Nordic American Offshore (NYSE:NAO) – Leveraged Bet On Future Market For Offshore Supply Vessels

Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)(NYSE:NAO)

Shares of Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)(NYSE:NAO) were recently pounded after the shares fell into a liquidity crisis due to falling ship prices. It came to a point where it was apparently impossible for the company to issue shares as Nordic American Offshore maintained solvency but the company’s Executive Chairman Mr. Herbjørn Hansson is very conservative and initiated an effort to issue a total of 41 million new shares, making Nordic American Offshore the only pure-play provider who does not go against its initial debt agreements from debts issued during the financially stable years.

Mr. Hansson ploughed in a significant portion of his personal funds and he is hoping to increase the number of fleet. Many of Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)(NYSE:NAO) investors were rightfully scared over errors in the company’ capital allocation. Despite the management making several errors, the company’s share is back strongly trading at $2.75.

As opposed to banks, several OSV shipping companies behave differently during financial crisis. Many big banks were severely affected as liquidity dried up and it became uncertain on who was solvent and who was insolvent.

One of the strongest points with Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)(NYSE:NAO) is the simplicity in its analysis. The company currently has ten ships with an original cost of $365 million, $50 million in cash, $135 million in debt and around 60 million shares. This leaves equity of around $160 million or $2.50+ per share.

Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)(NYSE:NAO) is expected to report its earnings on Jun 06, 2017. In the last quarter, the company reported $-0.48 per share in earnings. Analysts covering the company had predicted Earnings Per Share of $-0.4. The company reported a difference of $-0.08 per share between the projected and actual Earnings Per Share. This represents a -20% Earnings surprise.

Many of the analysts covering Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)(NYSE:NAO) have predicted Average Earnings of $-0.22 per share. The analysts have also predicted a Low Estimate of $-0.27 per share and a High Estimate of $-0.15 per share.

A total of 2790 analysts have given Average Revenue Estimates for the company as 3000. According to many of the analysts Low Revenue Estimate for the company is $2.4 million and High Revenue Estimate is $3 million. In the previous financial year, Nordic Amern Offshore Ltd Ordinary Shares (Bermuda)(NYSE:NAO) reported $4.85 million in sales. One analyst has recommended a Buy, one has recommended a Hold. Many of the analysts projected a high price target of $2 with Low price target of $1.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Rentech, Inc. (NASDAQ:RTK) Q1 Earnings Hurt By Declining North and South America Operations

Rentech, Inc. (NASDAQ:RTK)

A decrease in revenues from North and South America operations plunged Rentech, Inc. (NASDAQ:RTK) to a first-quarter net loss of $34.3 million compared to a net loss of $10.2 million last year. Consolidated revenues from continuing operations totaled $32.2 million down from $39.9 million in Q1 2016.

Declining North & South America Operations

Rentech, Inc. (NASDAQ:RTK)’s Fulghum Fibres division generated revenues of $19.9 million down from $27.4 million as of last year same quarter. The company has attributed the decrease to South America sales that came in at $7.3 million compared to $13.7 million as of last year. The decline was as also as a result of a drop in Chip sales to Asia which Rentech expects to pick up in the second half of the year.

Gross profit for the Fulghum division dropped to $2.3 million from $4.7 million as of Q1 2016 due to lower biomass product sales in South America and a decline in chip sales in South America. The unit also incurred impairment charges of $20.9 million made up of $13.1 million, goodwill impairment and $7.8 million in asset impairments. Operating loss for the quarter was $20.4 million compared to an operating income of $2.9 million.

New England Wood Pellet division registered revenues of $4.1 million on the delivery of 22,000 tons of wood pellets. Demand was, however, low compared to historical levels mostly affected by warm weather and an increase in demand for other heating fuels such as oil and propane. Net Loss for the unit totaled $0.5 million compared to a net loss of $0.6 million for the same period as of last year.

Revenue from Wood pellets: Industrial totaled $8.1 million on the delivery of 57,000 metric tons of wood pellets. The same represented a decline from revenues of $9.9 million as of Q1 2016. Gross profit was down to $3.4 million compared to $5 million for the same period last year,

Selling general and administrative in the quarter dropped to $4.2 million from $6 million as of last year same period. Rentech, Inc. (NASDAQ:RTK) has attributed the decline to cost saving efforts including a $1.0 million drop in personnel costs.

Class Action Lawsuit

Separately, Law offices of Vincent Wong has lodged a class action lawsuit against Rentech, Inc. (NASDAQ:RTK) over possible violation of fiduciary duty. The law firm alleges that the company’s management provided misleading statements or failed to disclose that they lacked sufficient funds to overcome headwinds at the Wawa facility to ensure the facility achieved 60% production capacity.

Failure to disclose led to Rentech, Inc. (NASDAQ:RTK)’s shares shedding 47% in market value after idling the facility on February 21, 2017.

Rentech stock was unchanged in Thursday’s trading session having dropped by $0.032 to close the day at $0.403 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Big Equity/Debt Moves by APHRIA INC COM NPV (OTCMKTS:APHQF)

APHRIA INC COM NPV (OTCMKTS:APHQF)

APHRIA INC COM NPV (OTCMKTS:APHQF) on Tuesday announced it has closed an announced that it has closed on its previously announced five-year, $25 million term loan with WFCU Credit Union (“WFCU”) bearing interest at 3.95% and a 15-year amortization. At closing, Aphria drew the full $25 million. The facility was entered into on May 8, 2017. Aphria also announced an offering of its common shares on a “bought deal” basis. This means that the underwriters will be guaranteeing the amount of funds to be raised. A total of 13,269,252 APHQF shares were sold at a price of $6.50 per share. The gross proceeds total $86,250,138. The offering was underwritten by a syndicate of underwriters led by Clarus Securities Inc. and included Cormark Securities Inc., Canaccord Genuity Corp., and PI Financial Corp.

50% of the net proceeds from the offering will be allocated towards the currently unfunded portion of the planning, design, development, construction and implementation (including the purchase of certain designated capital equipment) of APHRIA INC COM NPV (OTCMKTS:APHQF) Part IV Expansion. 10% of the net proceeds from the offering will be allocated to the working capital necessary to support APHRIA INC COM NPV (OTCMKTS:APHQF) once Part IV expansion is complete and the remaining 40% will be allocated towards strategic investments. APHRIA INC COM NPV (OTCMKTS:APHQF) will hold the remainder of the net proceeds as cash balances to be invested at the discretion of the company’s Board of Directors.

APHRIA INC COM NPV (OTCMKTS:APHQF) is a Canadian-based Health Canada Licensed producer of medical cannabis products that exclusively grow their pesticide-free plants in greenhouses. APHRIA INC COM NPV (OTCMKTS:APHQF) offers over 18 cannabis related products and provides the THC and CBD level of each on their website. They also have a high-quality cannabis oil product that is extracted using CO2 extraction which they claim helps preserve the purity and safety profile.

APHRIA INC COM NPV (OTCMKTS:APHQF) is Canada’s first licensed medical cannabis producer to report positive cashflows and earnings in consecutive quarters. That claim helped them decide to previously raise over $100 million. Clarus Securities acted as the underwriter.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Mysterious YSK1860 Acquires Cleantech Solutions International Inc (NASDAQ:CLNT)

Cleantech Solutions International Inc (NASDAQ:CLNT)

Cleantech Solutions International Inc (NASDAQ:CLNT) is being acquired by YSK1860 – a company without reference in any news or internet postings prior to today. CLNT shares are up over 60% on volumes over thirty times their 30-day daily average. The company, based in China, is a high-quality manufacturer of precision metal components and assemblies targeted at two end users – dyeing and finishing machines as well as wind turbines. CleanTech states that they design and manufacture proprietary high and low temperature finishing machinery for the dyeing and finishing industry. For wind turbines they manufacture, using axial close-die forging technology, rolled rings and related components.

YSK1860 announced that on April 17, 2017, it had purchased all the common shares of Cleantech owned by its Chairman Mr. Jinhua Wu and those of his affiliates. The per share price for that deal was announced to be $2.33. CLNT shares are currently trading over $5.40.

Cleantech Solutions International Inc (NASDAQ:CLNT) avoided delisting by the NASDAQ through the use of a 1:4 reverse stock-split effective March 20, 2017. Prior to that date, shares of CLNT had traded over $1 only once since early October. In November of 2016, Mr. Jianhua Wu, former Chairman and CEO of Cleantech Solutions International Inc (NASDAQ:CLNT), was quoted early in the press release of their Q3 2016 financial release. In his first sentence Mr. Wu references China’s economic headwinds and a limited availability of credit. Mr. Wu then proceeds to be quoted about the government decrees which forced manufacturers in the Zhejiang region to stop operations in an attempt to improve air quality for the G20 summit to be held in Hangzhou.

Cleantech Solutions International Inc (NASDAQ:CLNT) hit a sales peak in 2014 when it posted $76 million. By 2016 that number had dropped to $17.4 million. The drop was reflected in the EPS figures. In 214 CLNT had an EPS of $.59 but that dropped to a (-$1.17) EPS loss by 2016. Further – dilutive shares offerings continued through that period. In 2014 there were 930,000 shares outstanding and that grew to 1.19 million by 2016.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Zynga Inc (NASDAQ:ZNGA) Shows Consistent Revenue Growth

Zynga Inc (NASDAQ:ZNGA)

Zynga Inc (NASDAQ:ZNGA) shares jumped over 12% after the gaming company released a Q1 2017 earnings report that showed continued revenue growth. Based on the news, shares climbed from their Thursday close of $2.84 to end Friday at $3.20. Volumes were heavy. ZNGA shares have a 30-day average daily trading volume of 9.2 million but the number of shares traded after the earnings announcement exceeded 42 million.

San Francisco, CA-based Zynga Inc (NASDAQ:ZNGA) develops games for the digital space including the mobile and tablet markets. Founded in 2007, Zynga has offices globally and a user base that delivers 18 million daily average users. Over one billion people have downloaded Zynga games. Their game portfolio includes FarmVille, Zynga Poker, Words with Friends, Hit it Rich! Slots, and CSR racing.

For Q1 2017, Zynga Inc (NASDAQ:ZNGA) focused on its mobile bookings and revenue growth. One year ago, Q1 2016 mobile bookings were $138.762 million and the Q1 2017 figure is $176.121 million – a 27% YoY gain. Previous quarter’s mobile bookings were $167.061 million which translates into a quarterly gain of 5.4%.

It has been difficult for management to push this revenue growth into actual earnings though. In 2012, Zynga Inc (NASDAQ:ZNGA) shareholders had an EPS loss of (-$0.28). That figure was followed by annual losses of (-$0.05), (-$0.26), (-$0.13), and (-$0.12) for 2016. While EPS losses have somewhat narrowed, sales have been somewhat on a downward trajectory. For 2012, Zynga reported sales of $1.28 billion followed by annual sales figures of $870 million, $690 million, $760 million, and $740 million in 2016.

Zynga Inc (NASDAQ:ZNGA) may be coming out of the analyst’s penalty box though. Yesterday Merrill Lynch raised its rating on ZNGA shares from an “Under-Perform” to “Neutral”. One firm’s analyst still rates ZNGA shares as an “Under-Perform”, while four analysts rate the shares as a “Hold”. ZNGA enjoys a “Strong Buy” rating from four other analysts. Their consensus price target is $3 – which is lower than yesterday’s closing price. No doubt updates will be coming as the company has shown some resilience in revenue growth that other game developers find elusive.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance

Acquired! North American Cannabis Holdings, Inc. (USOTC:USMJ) and Puration Inc (OTCMKTS:PURA)

Puration Inc (OTCMKTS:PURA)North American Cannabis Holdings, Inc. (USOTC:USMJ)

Puration Inc (OTCMKTS:PURA) has entered into a letter-of-intent (LOI) to sell controlling interest to American Cannabis Innovations Conglomerated (ACI). Included in the press release was also the news that ACI will be acquiring controlling interest of North American Cannabis Holdings, Inc. (USOTC:USMJ). ACI is a private-equity backed company founded to combine a variety of leading young cannabis companies with complimentary offerings and synergistic operations all under one roof. North American Cannabis Holdings, Inc. (USOTC:USMJ) and Puration Inc (OTCMKTS:PURA)  are the first cannabis-sector acquisitions ACI plans to announce in the next 30 days.  Reports claim that there may be as many as three more in the pipeline. ACI is seeking to acquire early-stage, undervalued businesses with market-validated intellectual properties validated by market tests.  ACI expects to improve the acquisition’s operating efficiency by eliminating redundant functions, leveraging complimentary functions, and obtaining better financial terms than currently exist.

Existing North American Cannabis Holdings, Inc. (USOTC:USMJ) and Puration Inc (OTCMKTS:PURA) management are expected to continue in their current responsibilities. Final shareholder approval of the deals is to be completed by the end of this month.

Interestingly, Puration Inc (OTCMKTS:PURA) acquired some operating assets from North American Cannabis Holdings, Inc. (USOTC:USMJ) in July of 2016. Puration then proceeded to develop processes that would result in high-quality cannabinoid concentrates targeting the social user and health and wellness sector.

North American Cannabis Holdings, Inc. (USOTC:USMJ), in 2013, began its operations in the cannabis sector through a subsidiary named The American Seed & Oil Company. This company was formed to explore commercial opportunities in the legal cannabis sector. More recently, North American Cannabis Holdings, Inc. (USOTC:USMJ) introduced the AmeriCanna Café, a destination beverage company  featuring cannabis infused beverages. The company al;ready markets a cannabis infused “shot” branded “DuBe Hemp Energy”.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance

BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC)

Court Rules, Again, Against Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM)

Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM)

Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM), and its subsidiaries, are now owned by Asher Enterprises Inc. – an institutional investor in small-cap companies. Yesterday, the Honorable Jerome Murphy of the Supreme Court of Nassau, New York, reaffirmed its January 23, 2017 order for Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM) to transfer ownership of all shares and all other ownership interests in all of its subsidiary companies, to Asher Enterprises Inc. While the transfer of an entire company’s assets seems like a major event, the court order enforces a prior judgment, on July 20, 2016, for the sum of only $122,801.87. That judgment stemmed from the default of convertible promissory notes issued by Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM) and owned by Asher Enterprises Inc. It is unknown at this time how the change in ownership will affect the ongoing operations of Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM).

DBMM shares are down over 75%, on volumes over ten times the 30-day average, on the news.

Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM) sought, for its clients, to establish a more consistent brand identity in the digital sphere by creating, designing, and executing customized digital marketing strategies across multiple advertising and social media platforms. The company wholly owns owned Digital Clarity. It is through Digital Clarity that Digital Brand Media & Marketing Grp Inc (OTCMKTS:DBMM) offered its digital branding services. Digital Clarity is a digital marketing firm with offices in the UK and USA. The company serves companies through its expertise in the digital universe by focusing on areas such as search engine marketing, social media, and internet strategy planning, including design, analytics, and mobile marketing. Digital Clarity also provides budget management, conversion rate optimization, bid optimization, and pay-per-click (PPC) management.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Syndax Pharmaceuticals Inc. (NASDAQ:SNDX)

Private Placement Boosts Chromadex Corp (NASDAQ:CDXC) Shares

Chromadex Corp (NASDAQ:CDXC)

Chromadex Corp (NASDAQ:CDXC) yesterday announced the issuance and sale of up to $25 million of its common stock in a private placement deal with Mr. Li Ka-shing of Hong Kong. The news shot the shares up 19% on heavy volumes. CDXC closed Monday at $3.21, gapped up to open at $3.25 and closed at $3.82 – just $0.02 off its daily high of $3.84. While the 30-day average daily volume for CDXC is just over 268,000, yesterday over 3.6 million shares traded. In this morning’s pre-market action, CDXC is trading around $3.70 on moderate volumes.

Terms of the deal were filed yesterday with the SEC. Mr. Ka-shing will pay $2.60 per share. They will be paid for, respectively, in three tranches of $3.5 million, $16.4 million, and $5.1 million. The first tranche closed on April 27, 2017 for 1,346,154 common shares.

Chromadex Corp (NASDAQ:CDXC) discovers or acquires, develops and commercializes patented and proprietary ingredient technologies that serve the dietary supplement, food, beverage, skin care and pharmaceutical markets. Chromodex also operates business units focused on natural product fine chemicals, chemistry and analytical testing services, and product regulatory and safety consulting. The company has fostered relationships with leading universities and research institutions, which allows them to discover and acquire early-stage, IP protected, ingredient technologies. Those technologies are then absorbed into Chromadex’s business units to commercialize the ingredients. Their portfolio of ingredient technologies includes NIAGEN® nicotinamide riboside; pTeroPure® pterostilbene and; PURENERGY®, a caffeine-pTeroPure® co-crystal.

For FY2016 Chromadex Corp (NASDAQ:CDXC) reported total assets of $19.75 million versus FY2015 when they reported $11.52 million. Total liabilities for FY2016 were $9.78 million against the FY2015 figure of $7.52 million. Sales growth has been impressive. In 2013 sales were posted at $10.2 million and that figure grew to $26.8 million for 2016. Share dilution has been minimal for a company in this sector. In 2013, there were 33.33 million shares outstanding and that number grew to just 37.29 million by the end of 2016. However, earnings for CDXC shareholders have been negative since 2012. The last two years Chromodex reported an EPS loss of (-$0.08) which was a slight improvement over 2014 (-$0.15) and 2013 (-$0.13).

YTD, Chromadex Corp (NASDAQ:CDXC) shares are up 15.41% but are down -13.18% for the year. The analysts covering Chromadex Corp (NASDAQ:CDXC) have given the shares a consensus target price of $6.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

APHRIA INC COM NPV (OTCMKTS:APHQF)

CANOPY GROWTH CORP COM NPV(OTCMKTS:TWMJF) Seeks Coverage of Entire Cannabis Market Spectrum

CANOPY GROWTH CORP COM NPV(OTCMKTS:TWMJF)

CANOPY GROWTH CORP COM NPV(OTCMKTS:TWMJF) is a cannabis grower and processor based in Ontario, Canada. The company trades on the American OTCMKTS under the ticker TWMJF and on the Toronto Exchange under the ticker WEED. The company has three brands under its umbrella – Tweed, Bedrocan, and Mettrum.

Tweed is the most identifiable brand owned by CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF). The company claims the Tweed brand is the most recognized marijuana production brand in the world that has cultivated a following by providing a high quality product and nurturing customer relationships.

CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) also owns the Bedrocan brand of medical-grade cannabis. The strain was pioneered in the Netherlands and the company jas exclusive licensing rights for Canada and the United States. What is noteworthy is that the Bedrocan strain of cannabis has been used in clinical research in seven different EU countries. Currently the strain is being evaluated in Canada in a clinical study named EQUAL to evaluate quality of life factors before and after cannabis use.

Mettrum is a Health Canada licensed producer of medical cannabis and cannabis products. The company has also developed a color-based dosage system and physician online portal. CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) positions the Mettrum brand as a health and wellness product which is positioned between Tweed, a cannabis brand for social use, and Bedrocan, a cannabis targeted for use in the medical field.

CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) has either purchased outright or taken a material position in nine other companies operating in Canada’s cannabis sector. They have fomed partnerships with Snoop Dog, DNA Genetics, AusCann, and Indoor Harvest. For FY2016 the company had total assets of C$280 million and total liabilities of C$29.1 million.

CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) estimates the harvest yields for the plants at various stages of growth. As of December 31, 2016, it is expected that the company’s biological assets will yield approximately 3,129 kg compared to 2,121 kg at March 31, 2016.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC)

Strategic Pivot Paying off for Amfil Technologies Inc (OTCMKTS:AMFE)

Amfil Technologies Inc (OTCMKTS:AMFE)

In 2013, Ontario, Canada-based Amfil Technologies Inc (OTCMKTS:AMFE) made a strategic pivot and decided to pursue acquisition opportunities that would contribute to income generation as well as capital gains. The company targets small to medium-sized companies that will produce the best opportunities for long-term growth, income generation, above average service capacity, and preferential tax treatment.

Amfil Technologies Inc (OTCMKTS:AMFE) currently has three businesses operating under its corporate umbrella – Interloc Kings Inc., GROzone systems, and Snakes & Lagers bars and cafes. Reports suggest that the company’s new direction may be producing results. For Q2 2017, Amfil reported quarterly revenues of $1.54 million and a gross profit of $956,918. Those numbers dwarf their Q2 2016 figures of $33,474 and $3,384 respectively. The increase in revenue, by percentage, is over 4500% – a number that surely raised eyebrows for all the right reasons.

Interloc Kings Inc. is one of Amfil Technologies Inc (OTCMKTS:AMFE) companies. Interloc provides home services to the greater Toronto region as well as York and has been in operation since 2009. They will design and install custom driveways, fences, as well as patio and deck surfaces using interlocking paving stones. Additionally, they are diversified for the cold season and offer snow clearing and removal services.

Amfil Technologies Inc (OTCMKTS:AMFE) also runs a company named GROzone. GROzone has developed a product line, named mPact GROzone, for the medical marijuana industry – the fastest growing industry in North America. GROzone offers a gaseous ozone fumigation system that eliminates 99.9% of airborne pathogens, mold, and pests for marijuana growing facilities. This oxygen-based green system seeks to replace the harmful and carcinogenic chemicals currently used by marijuana producers. Amfil Technologies Inc (OTCMKTS:AMFE) has acquired a 50%ownership stake in the m-PACT GROzone system with worldwide distribution rights. The system was developed from an existing mPact technology utilized by the food and beverage industry with clients including Sysco Foods, Nestle, and Sun Pacific. Currently the mPact GROzone system is being integrated into the operations of a Colorado grower of marijuana at their 25,000-sq. foot growing facility.

Lastly, Amfil Technologies Inc (OTCMKTS:AMFE) has two bar and café businesses under the same brand concept – Snakes & Lagers, as well as Snakes & Lattes. Both operate as board game-themed venues in Toronto, Canada. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and café 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.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance