Amfil Technologies Inc (OTCMKTS:AMFE) Targets Cannabis Opportunities

Amfil Technologies Inc (OTCMKTS:AMFE)

Amfil Technologies Inc (OTCMKTS:AMFE) fell 5.07% after announcing that its subsidiary is in the process of finalizing roll-out plans for a 14,000 sq. ft. Canadian facility. The company is also fresh from announcing plans to reduce its share count by 300 million shares as it seeks to narrow the gap between authorized and outstanding share count.

The stock is currently trading in an upward trend having retreated from this year’s high of $0.23 a share. However, a recent sell-off wave threatens to push the stock lower after breaking a key support level at the $0.18. The stock faces immediate support at the $0.09 mark below which it could fall to $0.06 per share – just above this year’s lows of $0.01 a share.

Amfil Technologies Inc (OTCMKTS:AMFE)
One month AMFE stock price chart

Share Reduction

Amfil Technologies Inc (OTCMKTS:AMFE) is in the process of reducing the number of authorized shares from 900 million to 600 million as it seeks to shore up its market cap. The reduction should be complete by the end of the month. The company remains optimistic that starting Q3 2018, profits will be used to fund expansion plans instead of having to rely on stock issuance.

The reduction also underscores the company’s commitment to strengthening current shareholders value as the transaction will reduce stock dilution which should enhance investor confidence.

“The Company continues to move ahead with the recently announced acquisition of the cloud-based franchising software company and future acquisitions may potentially be done so by way of preferred stock to further this initiative,” Amfil Technologies Inc (OTCMKTS:AMFE) in a statement.

Cannabis Business

Separately, Amfil Technologies Inc (OTCMKTS:AMFE) continues to gain traction in pursuit of growth opportunities in the legal cannabis business. The company’s EcoPrO3 GRO3 Antimicrobial Systems as well as Roto-Gro Hydroponic Systems continue to elicit strong demand from a number of companies that are in the cannabis production business.

The company’s GR03 subsidiary is currently furnishing a quotation request received last month from a client who is planning to venture into the cannabis production business. A Roto-Gro representative is also working round the clock to provide the customer with an estimated number of units needed for a double stack roll-out at the 14,000 sq. facility.

In addition, Amfil Technologies Inc (OTCMKTS:AMFE)’s Snakes and Lattes subsidiary has also embarked on an expansion drive this time focusing on the South-East Asia and European markets. The tabletop gaming bar and café unit has already received orders from clients in the new markets.

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.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Amfil Technologies Inc. (OTCMKTS:AMFE) Plans Franchise Push

Amfil Technologies Inc. (OTCMKTS:AMFE)

Amfil Technologies Inc. (OTCMKTS:AMFE) traded lower a day after announcing plans to franchise the Snakes & Lattes retail division throughout North America. The stock was down by 2.48% in Wednesday’s trading session to end the day at $0.1845 a share.

Amfil Technologies Inc. (OTCMKTS:AMFE)
One month stock price chart for AMFE

Stock Performance

Shares of Amfil Technologies Inc. (OTCMKTS:AMFE) have been on an impressive run ever since they plummeted to lows of $0.02 a share earlier in the year. The stock rose to highs of $0.22 a share early this month before pulling back to $0.17. The stock is currently trading at the higher end of its $0.17 to $0.184 trading range waiting to see if it can rally to 52-week highs of $0.23 a share after pulling back in recent trading sessions.

Amfil Technologies Inc. (OTCMKTS:AMFE), through its subsidiary Interlock Kings Inc., offers landscape construction and snow removal services. The company has also made a name for itself in the gaming business through the Snakes & Lattes subsidiary that offers tabletop games for bars and cafes.

Franchise Talk

The rise in popularity for the company’s tabletop gaming bars/cafes in Toronto and Ontario has prompted the franchising push as part of an expansion drive. The company’s largest café/bar location is set to open in September and will be used as the flagship location for all future locations.

“With interest in the Snakes & Lattes Inc. retail locations surging at such a tremendous rate, management has decided that the most effective way to supply enough venues to meet the demand from patrons is to begin leasing franchises,” Amfil Technologies in a statement.

Amfil Technologies Inc. (OTCMKTS:AMFE) expects the franchise drive to allow it expand rapidly across North America which in return should have a positive impact on revenue generation going forward. The first franchise locations will be open early next year as the company is currently in the process of building the required foundation to execute the plan.

Franchise Team

The company has started to interview experienced candidates that are expected to provide expertise relating to high volume franchise. In addition to building an experienced franchising team Amfil Technologies Inc. (OTCMKTS:AMFE) plans to engage the services of an experienced lawyer to guide the purchase and sale of franchise systems. The whole team should be up and ready before the end of the year.

Amfil Technologies Inc. (OTCMKTS:AMFE) also plans to hire an experienced high-end graphic design artist with extensive experience in working on major projects. The artist is to produce cover art work advertising packaging and game surfaces for new game title marketed through Snakes and Lattes Inc.

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.

Don’t miss out! Stay informed on $AMFE and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Amfil Technologies Inc (OTCMKTS:AMFE) Steps into Global Gaming

Amfil Technologies Inc (OTCMKTS:AMFE)

Ontario, Canada-based Amfil Technologies Inc (OTCMKTS:AMFE) is a holding company that acquires income generating private companies and applies management techniques and resources to make them more capital efficient which will lead to increased levels of shareholder value.

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. Interloc provides home services to the greater Toronto region as well as York and has been in operation since 2009. Interloc designs and installs custom driveways, fences, as well as patio and deck surfaces using interlocking paving stones. Additionally, Interloc has a diversified revenue stream for the cold season and offers snow clearing and removal services. 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. Lastly, Amfil Technologies Inc (OTCMKTS:AMFE) has two bar and café businesses under the brand concepts Snakes & Lagers, as well as Snakes & Lattes. Both operate as board game-themed venues in Toronto, Canada. Snakes & Lattes Inc. was the first board game bar and café 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.

Last week, Amfil Technologies Inc (OTCMKTS:AMFE) announced that Snakes & Lattes Inc., will be entering the game development and publishing business. The first game is under a collaborative development effort with an experienced game author based in Switzerland. The game specifics are being treated as proprietary and a corporate secret. Accordingly, Amfil will not release any details in order to protect the integrity of potential intellectual property applications.

Amfil Technologies, as of March 31, 2017, had cash and cash equivalents of $64,870 and total current assets of $6,384,089 – less than current liabilities of $6,225,236. As of March 31, 2017 Amfil had a working capital deficiency of (-$158,853).

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.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.