Amfil Technologies Inc. (OTCMKTS: FUNN) is making a strong move up the charts since reversing off $0.0309 lows on moderate volume. The stock has a long history of runs including a historic run back in late 2017 early 2018.
Microcapdaily has been reporting on Amfil Technologies for years noting back in September 2018 – Amfil Technologies Inc (OTCMKTS: AMFE) has been running up the charts in recent days from a start point of $0.08 to recent highs near $0.15. The stock has also transformed to become one of the most traded stocks on the entire OTCBB. AMFE is one exciting story in small caps! The Company just announced they completed an audit with RBSM LLP that shows revenues for fiscal 2017 total $8,168,251. Incredible numbers indeed for any pink sheet Company. AMFE also stated it has submitted the required documentation to OTC Markets to up-list to the OTCQB Venture Market and anticipates the up-list to be approved and completed in the coming weeks
Amfil Technologies Inc. (:FUNN (OTCMKTS) is the operator of 3 businesses: 1). Snakes & Lattes Inc – a board game bar/cafe and board game retailer/distributor/publisher. 2). GRO3 Antimicrobial Systems – Amfil Technologies has a 50% joint venture interest in this ozone based antimicrobial product line targeting the Medical Marijuana cultivation industry. 3). Interloc-Kings Inc. – a hardscape construction company located in southern Ontario.
1). Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates 3 tabletop gaming bars and cafes located in Toronto, Ontario and 1 in Tempe, Arizona. The company is in the process of expanding throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America, is believed to be the largest in the world and has the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 100+ member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world. The company also operates a lucrative fulfillment and distribution division and has recently entered into the board game publishing business through the acquisition of Morning which is expected to add significant revenues to the bottom line. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The EcoPr03 GRO3 Antimicrobial System was jointly developed between Amfil Tech and A.C.T.S. Inc. which recently rebranded its technology under Advanced Ozone Integration as an extension of the existing ozone technology being utilized in the food and beverage industry and integrated by A.C.T.S. into companies such as Pepsi, Nestle, Sysco, Sun Pacific and many others. The system is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators (like aphids, whiteflies and spider mites), as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals. The unit can also constantly regulate a given facility’s water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold (allowing for comprehensive water recycling), simultaneously removing the need to use pesticides and/or dangerous, often carcinogenic products to treat production problems, as is common throughout the industry today. This environmentally-friendly solution also eliminates odors, while slightly reducing the air temperature, lowering energy consumption by the HEPA filtration and HVAC systems and could potentially allow for a facilities process to be labeled certified organic in the U.S.A. when the crop is no longer considered illegal on the federal level, otherwise “Clean Green” or “Certified Kind” in the meantime. The EcoPr03 GRO3 Antimicrobial System recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. The subsidiary has developed a strategic partnership with Roto Gro, the creator of proprietary rotary hydroponic technology. More information on this product line can be found on the www.gro3systems.com website or on twitter @GRO3Systems.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer. Unilock is North America’s premier manufacturer of concrete interlocking paving stones and segmental wall products. Interloc-Kings Inc. has an A+ Rating with the Better Business Bureau (BBB) and a 10/10 rating on homestars.com. Specializing in stone and wood installations between $5,000 and $150,000 per project, Interloc-Kings Inc. has quickly become a top, high quality installation company of outdoor living areas in the GTA. More information on this subsidiary can be found at the website www.interloc-kings.com
ebruary, 2020 (Microcapdaily.com) — Microcapdaily.com is an exciting small caps focused media portal providing in depth content on small cap companies such as Amfil Technologies Inc. (OTCMKTS: FUNN)
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The big story on AMFE is Snakes & Lagers Inc. which currently operates 3 tabletop gaming bars and cafes located in Toronto, Ontario that brought in over $7M CAD in revenue last year. The company is in the process of franchising throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from.
Snakes & Lattes Inc. currently has a 100+ member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world. The company also operates a lucrative fulfillment and distribution division and has recently entered into the board game publishing business through Snakes & Lattes Publishing SAS which recently acquired Morning games in France, which is expected to add significant revenues to the bottom line in the future.
On January 31 FUNN announced it has entered into an agreement to aggressively expand the Snakes & Lattes subsidiary’s brick and mortar locations in the USA. A group of professionals and investors, along with the existing USA Expansion Team members, will spearhead the rollout of the additional USA locations. It is expected that these new locations will be built at a much faster rate than seen to date, some being worked on simultaneously using the guidelines and model already established by Snakes & Lattes Inc.
The initial agreement is for the opening of ten (10) additional corporate owned locations in the USA, effectively tripling the total number of worldwide corporate owned locations. The expansion team is confident in the success of the proposed openings and have agreed to forfeit any compensation until the first milestone of four (4) new locations in the USA have opened. Management and the company is also very confident in the USA Expansion Team’s abilities in that upon this first milestone completion of four (4) new corporate owned locations, Roger Mortimer has agreed to pledge a portion of his own preferred shares to compensate the group for their efforts to that point to help minimize share dilution for the benefit of all shareholders and the company.
This agreement is independent and will not affect the Tempe, AZ location which is already open as well as the Tucson, AZ location which is in the build out process. The group has committed to the simultaneous construction of numerous cafes, and they are confident they will be capable of maintaining the high standard customers of Snakes and Lattes Inc. are accustomed to. The accelerated expansion will lead to a significant increase in the company’s growth rate, exceeding anything the company and shareholders have witnessed previously.
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Currently trading at a $20 million market valuation FUNN has $121k cash in the treasury and $6 million in current liabilities which has caused significant dilution which has dragged down the price. FUNN has strong revenues reporting $2.8 million in sales for the 3 months ended September 30, 2019. FUNN is an exciting story developing in small caps – the Company operates the first board game bar and cafe in North America, believed to be the largest in the world which they are in the process of franchising throughout North America as well as opening 10 new locations. AMFE also has significant sales and is quickly developing a loyal shareholder base that believes this one goes higher. We will be updating on FUNN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FUNN.
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Disclosure: we hold no position in FUNN either long or short and we have not been compensated for this article.