Initiatives mentioned, but not yet expanded on in the past 6 months:
(From the shareholder recap) all likely possibilities in the near future!
1.Retiring 20 Million additional shares from the issued and outstanding share count We are in the process of retiring the 20M shares from the outstanding in exchange for preferred.
2. Infused Vodka, Wine and Gin company This potential "ACQUISITION" is a brand of infused spirits which has already achieved one of the most difficult tasks in the alcoholic beverage sector, being awarded shelf space in major alcohol retailers in Canada (LCBO). The company is still in the due diligence phase of this potential acquisition and is further analyzing potential for cross synergies with existing subsidiaries. We will provide our investors with further details and a final decision once this is reached.
3.The 10 acre property being developed for a marijuana grow facility in California Amfil has continued discussion with the public company who is developing the grow facility on the California property. There are a number of potential initiatives being discussed with this company, including but not limited to, a purchase order to have the entire facility outfitted with the EcoPrO3 Antimicrobial Systems. Further details relating to this venture will be released as they develop.
4."ACQUISITION" of a company that would assist with synergizing the internal workings of each subsidiary to prepare for large scale expansion and franchising opportunities - This company specializes in processes that automate the completion of financial reporting, tax compliance and streamlines the large scale purchasing, accounts receivable / payables and the many other systems needed for multiple locations and businesses. Related to this, a software suite which includes wait-list management, tip pooling, employee scheduling, pay software, shipping, inventory and most importantly the POS system has been internally developed and perfected. This "ACQUISITION" deal is still in the works, and management has set a benchmark of having 5 Snakes & Lattes locations up and running before completing this acquisition and beginning to franchise the brand.
