Amazonas Florestal, Ltd (OTCMKTS:AZFL) opened higher on Thursday. The stock has soared over 1150% in the past 6-month.
Market Action
As of 10:37, AZFL stock jumped 18% at $0.0033. The stock has traded 188.46 million shares, compared to its average volume of 194.80 million shares. The stock opened at $0.0028 and moved in a range of $0.0028 – 0.0035.
Major Trigger:
Amazonas Florestal, Ltd. Confirms Acquisition of Two Companies That Operate in Colombia
Key Highlights:
- Amazonas Florestal, management has confirmed the acquisition of Innova Consulting Group and Gamma Engineers & Consultants. Both of these companies are now owned by AZFL under the terms of the acquisition agreements executed this week by Chairman/CEO Ricardo Cortez and the owners of both companies.
- Innova Consulting Group, headquartered in Cali, Colombia (www.innovacg.com.co) operates in the Information Technology and Solutions sector, focused on creating programs and software solutions for the cannabis industry. Innova’s app design, strategic planning and manufacturing software will be essential to Amazonas’ future business plans. Innova accomplished sales last year of nearly $1MM in services having grown two fold in the last three years with net earnings of nearly 30% after taxes.
- Gamma Engineers & Consultants (www.gammaingenierosyc.com.co), also headquartered in Cali, Colombia, is an Engineering and Design firm that is highly specialized and in the field of cannabis cultivation and processing facilities—mainly operating in the design and installation of organic grow facilities both in greenhouse and indoors, serving the rapidly growing local Cannabis Industry in Southern Colombia. Gamma’s fully integrated design team and technical expertise will further expand AZFL’s vision of designing and building grow facilities around the world.
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