AZFL news! Amazonas Florestal Ltd. Announces Ac
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Posted On: 06/30/2021 2:32:06 PM
AZFL news!
Amazonas Florestal Ltd. Announces Acquisition of Two Colombian Companies
Press Release | 06/30/2021
Miami, FL, June 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amazonas Florestal Ltd. (OTC: AZFL) management announced today that after extensive negotiations, financial analysis and approval from its attorneys—Chairman Ricardo Cortez, effective June 21st, 2021, has executed memorandums of understanding with two companies that will be wholly acquired by Amazonas Florestal. The agreements involving capital and stocks are currently being drafted by AZFL’s attorneys.
Innova Consulting Group (www.innovacg.com.co) and Gamma Engineers & Consultants are both private companies headquartered in Colombia. Innova operates in the Information Technology and Solutions sector, focused on creating programs and software for the cannabis industry. Gamma is an Engineering and Design firm that focuses on cannabis cultivation and processing facilities, mainly operating in hemp grow room design.
Amazonas Florestal’s CEO Ricardo Cortez stated: “We’ve been evaluating the acquisition of these companies for some time now—I could not be happier with our management team’s due diligence and Amazonas’ presence in the country of Colombia. Innova’s involvement in cannabis research and development, coupled with their accounting, testing and inventory software solutions will greatly advance Amazonas’ vision to becoming a big player in the cannabis space. On the other hand, we have always envisioned this company becoming fully vertical, and Gamma brings us much closer to our goal with their expertise in commercial grow room design. We are confident they can help us maximize our potential in hemp cultivation and processing as Amazonas shifts its focus to hemp-derived concentrates and isolates, starting with the opening of our first extraction facility in Miami, FL in the coming
Amazonas Florestal Ltd. Announces Acquisition of Two Colombian Companies
Press Release | 06/30/2021
Miami, FL, June 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amazonas Florestal Ltd. (OTC: AZFL) management announced today that after extensive negotiations, financial analysis and approval from its attorneys—Chairman Ricardo Cortez, effective June 21st, 2021, has executed memorandums of understanding with two companies that will be wholly acquired by Amazonas Florestal. The agreements involving capital and stocks are currently being drafted by AZFL’s attorneys.
Innova Consulting Group (www.innovacg.com.co) and Gamma Engineers & Consultants are both private companies headquartered in Colombia. Innova operates in the Information Technology and Solutions sector, focused on creating programs and software for the cannabis industry. Gamma is an Engineering and Design firm that focuses on cannabis cultivation and processing facilities, mainly operating in hemp grow room design.
Amazonas Florestal’s CEO Ricardo Cortez stated: “We’ve been evaluating the acquisition of these companies for some time now—I could not be happier with our management team’s due diligence and Amazonas’ presence in the country of Colombia. Innova’s involvement in cannabis research and development, coupled with their accounting, testing and inventory software solutions will greatly advance Amazonas’ vision to becoming a big player in the cannabis space. On the other hand, we have always envisioned this company becoming fully vertical, and Gamma brings us much closer to our goal with their expertise in commercial grow room design. We are confident they can help us maximize our potential in hemp cultivation and processing as Amazonas shifts its focus to hemp-derived concentrates and isolates, starting with the opening of our first extraction facility in Miami, FL in the coming
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