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This subsidiary has had a tremendous impact on

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Amfil Technologies Announces New Tier Of Franchise Licensing Called The Master Franchising Program For Strategic Expansion "InvestorsHub NewsWire" - 12/7/2017 8:23:21 AM
Amfil Technologies Inc. Provides Shareholder Update (New Location Midtown Opening Tomorrow / Audit Process Update) "InvestorsHub NewsWire" - 12/5/2017 9:34:51 AM
Amfil Technologies Inc. Is Pleased To Announce The Opening Date For 'Midtown', The Third & Largest Snakes & Lattes "InvestorsHub NewsWire" - 11/8/2017 8:10:27 AM
Companies Vying for a Share of the Fast-Growing Medicinal Cannabinoid Market "NetworkNewsWire" - 11/1/2017 8:45:00 AM
Amfil Technologies Inc. Announces The Acquisition of Natural Stuff Inc., Distributors of 28 Black Amongst Other Products "InvestorsHub NewsWire" - 11/1/2017 8:26:29 AM
Amfil Technologies Inc. Announces Fiscal Q1 2018 Revenues up 20,619% Year Over Year to $5,900,346 "InvestorsHub NewsWire" - 10/23/2017 8:35:35 AM
Amfil Technologies Inc. Provides Update on Audit Completion, Uplisting / Dividend, Franchising and General Company Operations... "ADVFN NewsWire" - 10/17/2017 9:05:00 AM
Flitways Technology, Inc. (OTC Pink: FTWS), Perfect Acquisition Target for Uber or Lyft "ADVFN NewsWire" - 10/17/2017 8:38:00 AM
Amfil Technologies Inc. Provides North American Franchising Guidance for Snakes & Lattes Inc. "InvestorsHub NewsWire" - 9/27/2017 8:13:08 AM
Amfil Technologies Inc.'s Snakes & Lattes Subsidiary To Begin Hosting Game Nights at the Rec Room Toronto Roadhouse "InvestorsHub NewsWire" - 9/18/2017 8:15:03 AM
Amfil Technologies Inc. Announces the Opening of the First Snakes & Lattes Inc. Franchise Location "InvestorsHub NewsWire" - 9/13/2017 8:10:38 AM
Amfil Technologies Inc.'s GRO3 Subsidiary is in The Process Of Finalizing the Proposed Roll-Out Plans For 14,000 Sq. Ft. Area "InvestorsHub NewsWire" - 9/5/2017 8:24:08 AM
MJAC 2017 Speaker Update - How venture capital and cryptocurrency are converging as the future of cannabis investing "InvestorsHub NewsWire" - 8/30/2017 10:29:33 PM
Amfil Technologies Inc. Discusses Upcoming 300M Authorized Share Count Reduction "InvestorsHub NewsWire" - 8/29/2017 8:13:44 AM
PotNetwork Holdings, Inc Confirmed for MJAC 2017 "InvestorsHub NewsWire" - 8/28/2017 10:43:55 AM
MJAC 2017 International Cannabis Conference - Discount Code "InvestorsHub NewsWire" - 8/25/2017 6:50:56 PM
Book your ticket now for InvestorsHubs International Cannabis Conference "InvestorsHub NewsWire" - 8/23/2017 12:50:25 PM
Amfil Discusses the Plan & Status for the Franchising of the Snakes & Lattes Inc. Subsidiary and Expansion of the Game Division "InvestorsHub NewsWire" - 8/22/2017 8:15:06 AM
MJAC 2017 - Speaker Update - Investing In The U.S. Cannabis Market "InvestorsHub NewsWire" - 8/22/2017 1:27:13 AM
Amfil Technologies Inc. Announces 2017 Fiscal Year End Revenues of $6,630,973 USD; Up Almost 2400% Over FYE 2016 "InvestorsHub NewsWire" - 7/31/2017 8:11:42 AM
Amfil Technologies Inc. Announces Purchase Order Commitment for EcoPr03 GRO3 Systems & Roto-Gro Units "InvestorsHub NewsWire" - 7/20/2017 8:26:58 AM
Amfil Technologies Inc. Provides Update on Expanding Snakes & Lattes Inc. Operations and Projected Revenue Increases "InvestorsHub NewsWire" - 7/5/2017 8:19:10 AM
Amfil Technologies Inc. Announces Shareholder Dividend From Subsidiary Spin-Off "InvestorsHub NewsWire" - 6/21/2017 8:08:11 AM
Amfil Technologies Inc. Announces Subsidiary, Snakes & Lattes Inc., Is Expanding Internationally Into Game Publishing "InvestorsHub NewsWire" - 6/13/2017 8:16:01 AM
Rocketstocks Member Level  Saturday, 08/12/17 11:16:39 PM
Re: Rocketstocks post# 47217
Post # of 81402 
This subsidiary has had a tremendous impact on the financial statements since Fiscal Q2 2017. While the net income of $248,679 may not appear significant, the sales of $6,630,973 allowed the company to execute its expansion plan for each subsidiary and continue to run at a profit. Snakes & Lattes Inc. has been operating with an increased staffing cost since Q4 due to the training of staff members for the new location. All of the new managers and some new staff members have been hired and have been training in the existing locations for the past few weeks, working towards the approximately 70 additional employees which will be required to staff the 3rd and largest location opening first week of September, dubbed 'Midtown'. Staff totals for the Snakes & Lagers Inc. / Snakes & Lattes Inc. subsidiary are now at 126 members. These costs, as well as costs for professional fees and construction, have been injected into the location to ensure that the opening of 'Midtown' proceeds as planned and immediately begins generating revenue. In addition, the subsidiary has been adding strength to the distribution and fulfillment division in preparation for further expansion into Fiscal 2018, with large revenue increases projected as a result.

http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-2017-Fiscal-Year-End-Revenues-of--6-630-973-USD--Up-Almost-2400--Over-FYE-2016?id=165817&b=y

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