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
Amfil Technologies (PK) (USOTC:FUNN)
Historical Stock Chart
From Sep 2024 to Oct 2024
Amfil Technologies (PK) (USOTC:FUNN)
Historical Stock Chart
From Oct 2023 to Oct 2024