Amfil Technologies Inc (OTCMKTS:AMFE) is trading slightly higher today on a 7% rip. AMFE has been a hot stock for OTC traders and seeing a steep incline for the month so far. AMFE just announced a new purchase order today and volume has been strong on the news.
AMFE’s sales team received a purchase order commitment to outfit a portion of an up and coming Canadian cannabis cultivator with 5 EcoPrO3 GRO3 Antimicrobial Systems as well as 100 Roto-Gro Hydroponic Systems. These products are related to its GROzone subsidiary, which I details more about below. AMFE has been a big gainer and the stock is seeing +1000% gains on the year. This is why people trade penny stocks. So, if you have not check in, please start watching.
Amfil Technologies Inc (OTCMKTS:AMFE) is the parent company to three wholly owned subsidiaries.
Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates a 6000 sq. ft. and a 7,500 sq. ft. tabletop gaming bars and cafes located in Toronto, Ontario that brought in over $7M CDN in revenue last year.
GROzone (which seems to be about cannabis growing, even though the company doesn’t seem to want to say that for some reason) 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.
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.
Here is another quote from the recent press that is more revealing about the ramifications:
Further to the $1.15 Million purchase order commitment obtained by the GRO3 Sales Team, the subsidiary continues to make strides towards the finalization of purchase orders and system installations for a number of other cultivators we are currently in discussions with. This purchase order will mark the official penetration into the cannabis cultivation market for GRO3, and further solidifies our relationship with Roto-Gro Worldwide Inc. We anticipate this to be just the beginning of many large purchase orders for both technologies as more cultivators seek out organic alternatives and recognize the undeniable efficacy of the EcoPrO3 GRO3 technology.
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The company also has two deals of note ongoing that are worth staying up to date on. First, a Bear vs. Babies card game and an exploding kitten game that was one of the most funded games on Kickstarter ever. Exploding Kittens has racked up more than $50M in revenues and Bears vs. Babies is from the same designer.
Amfil Technologies Inc (OTCMKTS:AMFE) is carrying a market cap of $72.38M with a little more 444 million shares out. AMFE has been hinted at as a possible dilution candidate but the company has a lot of irons in the fire, so it is hard to say, but investors should be on guard because the company has no cash on the books. But, this is a very hot stock and we will be continuing to watch. For continuing coverage on shares of $AMFE stock, as well as our other breakout stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $AMFE, either long or short, and we have not been compensated for this article.