Business
Amfil Technologies Inc. Provides Corporate Update on the Various Initiatives Throughout its Subsidiaries
Amfil Technologies Inc. Provides Corporate Update on the Various Initiatives Throughout its Subsidiaries.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"Amfil Technologies Inc. is pleased to provide a corporate update relating to the progress of various initiatives being spearheaded through its subsidiaries including Snakes & Lattes Inc., GRO3, and a progress update on the Company's FYE audits.Snakes & Lattes Inc. continues to be the leading contributor to the Company's bottom line in terms of scope, resources, revenues, and overall operational and market awareness. Snakes & Lattes currently has four wholly owned and fully operational tabletop gaming venues, 3 in Toronto, Canada, and 1 in Tempe, Arizona. Additionally, the business is in the process of opening an additional venue located in Tucson, Arizona, and has agreements in place for a number of additional venues across North America. Snakes & Lattes has positioned itself as a leading player in the industry and also operates in the sale, distribution, and order fulfillment of a wide range of popular board game titles in North America, many of which the Company holds exclusive rights to regionally. This area of the overall business has been a key contributor to the overall bottom-line for the Company.Most recently, the Company entered into the potentially lucrative board game publishing business, through the acquisition of existing board game publisher, Morning, which was completed in 2018. The Company anticipates board-games publishing to be a significant contributor of revenues and profitability moving forward as its various in-house published titles including the highly anticipated Kill the Unicorns and Red Panda game titles hit the market.Snakes & Lattes is pleased to provide a general update regarding its ongoing business operations and growth initiatives beginning with the cafe/bar venues.Venues - Snakes & Lattes CanadaSnakes & Lattes 'Annex'The Snakes & Lattes Annex venue continues to generate significant revenue and customer patronage as anticipated. The Company has commenced planning for renovations/upgrades to coincide with the new Westbank Corp Mirvish Village development project which is located right across the street from Snakes & Lattes Annex at 581 Bloor Street West, Toronto. The Mirvish Village project is expected to be completed by 2022 and contain 855 residential units which will be added to the already densely populated neighborhood. Anticipating an increased level of de...