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Re: frontloading post# 315244

Monday, 12/28/2020 6:09:14 PM

Monday, December 28, 2020 6:09:14 PM

Post# of 346635
The PR gave an overview of status. Clearly we will get the next overview in the March report. That we can count on which is great. However, it would seem there is a fair chance we will get some surprise PR's between now and then.

From the PR:

Dispensaries

An agreement was struck in August 2020 with highly accomplished cannabis dispensary entrepreneur David Berkovitz and Tokin Dispensaries Inc. to open Kiosks/Dispensaries in the Greater Toronto Area. The first location has already been secured. David and I are negotiating the terms of the first buildout which will likely become the central hub of our dispensary operation. Long term we have a goal to open many more; including kiosks adjacent to current Snakes & Lattes locations. We also plan to open them adjacent to Ontario convenience store locations with another company with whom we have a working relationship. The business model is very promising in that each location will require relatively small square footage and low labor costs with a high expected margin on the products sold. David Berkovitz, Tokin and Amfil are incentivized to move this project forward and excited about the prospects of what is to come. Progress on this initiative will be reported within the planned March 3 month assessment.



And the way communication will work going forward:

While the intention of this report is to give a comprehensive overview of all current projects, there is so much going on with Amfil I am sure there are unanswered questions. As previously mentioned in my first update, shareholder conference calls are needed. This will be a 2021 calendar year initiative, I will establish such a plan and report in the 3 month March assessment. I expect to fill in more details as we see where we are with COVID and all other initiatives. Between now and the next assessment, shareholders can expect to receive news on any pertinent items, via Twitter or newswires. Those communications have their own frequency and we will make no specific announcements prior to release. The purpose of the next March assessment is to provide a quarterly update cadence that can be relied upon for all company on-goings. Right now, execution is critical and the top priority.



This is a great style we can depend on going forward!

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