test

We are beginning to move into a new era: The Post-Pandemic Era.

There are naysayers and worry warts everywhere because it has paid to be a pessimist over the past 16 months. But the market for pessimism is drying up at a rapid pace in 2021 as we see best-case-scenario data paths for vaccinations, vaccine efficacy, hospitalization rates, and fiscal support.

All of those factors have pushed the BofA Fund Manager Survey to an all-time high for economic expectations for the months ahead as the service economy begins to reopen in earnest.

For many small and mid-sized businesses that depend on foot traffic and a gathering of people in volume in indoor public spaces, this is extremely hopeful. Consumers have savings and are ready to unleash an historic wave of pent-up demand having fun out-and-about in their local markets.

One company positioned about as well as any for this coming rush of demand is Amfil Technologies, Inc. (OTCMKTS:FUNN). The company has operations in the entertainment/restaurant space, the cannabis space, and the landscaping space. However, according to a recent shareholder letter, the landscaping subsidiary is a long-term spin-off target, so the real strategic direction is a diversified model with operations in the entertainment/restaurant space and the cannabis dispensary market.

Of these two, the company’s main asset is its family fun board-game-themed café business operating under the brand, “Snakes and Lattes” – which is a play on words from the legendary classic game, Snakes and Ladders. You may have known it as Chutes and Ladders as a kid in the US, but it is far more established around the world as Snakes and Ladders.

Any way you slice it, the market for table-top gaming had been roaring as a very healthy, trendy niche market up until the Covid-19 pandemic health crisis. However, an entertainment restaurant and bar filled with happy people crowded over board games is a concept incompatible with a pandemic.

With the advent of the reopening phase over coming weeks and months, FUNN may be a perfect stock to have on the radar.

We would also note that FUNN shares were 8x more valuable 4 years ago. The company has seen a 10x growth in revenues with limited shifts in share structure in the meantime (ahead of the pandemic), suggesting there’s a relatively easy operational value argument to make here as well as the big near-term growth story described above.

Symbol:  FUNN Company:  Amfil Technologies, Inc. Quote:  http://finance.yahoo.com/q?s=FUNN Latest News:  http://finance.yahoo.com/q/h?s=FUNN+Headlines Company Website: www.amfiltech.com

Who is FUNN

Amfil Technologies, Inc. (OTCMKTS:FUNN) engages in the acquisition and creation of income generating private companies and optimizing operations under the Amfil Technologies umbrella. It also seeks to achieve long-term financial returns consisting of regular dividend income, benefiting from preferential tax treatment, and expecting modest mid-to-long term capital growth. The company was founded on June 14, 1985 and is headquartered in Markham, Canada.

Amfil Technologies Inc. is the parent company to three wholly owned subsidiaries:

1)  Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates 3 tabletop gaming bars and cafes located in Toronto, Ontario, 2 in Arizona (Tempe, Tucson) and 1 in Chicago, Illinois.  The company is in the process of expanding throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America, is believed to be the largest in the world and has the largest circulating public library of board games in North America for customers to choose from. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com.

2)  FUNN Dispensaries, Inc. was incorporated as a Canadian Federal Corporation in January 2021. FUNN dispensaries is entering the Canadian cannabis dispensary market with its first dispensary expected to open by summer of 2021 and a goal of significant expansion throughout Canada.

3)  Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer. Unilock is North America’s premier manufacturer of concrete interlocking paving stones and segmental wall products. Interloc-Kings Inc. has an A+ Rating with the Better Business Bureau (BBB) and a 10/10 rating on homestars.com. Specializing in stone and wood installations between $5,000 and $150,000 per project, Interloc-Kings Inc. has become a top, high quality installation company of outdoor living areas in the GTA.

Catalysts

Snakes and Lattes. The most recent key catalyst was the opening of the company’s 6th Snakes and Lattes location.

CEO, Rogen K. Chhabra, visited Snakes & Lattes ‘Tucson’ the weekend before soft opening. Final preparations were made to get all systems and equipment ready and complete staff training.

The CEO visited again for the Grand Opening on Friday, April 30th, 2021.

“They have worked selflessly and tirelessly these past several months to make Snakes & Lattes Tucson not only a reality, but a showpiece for our brand. Our company is our people, and I am honored to lead such a dedicated staff,” said CEO Chhabra. “This 6th location marks a new milestone in our expansion efforts. It will be the tip of the iceberg for expansion as the world returns to normal post-pandemic times. We continue to learn with every new location, and work towards identifying, procuring, constructing, hiring and opening locations in a more efficient and less resource restricted process.”

Spin-off. Per the previous report: It was stated Amfil plans to spin off the Cannabis and Hardscaping sectors while Board Game Cafes and the board game manufacturing and distribution sectors stay together. Current strategy has altered this plan. The Snakes & Lattes brand has major synergistic opportunities with the new FUNN Dispensaries brand.

Interloc-Kings would be spun-off with all other subsidiaries and joint ventures.  We have completed a review of a spin-off with legal counsel. At this time, the costs significantly outweigh the benefits. Once up-listed to the OTCQB and resources are available to allocate, the plan to execute will be revisited.  Completion of a spin-off will absolutely remain on the roadmap to scale, it is simply a matter of priority at this time.

Audit/Uplist. Wipfli has been hired to audit FY19, FY20, and to review subsequent quarters for FY21 as necessary to apply for OTCQB uplist. Uplist can be processed by OTC Markets without an audit of FY21 so long as the FYE 2019 and FYE 2020 audits are completed and uplist applied for and approved before the end of September. The auditors have not yet provided a projected completion date. Our collective goal is to beat the FY21 deadline with the help of KSMB who is assisting as a liaison for submissions to Wipfli.  Either way, FY21 will be immediately audited after FY19/20 along with all future years as required by OTCQB.

CEO extension. “My initial agreement to be CEO was through the end of FY21.  Now that I have had an opportunity to examine the company in all aspects, I am even more invigorated about the potential for success; especially in the entertainment/restaurant and cannabis sectors.  Accordingly, I have begun having productive discussions with the board of directors to extend my contract beyond FY21 in a manner that will benefit the company and shareholders the most.  My intent is to ask for no cash and no new allocation of shares beyond the incentives for benchmarks that are already being accomplished.”

Dispensaries. On August 31, 2020, Tokin Dispensaries Inc. and David Berkovits entered into an assignment agreement with FUNN whereby Tokin assigned assets to FUNN. Tokin was and is a licensed cannabis retail operator in Ontario. Tokin initially secured a lease for one dispensary location at 10 Dunlop Drive, St. Catharines in the Greater Toronto area. All rights and responsibilities regarding that location were assigned to FUNN through the assignment agreement. FUNN also has space for a suitable location near one of the Snakes & Lattes venues in Toronto. Berkovits has additional locations to be considered, and has taken responsibility for obtaining dispensary licenses for FUNN in existing and future locations.

FUNN will own 100% of the dispensaries opened under the agreement subject to Canadian government approval for its dispensary operator’s license.

Berkovits will be paid a service fee for each location he provides assistance in: Securing funding, Securing location, Completing buildout, Obtaining necessary permits and licenses, Stocking location with product, Hiring and training staff, and Successfully opening.

FUNN Dispensaries, Inc. has been approved for incorporation in Canada. Federal Corporation Information – 1264130-5 – Online Filing Centre – Corporations Canada – Corporations – Innovation, Science and Economic Development Canada. Amfil Technologies Inc. owns 100% of this corporation.

FUNN Dispensaries, Inc. has begun the process of acquiring the necessary dispensary operator’s license.

FUNN Dispensaries, Inc. has signed an agreement with the landlord to immediately take over the lease for 10 Dunlop.

Bids have already been approved and contractors have been hired to build out the first location at 10 Dunlop.

Funds have been appropriated for FUNN Dispensaries, Inc. to complete the buildout.

Projected timeline to open the first location is approximately 3 months pending buildout and transfer of the operator’s license and location permit. A firm opening date will be announced at the appropriate time.

FUNN Dispensaries, Inc. and its parent company, Amfil Technologies Inc. (FUNN) will retain all profits from this initiative. Success of this new business model will add significant value to the company and to the benefit of Amfil (FUNN) shareholders.

Technical Analysis

As growth catalysts mount for FUNN and the macro context improves due to reopening tailwinds, shares of the stock appear to be potentially technically poised for further upside:

About FUNN

FUNN (Amfil Technologies Inc) engages in the acquisition of income generating private companies and optimizing operations under the Amfil Technologies umbrella. It also seeks to achieve long-term financial returns consisting of regular dividend income, benefiting from preferential tax treatment, and expecting modest mid-to-long term capital growth.

The company was founded on June 14, 1985 and is headquartered in Markham, Canada.

Key Points:

  • FUNN has operations in the cannabis and entertainment/restaurant markets, where Reopening presents major tailwinds
  • FUNN is making real money, with trailing revs already coming in at $3M.
  • FUNN is also angling for a significant uplist of shares
  • FUNN is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
  • FUNN just recorded a MACD Bullish reversal, suggesting a technical change in trend.

Conclusion

The reopening theme is huge for certain sectors, with entertainment/restaurant names at the top of the list. FUNN can be thought of in the Dave and Busters ilk, with huge dormant revenue potential ready to be unlocked as people prepare to resume normal social activity in public spaces with family and friends.

The level of pent-up demand out there for this type of activity shouldn’t be underestimated.

We believe Snakes and Lattes has the potential to see explosive growth over coming months as a result. The fact that the company also has growing potential as a cannabis play gives this name powerful diversification in multiple growth markets.

We would also point out the potential synergies in the mix between these two models.

Technically, the stock appears potentially poised for big things ahead given its recent upside violation of the prior bear trendline. That normally carries implications. We also like the fact that the same trendline has already been successfully tested as key support.

Given the reopening theme in play across the market, FUNN is a potential mover in the making.

Recent Chart Activity

 

[stockdio-historical-chart symbol="FUNN" stockExchange="OTCMKTS" width="600" height="380" motif="financial" palette="financial-light"]

FEATURED NEWS

TORONTO, ON, May 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – SNAKES & LATTES INC. (OTC: FUNN) is pleased to report a 103% increase in year over year Q3FY22 revenue at $1,497,209, up from $736,115 for Q3FY21, with gross profits up from $492,239 to $1,120,484. We are actualizing a significant increase in gross profits from numerous operational efficiencies implemented over the past year. We continuously look for ways to increase this metric and are pleased with the result thus far. Cash on han

Toronto, ON, April 21, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - Snakes & Lattes Inc. (OTC: FUNN) is pleased to announce the opening of their newest location in Glendale, California. Snakes & Lattes Inc. is proud to have acquired Gamehaus in Glendale, California via ownership of the outstanding SBA loan. Gamehaus was established in 2013 by Rob Cron and Terry Chiu. Located near Hollywood at 1800 South Brand Blvd., #107 Glendale, CA. As board game enthusiasts themselves, they initially went look

TORONTO, ON, April 07, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Snakes & Lattes, Inc. (OTC: FUNN) is pleased to announce the new partnership with Virtual Dining Concepts. Snakes & Lattes is proud to have been selected to serve Mr. Beast Burgers in 2 pilot locations: Provo, UTAH and College, Toronto. Mr. Beast is one of the most successful YouTubers to date. Ranking #5 in subscribers at an incredible 92.9 Million! We couldn’t be more excited to deliver his brand through our kitchens. Mr. Beast

TORONTO, ON, March 07, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Snakes & Lattes Inc. (OTC: FUNN) is pleased to announce the opening of their newest Snakes & Lattes location in Provo, Utah. Snakes & Lattes Inc. is pleased to announce we have acquired Good Move Café in Provo, Utah in an all-cash deal. Good Move Café was established in 2017, at 1 E Center St Ste 100, Provo, UT 84606 near Brigham Young University by Dave and Shawn Moon. They have always been innovators; introducing game rentals,

TORONTO, ON, Jan. 27, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Snakes & Lattes Inc. (OTC: FUNN) is pleased to announce the launch of our Snakes & Lattes subscription and Snakes VIP experience packages. Snakes & Lattes is very enthusiastic to bring the official Snakes & Lattes subscription program to all our locations. The subscription model has proved to be quite successful across many industries as a great source of recurring revenue. We have been designing, modeling, and developing this pro

Toronto, ON, Dec. 14, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Snakes & Lattes, Inc. (OTC: FUNN) has added more talent to their corporate ranks with the hiring of Anaïs Guilbert as Director of Marketing for Snakes & Lattes. Anaïs has recently relocated to Toronto from Aix-en-Provence, France, where she was most recently Project Manager for Homair Vacances. Anaïs brings a wealth of experience in brand strategy, digital marketing, and customer relationship management to the company, which will

Chicago, IL, Nov. 04, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hello from Chicago, we are excited to share some good news on the state of our business. Heading into the holiday season, we are encouraged by many positive developments for Snakes & Lattes, and we wanted to update our shareholders on our progress between our regularly scheduled quarterly communication. First up, we are seeing conditions improve in our markets most impacted by Covid restrictions (Toronto and Chicago). Leadership

Toronto, ON, Sept. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amfil Technologies (OTC: FUNN) is pleased to announce the opening of their newest Snakes & Lattes location in Guelph, Ontario on Friday, October 1, 2021 at 4pm. With the opening of the Guelph location, Snakes & Lattes continues to grow their footprint in North America as the oldest, largest, and best game cafes. This represents the second acquisition of an established cafe, and comes on the heels of opening Snakes & Lattes Tucso

Toronto, ON, Sept. 02, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amfil Technologies Inc. (OTC:FUNN) released the following statement today: This summer has seen a marked improvement in sales, with our Toronto locations improving revenues by 80% in the last five weeks. Tempe is up nearly 70% over 2019 (pre-pandemic) levels, and they had their first monthly revenue total that surpassed $200k. Kudos to Susan and the team for driving revenue growth through the pandemic, and as they fill out the t

TORONTO, ON, July 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Amfil Technologies, Inc. (OTC: FUNN) released the following statement today: We are happy to announce that we will be reopening our Toronto Snakes & Lattes locations following the announcement of Ontario beginning to allow indoor dining starting July 16, 2021. With upgraded game libraries, refreshed and expanded spaces for guests, and an overwhelming majority of our staff returning, we are excited to be back up and running! We wil

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.