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Marijuana

Amfil Technologies Inc (OTCMKTS:AMFE) Provides More Details Regarding Natural Stuff Inc. Acquisition

Amfil Technologies Inc (OTCMKTS:AMFE) has moved ahead to serve all its shareholders and the investment community as a whole with its latest updates regarding the latest acquisition and newest subsidiary called Natural Stuff Inc. (NSI).

According to a top executive working with the company, NSI was acquired way back in November 1st 2017.It is also notable to point out to the fact that the passage of time is witnessing Snakes & Lattes Inc subsidiary experience immense growth and the last 12 months have been outstanding.

Natural Stuff Inc takes immense pride in the fact that at the moment it owns the distribution rights to a number of the beverage and food brands including 28 Black which is basically a popular premium energy drink. At the time of its official acquisition, NSI boasted of about 300 accounts in the whole of Canada. Much has been done over time in line with undertaking major developmental efforts since at the moment growth has scaled up to hit the 500 mark in terms of the accounts in Canada.

Silvano Racioppo, who happens to be founder and President of NSI will be upholding his position and that is according to the stipulations in line with this particular agreement. Maintaining the top official in his leadership position according to market observers will see him succeed in his efforts which are definitely geared towards driving the expansion of all associated businesses. But what is it that is so outstanding about him?

Mr. Racioppo boasts of many years of experience in the distribution and logistics for the various drink and food brands which generate almost $18 Million per year. There was a time when a family tragedy impacted him negatively and that in a major way dragged him away from his business.

The landlord of a key property in Tempe which is found in Arizona gave a signed LOI to Snakes & Lattes Inc and analysts following closely on the matter have made a joint statement outlining that the move brought it much closer to penetrating the US market. The President of the Snakes & Lattes Inc Ben Castanie said that they hoped to fly down to meet with the landlord hopefully by Thursday and the goal will be finalize the lease.

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Technology

Amfil Technologies Inc (OTCMKTS:AMFE) Releases Update on GROzone Developments

Amfil Technologies Inc (OTCMKTS:AMFE) have jointly signed confidentiality/ non-disclosure deals with a large hydroponic systems producer and have started the due diligence procedure to engage in a venture to distribute and integrate the GROzone EcoPr03 Antimicrobial System as a tailored add-on to hydroponic setups. There will be dual statements naming the associate as they have asked additional time to arrange and so additional contracts can be finalized. This producer will be getting their initial EcoPro3 unit in the imminent weeks.

The highlights

Amfil Technologies produces an automatic hydroponic vertical farming arrangement intended for use in the fast growing medicinal marijuana market. The system has been intended to deliver fluids, carbon dioxide and nutrients more efficiently and effectively than conventional growing arrangements. The system has been accepted by numerous cannabis distributors and producers in the U.S., Canada and Europe and has a recognized customer base.

Moreover, through the contract with GROzone, the hydroponic method will provide ozone via the combined EcoPro3 Antimicrobial Arrangement, resulting in the capacity to offer growers an inclusive, highly efficient, and eco-friendly setup to manufacture medicinal grade pot.

Future growth plans comprise expansion into the food segment, targeting parts challenged by elements such as contaminated water sources and climate and, making it tough to cultivate crops using traditional farming processes. The GROzone systems were advanced from current know-how which has been utilized in the beverage and food industry for more than 20 years, offering units for major firms such as Sun Pacific, Nestle and Pepsi.

Amfil reported that the GROzone management plans to apply their technical expertise, knowledge and proven track record in the market to further cultivate and expand the scope of both firms moving forward. Several synergies between the two firms are being assessed and the respective teams are expecting a unified expansion of both firms as a direct outcome of this strategic association.

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Business

What Is Going On With Amfil Technologies Inc (OTCMKTS:AMFE)?

Amfil Technologies Inc (OTCMKTS:AMFE) released an update on its Snakes and Lattes Inc./Snakes and Lagers Inc. subsidiary to the investment community and shareholders. Snakes & Lattes has obtained its largest purchase order in its history from Indigo Chapters and will be offering almost 10,000 units each of a count of titles it hold exceptional Canadian distribution rights to, comprising Cards Against Humanity, Joking Hazard, Watch Ya Mouth and Exploding Kittens.

The details

Nintendo of Canada’s PR unit approached Snakes & Lattes to potentially associate and create game nights at the different Snakes & Lattes locations. This plan is intended to help showcase and promote the recently introduced Nintendo Switch gaming console and the latest game 1-2 Switch. It is a highly interactive and popular party game that demonstrates the system’s different unique features and remarkable new know-how.

Updates will be imminent once the company finalize the details. The company will be warehousing, drop-shipping and supplying orders placed on Amazon for all the titles that Snakes & Lattes has exceptional Canadian distribution privileges to. Amfil is extremely excited and thrilled with the development that the Snakes & Lattes and Snakes & Lagers subsidiary has recorded to date.

Snakes & Lattes will be presenting at Cineplex Rec Room, as a pilot assignment for a couple of weeks and will offer board game gurus and offerings to deliver a library of games. Additional collaboration deals are being brought together and updates will be offered on these measures as they advance.

Amfil will also be presenting a recruitment event and job fair starting next month to engage almost 60 new staff personnel and have them educated before the start of the latest and largest Snakes & Lattes site to date. Matching demand at the Snakes & Lattes retail locations and on the warehouses they have increased staff to 100 from 90 employees.

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Technology

Amfil Technologies Inc (OTCMKTS:AMFE) To Target OTCQX Platform

Amfil Technologies Inc (OTCMKTS:AMFE) has started the process of getting quotes from PCAOB approved auditing firms so as to gain SEC fully reported status. Since the latest acquisition of Snakes & Lagers Inc. and its impact on the financial report, the firm plans to up-list to OTCQX platform from the OTC Pink tier.

The details

Last year in May, Amfil submitted audited financial report completed by MNP LLC. for FY2013 and FY2014. Since inception in 1985, the company had remained an SEC reporting issuer until its switch to alternative reporting in last year. The FY2015, FY2016 and the quarterly financial report thus far into FY2017 were submitted unaudited via OTC Markets as per the alternative reporting process.

In the coming period, the firm plans to have year ends FY2015, FY2016 and FY2017 audited along with the submission of Form 10 to regain SEC fully reporting status. The company would like to complete this process if possible in FY2017, being June 30, 2017 or shortly thereafter.

Amfil reported that the impact of this would be an up-listing to the OTCQB tier from OTC Pink. The up-listing has remained on company’s agenda for quite some time. The existing plans to up list to the OTCQB tier will offer the investment community with transparency and enable the stock to be traded by increased number of brokerages, eliminating many of the concerns the company face as an OTC Pink Current firm. They will have more to talk about up-list process in the coming weeks.

The OTCQB platform is for development and entrepreneurial stage firms that fail to qualify for OTCQX. These firms must be current in reporting and must complete yearly verification and management certification course. It is the firm’s intention to opt for a further up-listing to the OTCQX exchange. Amfil consider that it fulfills all set guidelines to make the change, aside from the minimum bid price of $0.25 per share.

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