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This is crazy. 3 major news articles and the store isn’t even set to open until fall!
Excellent article!
Love the fact that our first board game is getting early press!
I hope the marketing team in S&L is getting ready to push this hard!
Plenty of buzz just after the official announcement. I don’t remember there being these many outlets picking up Tempe after it was announced
Lots of awesome here in AMFE:
4 locations, with a 5th to be opened this fall
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Signs-Lease-for-New-Snakes--Lattes-Venue-in-Tucson-AZ-Announces-Shipping-Date-for-Kill-the-Unicor?id=227977
EcoGro3 is NOT dead! They produced an EXCLUSIVE agreement with Kalvara and they already made money off this deal:
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Incs-GRO3-Division-Enters-Into-Exclusive-Agreement-with-Cannabis-Infused-Beverage-Maker-Kalvara-With-?id=209175
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Incs-GRO3-Subsidiary-Receives-Two-Purchase-Orders-from-Vessl-Inc-for-EcoPr03-10SS-to-be-Used-in-Canna?id=223328
Snakes&Lattes is growing! (Surprising absolutely nobody)
Amfil Technologies Inc. Announces 3 New US Based Snakes & Lattes Cafe/Bar Locations In Progress and Additional Locations in Planning Stages
The 3 locations mentioned in this PR were: 1 undisclosed AZ location (now known to be Tempe), 1 in Charlotte, and 1 undisclosed FL location.
“Furthermore, the Company is currently negotiating with funders and/or potential landlords in 17 other US cities which are at earlier stages of the development process.”
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-3-New-US-Based-Snakes--Lattes-CafeBar-Locations-In-Progress-and-Additional-Locations-in?id=215154
The FIRST self published game (new revenue stream) is set to ship on May 23rd
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Signs-Lease-for-New-Snakes--Lattes-Venue-in-Tucson-AZ-Announces-Shipping-Date-for-Kill-the-Unicor?id=227977
Talking about games...
“Between Nov 1 2017 and Feb 28 2018, the distribution division grew from 20 retailers and 5 SKUs to 170 retailers and 35 SKUs.
The Company provided a list of what has now grown to 60+ publishers and suppliers representing 580+ SKUs that were sold through October and November alone.”
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Overview-of-2018-Accomplishments-Milestones-and-Achievements?id=214291
And we are still in the infancy of the company. Snakes is CLEARLY carving their place in the market. Other cafes may open, but they can only aspire to be customers of Snakes&Lattes at this point
This is a criticism that I have never understood. I don’t care if it’s a franchise, if it’s a JV if it’s company owned or all 3 at the same time.
I care that it is. I care that it exists.Regardless of how it is structured, a new Snakes&Lattes is being opened. That is un refutable.
I honestly think that AMFE buying Kelvara is wild speculation indeed.
There is nothing public which suggests the acquisition of this company.
That said, we DID strike an exclusive agreement with them, and that is the next best thing.
If they grow, we grow, and according to Twitter at least, they seem to be very active.
Good questions to answer would be how much of their products are they selling. How well are they carving their market?
Snakes and Lattes remains a monster of course. 4 locations with a 5 set to open this fall. And there is the possibility of us ending the year with 7 locations or more.
I would like to see $30 mill in revenues this year, I think it is possible. I expect to see $20 mill + this year.
Plenty of things to be on the lookout for. KTU is also going to release in the next month or so, and every game published by us is a new revenue stream.
There are developers releasing board games on digital platforms, it would be amazing if our games get enough attention to warrant jumping on that bandwagon.
Not only that, S&L keeps getting chosen very frequently to fulfill KS pledges. The company released a PR stating the amazing growth in Games being sold by S&L.
Every new game added = a new revenue stream. The only difference is the amount of profits received.
Yes, any new store opening is huge.
Especially when every new location adds about $4 mill in revs annually.
The new game is very important as well, and every update is appreciated.
Remember, once you make a game, it continues to make money for as long as you can sell it, and S&L is in a unique position that gives them many advantages to selling their games.
Bottom line, that means more revenue for the company.
Also, they added more accountants and book keepers.
It is important for them to say how Tempe is progressing. Many investors have not visited even one location, let alone the new one in Tempe. We want to know how it’s doing, and what strategies they are employing to bring more customers.
Granted, the best way we can know about the success of the company is through the numbers. Hopefully we will see some of those numbers soon.
I think we can start getting optimistic again.
Snakes has a ton of value. We are set to have 5 locations by fall. Hopefully we get news of the other sites soon (Florida, Charlotte, Ft Collins)
Yep. Every new location is big news. Once this one is done that would bring us up to 5. We are almost at the halfway point of the year, I would be pretty happy to see 3 more locations open before the year is out.
All day, every day, the company is making money. Once the filings are done we will finally see how much.
We are very undervalued now. Every share bought at these levels is a steal
Well said
Yes, but there is some information which the CEO himself needs to say.
I am very glad he finally has.
That’s what I’m talking about. See? An update like that makes me happy.
I think you have something there. Kelvara seems to be pretty active in Twitter. And they have exclusive contracts with us, don’t they?
From the PR:
“Amfil Technologies Inc. (OTC: AMFE), is pleased to announce that the GRO3 subsidiary has been selected as the exclusive supplier of ozone based antimicrobial technology for Virdi Group, the owners of Kalvara, for use in the production of their Cannabis Infused Beverages”
Kelvara has been pretty active in Twitter lately:
LV friends! Join us tomorrow at @cultivatelv_ for a meet / greet with @berner415, & to see his show at @hard_rock_live! We are giving away swag and tickets to see his show!#twisttotranscend #kalvara
LV friends! Join us tomorrow at @cultivatelv_ for a meet / greet with @berner415, & to see his show at @hard_rock_live! We are giving away swag and tickets to see his show!#twisttotranscend #kalvara
— Kalvara (@drinkkalvara) May 9, 2019
Keep out of reach of children. For use only by adults 21 years of age and older pic.twitter.com/QzwQZMerNM
Bottles on bottles... New Mexico, we are coming for ya! We are currently in production and will be in dispensaries soon! #twisttotranscend #production #expansion
— Kalvara (@drinkkalvara) May 8, 2019
.
.
Keep out of reach of children. For use only for adults 21 years of age and older. pic.twitter.com/klAbxsxTYY
Thanks @mjbizdaily for the amazing write up in the #infusedproducts summer issue! Link below - go check it out! #twisttotranscend #thefutureishere https://t.co/K4J6mMtZhX
— Kalvara (@drinkkalvara) May 7, 2019
.
.
Keep out of reach of children. For use only by adults 21 years of age and older. pic.twitter.com/NcfaiYLXyZ
Are we still in “early 2019”?
Amfil Technologies Inc.’s GRO3 Subsidiary Receives Two Purchase Orders from Vessl Inc. for EcoPr03-10SS to be Used in Cannabis Infused Beverage Facility
Press Release | 04/01/2019
TORONTO, ON, April 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE –
Amfil Technologies Inc. (OTC: AMFE), is pleased to announce that the GRO3 subsidiary has received two purchase orders for its ozone-based antimicrobial technologies from Vessl Inc., the owners of Kalvara, for use in their cannabis-infused beverage production facilities.
These purchase orders extend from the Nov 5th, 2018 announcement where GRO3 entered into an exclusive supply agreement with Vessl Inc. and signed an LOI to provide an estimated (8) EcoPrO3 Antimicrobial Systems in 2019.
GRO3 will be supplying EcoPrO3-10SS Ozone Side Stream Systems, which will be integrated into the facilities for the purposes of providing an all-natural sanitization and anti-microbial solution throughout the production process. The EcoPrO3-10SS exclusively utilizes aqueous functionality compared to the EcoPrO3 GRO3 60 system which utilizes an aqueous and gaseous combination. The EcoPrO3-10SS for Kalvara will process all liquids in the formulations prior to their products being prepared and packaged for the end-user.
The GRO3 Team is excited to be working with Vessl Inc. (Kalvara) and is committed to work closely with them to ensure the system integration is completed smoothly, and that the systems remain operating at maximum efficiency and efficacy moving forward. These orders are expected to be the beginning of an on-going relationship and additional purchase orders are anticipated in the near future.
About Kalvara:
Kalvara is a provider of innovative and high-quality cannabis beverages that are environmentally friendly and free of chemicals, calories, sugar, and preservatives. Kalvara Single and Kalvara Eco four-pack are infused drinks offering an easier, cleaner and more consistent cannabis consumption method. Kalvara uses a proprietary nano-emulsification process that allows a rapid onset delivery of a precise dose of water-soluble THC to the bloodstream, avoiding problems associated with other edibles.
Kalvara utilizes Virdi Group’s innovative VESSL™ delivery system. VESSL™ is a nitrogen-pressurized storage and delivery system which preserves the active ingredients from environmental factors without the need for artificial preservatives. The patented VESSL™ closure delivers a precise and consistent dose of THC in every bottle and maintains product integrity without the need for refrigeration.
In this case, the 2 run hand in hand. Roger has proved to be quite lacking in the promoting aspect of his job. It appears that he is waiting for the audits to be released before he starts looking for new eyes again.
In the meantime we might as well not look at this stock at all
It’s a lotto play when one considers the stakes. Considering the revenues, AMFE is trading at what, 2x revenues?
If you hope this goes to dollar land, there must be a lot of more revenue made by the company. Will that happen? Who knows
Yes, AMFE is now a LOTTO play. Yes, there is a business, but there is too much uncertainty for it to be considered anything else.
There is a lot of good news, but most of it is old.
Thank you. You are right.
It’s ridiculous the sheer amount of BIG names this ticker has behind it.
These prices are CHEAP AF.
The crazy thing about this stock is that it has no assets...except for the people who run it, and the Market Maker who bought almost half of it.
But then again, those are some crazy assets aren’t they?
Can someone provide a summary of the 10k?
Soooo happy Day today huh? Guess that we shall live to see the filings another day
I vaguely remember someone emailing Roger about the problem and getting that as a response. If that is the case, I think it merits an official response on the matter
And this through an official PR or an email?
I want to know more specifics of the company. Who make up our financial team? What precisely does he want to expand?
I’d like for Roger to address what specific steps he is taking as to avoid this in the future.
This is, as many have pointed out, an annual thing. Will we have to go through this ordeal every year? What will Roger do to avoid this in the future?
Incoming catalysts:
The most important (short term wise) are obviously the release of the audited financial reports, alongside the removal of the STOP sign.
3 new S&L locations for this year
The release of multiple self published games. *Rocket has made innumerable posts describing how much the company has to benefit from this.
Distribution in the USA. This one is just as important. Distribution counts as a huge chunk of our revenue, and we currently distribute to Canada only. Once we start distributing in the USA, we are very likely to start seeing various PRs including the magical words “Exclusive Distributor to”.
GRO3 sales
There are 17 people in advanced talks to open a S&L. Once the audit finally drops, we should start seeing a very quick expansion to Snakes.
Ultimately the real catalyst is going to be revenue. I think that the company could very likely see $20mill + in revenues THIS year. I think we should see .30-.40 this year.
I am not entirely convinced that Roger is Not a joke, but I am 100% convinced that Snakes&Lattes is definitely NOT a joke.
S&L will become a billion dollar company. There is just too much information confirming this
Good morning. Hope we get some good news today
I firmly believe that AMFE will be worth much more than it currently is in the near future (12 months).
I am basing this on the growth of S&L:
1. 3 new locations announced for this year
2. Multiple self published games to be released this year
3. Growing list of kick starter games distribution by S&L
4. Start of distribution in the US (currently all of our distribution is Canada only)
5. GRO3 is finally producing revenue
6. Tempe and Midtown were not reflected in previous reports and we still made ~$11mill in revenue.
There is a lot of information we don’t know, but we do know that every day that Snakes is open, they are making money. By all accounts, Tempe is a hit. We now have 4 locations and proof that a 5th is underway. We also know that Charlotte is soon to have their own location, as is Florida, and 17 more people are in talks with management.
Once the audit hits, expansion will move quickly. This does not include distribution, nor self published game sales.
$1 per share is really not that far away, and honestly, this could hit multiple dollars in less than 5 years
$25mill lol
I think that the company is well on its way to make $25+ in revenue this year
He knows what the numbers are tho. He should not need to make a mistake.
Example: he knew what the profits were before he audit was released
I get that the audit is late. I understand WHY it is late, I am thankful that he is undergoing this process. That is not my problem.
We are 3 quarters late! He could have provided the unaudited quarterly reports! He hasnt!
He said he wanted to release them all audited, and this is why he is waiting. At our current pace, are we going to wait for a year to have any numbers on the business?
Now I am the first to admit I know nothing about how the companies work and how this process works, so this question is an honest question to the board:
Even if Roger could not submit the official Quartely report (unaudited) could he have submitted a PR disclosing what the numbers were and explaining that he would submit the official report once the audit was completed?
My point is that we should not defend Roger for his inability to fulfill his fiduciary duty.
If you want to talk about the great aspects of the company, go ahead. There are many to talk about. But Rogers handling of the financials isn’t one of them.
To be fair, the only misleading information Roger has provided has been in relation with the audit. Everything else he has said has been true.
No, he isn’t. Roger has repeatedly, in the best case, provided misleading information.
He has not fulfilled his fiduciary duty. He financials are late. By almost 3 quarters. That is not normal.
The hard truth is that S&L will succeed with or without you.
I do agree that the CEO has a lot to answer to. This situation is not acceptable.
But Snakes will become a billion dollar business. You are a smart guy, you know that better than most.
I honestly think it’s pointless to discuss what would have have happened if this or that had occurred.
The fact is that those shares can not be converted in the short term, and they (the company) expect the PPS to be much higher than it currently is right now.