AMAZONAS FLORES/SH NEW (OTCMKTS:AZFL) has announced that its fully-owned Amazon Hemp Ltd has been granted the permission to proceed with the development of a new line of CBD infused products. Accompanying this permission is a new funding facility that was approved by the Board of Directors to facilitate the process. AMAZONAS FLORES is a natural resource company, which specializes in innovation, Industrial CBD Hemp, sustainable forest management as well as certification and sales of carbon credits.
The company in February this year launched to its Amazon Hemp branded products into the market will now be working to complete the complete line of between 6 to 10 products. The products will include 10MG Gummy Stars, which will come in several flavors, a 250MG and 1500 MG CBD Supplement and a powdered concentrate, which can be mixed with juice, tea or coffee.
The company amounted that it had commenced the formulation as well as consumer testing of its new products and it is expected that the product will be in the market by end of June this year. In a statement, Amazonas Florestal, Ltd Chairman Ricardo Cortez said the company’s management is very happy with the level of acceptance of the products in the market adding that then sales team has been bring back positive reports from the field.
On the other hand, Amazon Hemp Ltd Chief Operating Officer Johnny Cisneros said they are currently putting a lot of effort in marketing the product in Florida and Colorado where the company’s products are actively being sold and the results are impressive. Cisneros said that several convenience stores, smoke shops, dispensaries and medical facilities have been inquiring about the product with some expressing interest in joining the chain of distribution.
According to Cisneros, the company’s facility in Weld County has made a lot of progress and has started formulation of a number of products that will be launched in May and June. The company is projecting that by the end of the second quarter, it will have at least six products selling on the market. The company has also witnessed an increasing number of distribution outlets.