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Monday, September 20, 2021

Amfil Technologies Inc. (OTCMKTS: FUNN) Major Reversal as Snakes & Lattes Goes into Full Expansion Opening 7th Location.

Amfil Technologies Inc. (OTCMKTS: FUNN) is moving northbound with power after a brief dip below a penny.  The stock is started to get noticed at current price levels and looks to be seeing some steady accumulation. FUNN has a huge following of international investors and is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.0.049 and its blue skies ahead and confirmation of the next big leg up.  

Amfil has reopened all its locations that were shuttered during the covid lockdowns and is now in a better situation than it has been in since a long time. With Snakes & Lattes ‘Tempe’ leading the way, US Snakes & Lattes locations are seeing steady growth as the country re-opens.  Tempe has been consistently breaking sales records, and is on pace to surpass $1 million in revenue for the first six months of 2021. Snakes & Lattes ‘Tucson’ location was completed and had a Grand Opening at the end of April. Recently the Company reported their Toronto reopening was a great success. Currently in expansion mode as the Company opens it 7th location investors know this Company was doing big numbers before the pandemic and was profitable. Currently investors are awaiting audited financials and a possible up listing.  

Amfil Technologies Inc. (OTCMKTS: FUNN) is the parent company to three wholly owned subsidiaries the most exciting of which is Snakes & Lagers Inc. which holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates 7 locations and growing fast. 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. To this end the Company is already selling board games such as KTU/Red Panda/Pigicorn to over 192 Individual Retailers + 125 locations for retailers with multiple locations (296 total) and on Amazon USA : England : France : Germany : Italy : Canada : Saudi Arabia : Australia and Singapore. 

FUNN operates two more subsidiaries; 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.  FUNN subsidiary 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.  

In a recent update Amfil reported it has had tremendous quarterly success thanks to the continued efforts of its teams in Canada and the USA.  In its Snakes & Lattes division, the Company is looking forward to opening its seventh and newest location in Guelph, Ontario this quarter, provided that Canada’s reopening continues at the current pace. Amfil has opened Snakes & Lattes ‘Tucson’ to rave reviews since the last quarterly update.  Interloc-Kings Inc. continues to deliver solid results as the renovation and hardscaping business enjoys brisk demand.  Over the past several quarters, the Company has benefitted from the leadership of Rogen Chhabra as its interim CEO.  Rogen took the job in order to get the company on solid footing, get its audit process fixed, prioritize communication, navigate a global pandemic, and get Amfil back on track for the next phase of growth as a company.  

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Microcapdaily first reported on Amfil Technologies Inc back in September 2018 when it was AMFE reporting at the time: “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.”

Earlier this year Amfil updated shareholders on their tentative plans to expand into the cannabis dispensary business. Tokin Dispensaries Inc. and David Berkovits entered into an assignment agreement with FUNN whereby Tokin assigned assets to FUNN which will own 100% of the dispensaries opened under the agreement subject to Canadian government approval for its dispensary operator’s license. FUNN Dispensaries, Inc. has been approved for incorporation in Canada. FUNN Dispensaries, Inc. has begun the process of acquiring the necessary dispensary operator’s license.   

With Snakes & Lattes ‘Tempe’ leading the way, our US Snakes & Lattes locations are seeing steady growth as the country re-opens.  Tempe has been consistently breaking sales records, and is on pace to surpass $1 million in revenue for the first six months of 2021. Snakes & Lattes ‘Tucson’ location was completed and had a Grand Opening at the end of April.  Reviews have been overwhelmingly positive. As Snakes & Lattes “Chicago” reopens, Amfil is seeing very encouraging signs of interest in group business.  In the coming year, management looks forward to transitioning from survival to growth. 

On July 28 FUNN reported their Toronto reopening was a great success. Management stated:  “We were overjoyed to welcome guests back to our spaces. Reassembling the team and seeing so many people enjoying themselves together again were a tremendous reminder of why we started Snakes & Lattes eleven years ago. We are seeing strong demand, especially for weekend bookings, which can now be made in advance. 

Tempe continues to be our busiest location, and in addition to having their best week EVER, they are breaking sales records almost daily. The team is doing a great job of streamlining and improving operations, profitability, and guest experience. Tucson will be adding brunch service just in time for the return of students in August. Foot traffic will be increasing exponentially, in-person learning is back, and we have spent the summer building our local customer base. 

Chicago has been increasing business every week, especially in the last month, where we are starting to see larger groups, more participation in our events, and more private dining room bookings. While the labor market has been tight for the entire hospitality industry, Chicago has been especially impacted, and hiring has been a challenge. That said, the core team is really producing at an incredible level and we are very proud of all their hard work and dedication. As we fill out the ranks, we will be expanding our hours and days of operation. 

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Amfil Technologies is moving northbound with power after a brief dip below a penny.  The stock is started to get noticed at current price levels and looks to be seeing some steady accumulation. FUNN has a huge following of international investors and is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over $0.0.049 and its blue skies ahead and confirmation of the next big leg up. Amfil has reopened all its locations that were shuttered during the covid lockdowns and is now in a better situation than it has been in since a long time. With Snakes & Lattes ‘Tempe’ leading the way, US Snakes & Lattes locations are seeing steady growth as the country re-opens.  Tempe has been consistently breaking sales records, and is on pace to surpass $1 million in revenue for the first six months of 2021. Snakes & Lattes ‘Tucson’ location was completed and had a Grand Opening at the end of April. Recently the Company reported their Toronto reopening was a great success. Currently in expansion mode as the Company opens it 7th location investors know this Company was doing big numbers before the pandemic and was profitable. Currently investors are awaiting audited financials and a possible up listing. 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.

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