Amfil Technologies Inc (FUNN)

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This Top Canadian Cannabis Stock Has Exploded 1,500% in 2017

By ALEX MCGUIRE, Associate Editor, Money Morning • @AlexMcGuire92 • October 12, 2017
Today, we're showing you the top Canadian cannabis stock of 2017 – Amfil Technologies Inc. (OTCMKTS: AMFE). Shares of this firm have rocketed 1,500% so far in 2017. Amfil Technologies is an Ontario-based company that acquires small businesses across the construction and marijuana industries. The biggest month for the stock was April, when AMFE surged 166.7%, from $0.03 to $0.08, after the firm announced a partnership with a hydroponics manufacturer.
On April 21, Amfil announced it will be teaming up with Roto-Gro World Wide Inc. – which sells hydroponic garden systems to marijuana growers – to develop and distribute the GROzone EcoPr03 Antimicrobial System. This is Amfil's device that kills harmful organisms during the hydroponic growing process, allowing cannabis to grow in water rather than traditional soil.
Amfil's entrance into the high-growth hydroponics industry is largely what's driven AMFE stock higher this year. According to Manifest Mind LLC, the value of all hydroponically grown plants around the world will climb to $24 billion next year. That's up 20.3% from 2015.