Business
Amfil Technologies Inc.’s Snakes & Lattes Subsidiary Announces Partnership with Loblaws to Curate and Sell Board Games Through New E-Commerce Marketplace
Amfil Technologies Inc.’s Snakes & Lattes Subsidiary Announces Partnership with Loblaws to Curate and Sell Board Games Through New E-Commerce Marketplace.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"\n TORONTO, ON, Aug. 14, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ‒ Amfil Technologies Inc. (OTC: FUNN), is pleased to announce that its primary subsidiary, Snakes & Lattes Inc., has formed a partnership with Canadian retail giant, Loblaws, for the purpose of curating and selling board games on Loblaws’ recently launched online marketplace. The Loblaws marketplace functions similar to Amazon, where the marketplace facilitates the sale of goods through third-party sellers. Loblaws will manage the logistics of sales and receive a commission on all sales. Stock ownership, however, is retained by the selling partners. This allows Loblaws to effectively offer millions of SKUs to marketplace customers Canada-wide. This initiative is congruent with Snakes & Lattes’ push to create a larger and more lucrative e-commerce presence. The new partnership with Loblaws expands the established sales channel through Amazon, and the Company intends to increase offerings through the Amfil Technologies and Snakes & Lattes websites. These additional sales channels will further bolster the Company’s relationships with existing game publishers and increase product sale volume. Loblaws launched its online marketplace at the end of 2019; the platform initially included only a few selling partners. As a result of COVID-19, however, the demand has been far greater than anticipated. To effectively meet this demand, Loblaws has opted to focus on a few primary categories for the time being:  Home Living Toys & Game Kitchen Decor Nursery  Snakes & Lattes has been selected as a selling partner under the category ‘Toys & Games’. The Company intends to have sales through Loblaws marketplace to be fully operational by the end of August, then increase significantly into the Holiday season. Partnership details include Snakes & Lattes providing expertise to curate the board game business, beginning with 200-300 SKUs then increasing to include as many games possible. The games will be offered on both the Loblaws marketplace as well as the Snakes & Lattes and Amfil Tech websites.  The Company is very excited about this new partnership and working relationship. Loblaws is one of the largest and most well-known retailers in Canada, consisting of multiple brands and over 2,000 retail locat...