation in Frederick, Colorado, just north of Dacono, Colorado. A total of apx. 474,600 seeds were planted during May in the two separate fields about 2 weeks apart that will allow for Amazon’s contractors to stagger the harvest effectively. The stock took off in August after AZFL said they were on their 93rd day out of 110 days of production, putting the project at an 85% completion.
AZFL took off again on September 5 after the Company announced that as of this date, we are at a 98% growth of the crop in our first 100 acres plantation in Colorado.
To Find out the inside Scoop on AZFL Subscribe to Microcapdaily.com Right Now by entering your Email in the box below
Ricardo Cortez, Company Chairman for Amazonas Florestal, Ltd., said that, “Our management is proud to report that thanks to our alliance with TSC we have been able to secure this property that is an essential asset to our Hemp project in Colorado. The company is now moving forward with plans to install the distilling equipment and for construction of additional buildings for product staging, processing, storage and a kitchen and lab facility at this site and we are happy to report that we are now in line to begin harvesting the first 100-acre property on Route 52 next week and begin work to harvest the second 100-acre field two weeks later. The planting of these fields were purposely staggered to allow our contractors time to stagger the harvests. We should be able to complete the harvesting and packaging of the flower from both fields by the end of this month and will later report the exact results in term of weight and chemical testing.”
Todd Ellison, Managing Partner at 303 Farms, Company Contractors in Colorado, added, “The harvest of these fields is a milestone. The results of 2 years planning and preparation are about to come into fruition. Everything is in line for the smooth harvest of our Marquis M-1 High CBD Hemp that has been tested and should render very positive results.”
AZFL said it expects to have upwards of 2,000 gallons of High CBD Oil as a result of this first harvest that should come around late October of this year and will be placed on the market beginning in November. The Company is already actively pursuing participation in the growing markets for CBD Hemp products such as Oil, Crystals, Vapes and Edibles like Chocolates, Candies, Butter and Cakes.
On October 11 AZFL announced its Subsidiary, Amazon Hemp Ltd., Is Ready To Resume Operations and Complete the Harvesting Process for the First 100 Acre Field Beginning This Week After A Slow Down Of Operations Due to Inclement Weather. The company informs that delay was due to the inclement weather in the area that caused a major slowdown in these operations. Better weather is expected this week and the next and should provide a window to complete the harvest of this first field. The Company also informs that its facilities at Fort Lupton are ready and refurbished for storage and future lab/kitchen facilities.
Ricardo Cortez, Company Chairman for Amazonas Florestal Ltd., stated, “We are looking forward with optimism to complete this process and continue with the second phase.”
We have a Monster Pick Coming. Subscribe Right Now!
Currently trading at a $2,999,721 million market valuation AZFL has little assets or revenues and rising debt. But AZFL is an exciting story developing in small caps; AZFL wholly-owned subsidiary Amazon Hemp Ltd. is nearing completion on its current CBD grow of 200 acres in Frederick, Colorado on which apx. 474,600 seeds were planted that should yield around 2,000 gallons of High CBD Oil by the end of October. According to AZFL Chariman Ricardo Cortez “Amazon Hemp is in line to become one of the largest CBD products suppliers in Colorado.” AZFL has also stated they are already working on formulations of its own CBD product lines. AZFL saw a massive 52% drop on Thursday and the stock is currently looking to make a comeback. Be very careful with these subs they collapse faster then they rise. We will be updating on AZFL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with AZFL.
Sign Up now for our 100% FREE Penny Stock Newsletter
Disclosure: we hold no position in AZFL either long or short and we have not been compensated for this article.