Amfil Technologies Provides Company Operations Overview

Emerging Technology

Amfil Technologies (OTCP:AMFE) has announced a company operations overview of the last 6 months. As quoted in the press release: Amfil Technologies Inc. (AMFE) highlights the last 6 months: The recently acquired Snakes & Lagers Inc. and Snakes & Lattes Inc. subsidiary posted over $7.35M CAD in revenue with $1.6M CAD in gross profits last …

Amfil Technologies (OTCP:AMFE) has announced a company operations overview of the last 6 months.
As quoted in the press release:

Amfil Technologies Inc. (AMFE) highlights the last 6 months:
The recently acquired Snakes & Lagers Inc. and Snakes & Lattes Inc. subsidiary posted over $7.35M CAD in revenue with $1.6M CAD in gross profits last year.
Back to back quarterly revenue increases of 4500% and 26,600% respectively past two quarters year over year.
Completed a 47% reduction in our Issued and Outstanding Share Count
Received exclusive distribution rights in Canada and other international regions to a number of the most popular and well known board game titles in the world.
Expanded warehouses total capacity and increased staff to accommodate the expansion.
Increased inventory to over $4.8M in preparation for the expected near term purchase orders.
Received the largest purchase order to date for exclusively held titles in Canada from Indigo / Chapters.
Began shipping game products for the $1.25Million CAD deal with large retailer.
Set-up working relationship with Cineplex/Rec-Room
Working with Nintendo Canada on developing Nintendo Switch game nights at the Snakes & Lattes Inc. locations.
Partnered with U.S. Fulfillment Houses Game Salute, Cool Stuff Inc., funagain.com
High Volume retail sales continues through Amazon
Mill Street Brewery developed Secret Alliance beer in conjunction with Snakes & Lattes
Snakes & Lattes became popular location for the television & film industries, hosting shows such as Property Brothers.
Signed 10 year lease and began construction on the 3rd Snakes & Lattes Inc location for Toronto which will be the largest to date at approx. 10,000 sq. ft. with outdoor patio.
Increased staff from 90-100 employees with short term goal of approximately 160 by July.

Click here to read the full press release.

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