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The company has been <u>heavily reinvesting profits to</u>

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Amfil Technologies Inc. Is Pleased To Announce The Opening Date For 'Midtown', The Third & Largest Snakes & Lattes "New Media Wire" - 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 "New Media Wire" - 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 "New Media Wire" - 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. "New Media Wire" - 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 "New Media Wire" - 9/18/2017 8:15:03 AM
Amfil Technologies Inc. Announces the Opening of the First Snakes & Lattes Inc. Franchise Location "New Media Wire" - 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 "New Media Wire" - 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 "New Media Wire" - 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 "New Media Wire" - 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 "New Media Wire" - 7/31/2017 8:11:42 AM
Amfil Technologies Inc. Announces Purchase Order Commitment for EcoPr03 GRO3 Systems & Roto-Gro Units "New Media Wire" - 7/20/2017 8:26:58 AM
Amfil Technologies Inc. Provides Update on Expanding Snakes & Lattes Inc. Operations and Projected Revenue Increases "New Media Wire" - 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
Amfil Technologies, Inc. Provides Update On The Multi-Million Dollar Distribution Arm Of Our Snakes & Lattes Inc. Subsidiary "InvestorsHub NewsWire" - 6/7/2017 8:09:18 AM
Amfil Technologies Inc. Provides A Company Operations Overview Of The Last 6 Months "InvestorsHub NewsWire" - 5/30/2017 8:15:03 AM
Rocketstocks Member Level  Friday, 11/10/17 02:33:13 PM
Re: Lawton21 post# 71632
Post # of 73680 
The company has been heavily reinvesting profits to fuel its expansion since Fiscal 2017. The significant profit increases posted in our recent Q1 2018 financials are a direct result of reinvesting profits to aggressively expand the Snakes & Lattes distribution business last year.

The company continued to reinvest profits into the expansion of operations through Q1 2018. Staff training, construction, administrative, and general expenses have been increased due to the upcoming opening of the new 'Midtown' Snakes & Lattes location. This has resulted in the net income being temporarily suppressed, yet still profitable as we position the company for increased revenues and profitability moving forward. The increased staff training costs, and a large portion of the general and administrative costs will be optimized once the 'Midtown' location begins generating revenues, which is expected in the coming weeks, resulting in increased profitability and net income.

The Fiscal Q1 2018 revenues have made a powerful statement. The revenue and gross profit numbers truly confirm the effectiveness and sustainability of the company's growth strategy. The company remains on a clear upwards trajectory with increasing momentum in terms of revenues, profits, expansion, and diversification of revenue streams. The company continues to post quarter over quarter growth, which have now almost paralleled revenues of our most recent entire Fiscal Year End. Combined with the aggressive expansion of all business divisions, the company has positioned itself for continued growth and increased profitability throughout Fiscal 2018 and into the foreseeable future.

http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-Fiscal-Q1-2018-Revenues-up-20-619--Year-Over-Year-to--5-900-346-Setting-A-New-Quarterly-Financial-Record-For-The-Company?id=173018&b=y


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