Amfil Technologies Inc.'s GRO3 Division Enters Into Agreement with Cannabis Infused Beverage Maker, Kalvara, With LOI

Date : 11/05/2018 @ 2:15PM
Source : InvestorsHub NewsWire
Stock : Amfil Technologies Inc. (PC) (AMFE)
Quote : 0.0819  0.0 (0.00%) @ 1:00AM

Amfil Technologies Inc.'s GRO3 Division Enters Into Agreement with Cannabis Infused Beverage Maker, Kalvara, With LOI

TORONTO, ON -- November 05, 2018 -- InvestorsHub NewsWire -- Amfil Technologies Inc. (OTC: AMFE), is pleased to announce that the GRO3 subsidiary has been selected as the exclusive supplier of ozone based antimicrobial technology for Virdi Group, the owners of Kalvara, for use in the production of their Cannabis Infused Beverages.

The EcoPrO3 systems will provide complete process water pre-filtration and antimicrobial treatment to ensure they meet and exceed the highest food safety standards while maintaining quality, flavor, and potency. An LOI has also been issued which provides for an estimated 8 EcoPrO3 systems in 2019.

Kalvara is a provider of innovative and high-quality cannabis beverages that are environmentally friendly and free of chemicals, calories, sugar, and preservatives. Kalvara Single and Kalvara Eco four-pack are infused drinks offering an easier, cleaner and more consistent cannabis consumption method. Kalvara uses a proprietary nano-emulsification process that allows a rapid onset delivery of a precise dose of water-soluble THC to the bloodstream, avoiding problems associated with other edibles.

Kalvara utilizes Virdi Group’s innovative VESSL™ delivery system. VESSL™ is a nitrogen-pressurized storage and delivery system which preserves the active ingredients from environmental factors without the need for artificial preservatives. The patented VESSL™ closure delivers a precise and consistent dose of THC in every bottle and maintains product integrity without the need for refrigeration.

“The deal with Kalvara is a perfect fit for GRO3,” stated Ambrose Fillis, President of GRO3. “Kalvara is dedicated to providing products which are natural, healthy, and free from artificial preservatives. GRO3 provides an all-natural, organic, and safe solution ensuring Kalvara’s Cannabis Beverages are of the highest quality and exceed food safety standards.”

The EcoPr03 GRO3 Antimicrobial System was jointly developed between Amfil Tech and A.C.T.S. Inc. which recently rebranded its technology under Advanced Ozone Integration as an extension of the existing ozone technology being utilized in the food and beverage industry and integrated by A.C.T.S. into companies such as Pepsi, Nestle, Sysco, Sun Pacific and many others. The system is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators (like aphids, whiteflies and spider mites), as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals. The unit can also constantly regulate a given facility's water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold (allowing for comprehensive water recycling), simultaneously removing the need to use pesticides and/or dangerous, often carcinogenic products to treat production problems, as is common throughout the industry today.

The GRO3 Team has made significant strides toward penetrating the Cannabis Industry with the EcoPr03. Currently, GRO3 has 8 additional deals/contracts progressing behind the scenes across multiple sectors of the cannabis market including cultivation, extraction, and infusion. Further details about these upcoming deals can be expected over the coming weeks and as they continue to develop.

A note regarding Amfil’s “Stop Sign” designation on OTC Markets.

As shareholders are well aware, the company decided to undergo the process of auditing the last three years financial statements in order to up-list off the OTC Pink market. Fiscal year end June 30th, 2016 and 2017 audited statements have been filed and can be found at the following link: https://backend.otcmarkets.com/otcapi/company/financial-report/202464/content

The 2016/2017 audits took longer than anticipated and overflowed into the time allotted for the 2018 audit to be completed. Consequently, the company missed the Oct.15, 2018 filing deadline and a stop sign designation was issued from OTC Markets. The 2018 audit is currently underway and will be filed upon completion, which will remove the stop sign designation and enable the up-list of the company off the OTC Pink Market.

There is never an ideal time to complete a multi-year audit. The process is often time consuming, and it can cause unintentional by-products including the stop sign designation. It is, however, a necessity in terms of the greater progression and growth of the company in the long-term. The completion and filing of two of the previous three years audits is an enormous step forward in the process. The 2018 audit will be completed and filed, and the company is excited for its future beyond the OTC Pink market. Amfil, along with the internal and external accountants, the CFO Squad, and our auditors RBSM are dedicated to completing this final year’s audit as quickly and efficiently as possible. Once complete, the company will up-list off the OTC Pink market and begin the spinoff and dividend process mentioned in prior press.

For more information regarding the company, please visit www.amfiltech.com and follow us on Twitter for further updates @AmfilTech.

For more information on Snakes & Lattes Inc. please visit www.snakesandlattes.com

For more information on GRO3, please visit http://gro3systems.com/

For more information on Natural Stuff Inc., please visit https://www.naturalstuffinc.com/

For more information on Interloc-Kings Inc., please visit http://www.interloc-kings.com/

About Us:

Amfil Technologies Inc. is the parent company to four 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 that brought in over $8M USD in revenue last year. The company is in the process of franchising 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 have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 100+ member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world. The company also operates a lucrative fulfillment and distribution division and has recently entered into the board game publishing business which is expected to add significant revenues to the bottom line. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com.

2). The EcoPr03 GRO3 Antimicrobial System was jointly developed between Amfil Tech and A.C.T.S. Inc. which recently rebranded its technology under Advanced Ozone Integration as an extension of the existing ozone technology being utilized in the food and beverage industry and integrated by A.C.T.S. into companies such as Pepsi, Nestle, Sysco, Sun Pacific and many others. The system is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators (like aphids, whiteflies and spider mites), as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals. The unit can also constantly regulate a given facility's water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold (allowing for comprehensive water recycling), simultaneously removing the need to use pesticides and/or dangerous, often carcinogenic products to treat production problems, as is common throughout the industry today. This environmentally-friendly solution also eliminates odors, while slightly reducing the air temperature, lowering energy consumption by the HEPA filtration and HVAC systems and could potentially allow for a facilities process to be labeled certified organic in the U.S.A. when the crop is no longer considered illegal on the federal level, otherwise "Clean Green" or "Certified Kind" in the meantime. The EcoPr03 GRO3 Antimicrobial System recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. The subsidiary has developed a strategic partnership with Roto Gro, the creator of proprietary rotary hydroponic technology. More information on this product line can be found on the www.gro3systems.com website or on twitter @GRO3Systems.

3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, 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 quickly become a top, high quality installation company of outdoor living areas in the GTA. More information on this subsidiary can be found at the website www.interloc-kings.com.

4). Natural Stuff Inc. For over 20 years, Natural Stuff Inc. has been distributing high-quality, value products. Since 1994, the business and delivery system have been satisfying grocery, chain, discount department, and convenience store customers. Wholesalers, vending and catering services are some of our best clients. Natural Stuff Inc. is always searching for new and exciting snack food & drink products to boost in-store sales and drive business.

Safe Harbor Statement

This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's OTC Market or Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should,", "will", "expect," "anticipate," "believe," "estimate," "confident," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Contact: Roger Mortimer Amfil Technologies Inc. Telephone: (647) 880-5887 Email: rmortimer@amfiltech.com


 

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