Amfil Technologies Inc (OTCMKTS:AMFE)

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.

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)

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.

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