Thursday, July 7, 2022

Amfil Technologies Inc (OTCMKTS:AMFE) Outlines Next Steps for Expansion

Amfil Technologies Inc (OTCMKTS:AMFE) has been one of the big winners in 2017 on the OTC. AMFE continues to push out a message of rampant expansion, which is an obvious positive. In our early August piece on AMFE, we suggested the stock was probably ready for some consolidation – a breather. That was nearly a month ago, and shares of AMFE are down about 15% in the interim after rising as much as 3,900% in the prior several months.
The latest from AMFE is its announcement of an update on the plans for franchising the Snakes & Lattes Inc. retail division throughout North America and beyond as well as on progression within the new publishing division. We will cover some of the details of this update below, but we first want to briefly cover AMFE from 30k feet for those unfamiliar with the name.
Amfil Technologies Inc (OTCMKTS:AMFE) is the parent company to three wholly owned subsidiaries.
Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates a 6000 sq. ft. and a 7,500 sq. ft. tabletop gaming bars and cafes located in Toronto, Ontario that brought in over $7M CDN in revenue last year.
GROzone (which seems to be about cannabis growing, even though the company doesn’t seem to want to say that for some reason) 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.
Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, North America’s premier manufacturer of concrete interlocking paving stones and segmental wall products.
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As noted above, AMFE has been one of the most exciting and quick-rising names on the OTC so far in 2017, but has been locked in a mostly lateral correction for most of the past month. Now, we are on watch for the next catalyst and possibly the next higher for the stock. The company has offered its candidate in the form of new press release updating its plans for new expansion.
According to the release, “since inception, the Snakes & Lattes Inc. tabletop gaming bars/cafes have made a meteoric rise in popularity and profitability in the 2 locations in downtown Toronto, Ontario. The 3rd and largest cafe/bar location set to open in early September will be used as the ‘flagship’ location, which all future locations will be modeled after as the division continues its aggressive expansion plans in the North American markets. With the increasing popularity of the retail locations, patronage has increased to a level where both current locations consistently have line ups and waiting lists of customers waiting for available tables. This increased demand has not only fueled the plans for expansion but provided further proof of the concept and business model of the cafe/bars and the value of the uniquely specialized’game gurus’ on staff…. The plan for franchising and expansion is still in the process of development, we are currently in the process of building the required foundation to effectively execute the franchise seamlessly with a first leased franchise targeted to open in early calendar 2018.”
AMFE’s release contains a number of details beyond this that outline its next steps, and we would encourage those interested to check it out under the investor area of the company’s main web site.
Recent action has seen -4% stripped out of share value during the trailing month. That said, market participants may want to pay attention to this stock. AMFE is a stock whose past is littered with sudden rips. Moreover, the company has seen a growing influx of trading interest, with the stock’s recent average trading volume running 21% beyond what we have been seeing over the larger time frame.
At this time, carrying a capital value in the market of $79.28M, AMFE has a bankroll ($267K) of cash on the books, which stands against about $567K in total current liabilities. AMFE is pulling in trailing 12-month revenues of $6.6M. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 1929.4%. This may be a very interesting story and we will look forward to updating it again soon. Sign up for continuing coverage on shares of $AMFE stock, as well as our other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $AMFE, either long or short, and we have not been compensated for this article.

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