Amfil Technologies Inc (FUNN)

[Juancy]

The "acqusition" model was another strategy that they decided to implement. Where do you see that they abandoned their plans to open new cafes? If anything, they are adding to their strategy.

From the P.R.:

Acquisition Strategy

The company has begun developing an acquisition strategy to merge existing competitors, starting primarily in the Canadian market. Many companies have reached out to have their individual locations being added to the Snakes & Lattes network at minimal cost. The company anticipates that this strategy will reduce risk within new markets, while concurrently increasing brand awareness. Multiple competitors are under review for acquisition in 2019-2020 and management is hopeful a number of venues will be acquired before the end of calendar year. Finally, as a note in the Future Venue Update, the company continues to work towards developing future corporate venues in markets where acquisition would prove impracticable or in markets where such acquisitions are unavailable. 

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