Business
30 DAY ASSESSMENT REPORT FROM AMFIL TECHNOLOGIES, INC. CEO ROGEN K. CHHABRA
30 DAY ASSESSMENT REPORT FROM AMFIL TECHNOLOGIES, INC. CEO ROGEN K. CHHABRA.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"Amfil Technologies Inc. (OTC: FUNN) is pleased to provide the following shareholder update.Per the previous shareholder update, this assessment constitutes the stated report to be given for the first 30 days of the CEO transition plan. It has been an incredibly active month; reviewing initiatives, projects, financials, meetings with contractors, auditors, and all levels of staff. While this report will give a comprehensive overview of the current trajectory for Amfil, certainly some areas will still need more review and strategic thought. Shareholders can expect continued communication in future reports. First 30 day Key Accomplishments 2021 Q1 filed with attorney opinion letter on complianceListed as Pink Current with OTCMarketsRestructured a portion of debts with favorable terms and negotiated interest free forbearances on another portionSigned engagement letter with Wipfli LLP accounting firm for FY 2019 and FY 2020 auditsNegotiating the terms of the first dispensary operation buildoutHired a project manager to facilitate the opening of Tucson as expeditiously as possible. The new manager will be on sight full time after the first of the yearSite visit to Tempe to as part of continuous improvement within operationsFulfilled prizes to contest winners just in time for the holidaysIncreased authorized shares to be compliant with obligationsListed in house published games on Loblaws and Walmart websitesInitial review of all Amfil projects and initiatives for strategic assessmentComprehensive review with all levels of staff for 360 feedback on companyCommunicationRecognizing, establishing and maintaining shareholder confidence is an important facet for investor relations, I have responded as promptly as time allows to anyone that has reached out by email or by phone. While one can expect a certain allowance for confidence as a new CEO; maintaining it can only be accomplished through consistency over time. This initial 30 day assessment provides the first data point for follow through in communications going forward. The intention is to set the tone for shareholders expectations as I continue to lead Amfil as its new CEO. Audit/UplistCertainly completion of audits and subsequent uplist is paramount to Amfil’s continued growth and future success. To that end, I have signed an engagement letter with W...