FUNN Amfil Technologies Inc. Announces Entrance into the Licensed Cannabis Dispensary Business in Canada
Press Release | 09/04/2020
Amfil Technologies Inc (OTC: FUNN), is pleased to announce that the Company will be entering the cannabis dispensary business beginning with an initial pre-vetted retail location, then 4-5 additional locations in Southern Ontario, and ultimately plans to expand its reach throughout Canada, USA, and potentially Central and South America.
Initiatives in the cannabis space have been a topic of discussion with management since its original entrance into the industry back in 2014 with the GRO3 joint venture. Focus however, eventually shifted primarily to growing the Companys main revenue source, Snakes & Lattes Inc. Following the pandemic, the Company has identified key areas of recession-proof operations and decided that the time was right to bolster itself by entering the retail cannabis market. It is anticipated that there will be additional synergies and cross business opportunities between each subsidiary under the FUNN umbrella.
The Company has partnered with experienced and licensed cannabis dispensary operator, David Berkovits, to create and manage operations for the Companys new cannabis dispensary division. David is a licensed dispensary operator and will be managing the license application process for the Company after recently successfully obtaining the license for himself in Canada.
David has a long list of entrepreneurial achievements and experience in the cannabis industry. When cannabis became legal in Colorado, David opened one of the first dispensaries and one of the first cultivation facilities in Denver. When cannabis became legal in Arizona, he helped launch one of the largest certification clinics with 5 locations throughout the state. Once legal, he opened one of the first dispensaries in Arizona. He also formed the Arizona Dispensary Association, which still exists today (although under a different name). David then proceeded to acquire a license to cultivate, started a licensed greenhouse, and developed a cannabis edibles brand which achieved a 70%+ saturation in stores that sold cannabis across the state. Following these achievements, David moved on to Oregon where he completed the Master Gardeners course at University of Oregon, then proceeded to expand his expertise into the cannabis genetics market, and set up a greenhouse, nursery, and tissue culture propagation laboratory to replicate genetics.
In addition to Davids industry experience, he brings with him a strategic partnership for the division with a large retailer that has 100+ locations in high-traffic areas in Southern Ontario to open dispensary locations. The dispensaries will operate in spaces within existing retail stores. The first retail location has been secured and will act as the main operations hub and distribution centre for all additional locations. The landlord has agreed to waiving any rent charges for a 9-month period allowing the business to be fully established prior to incurring rent costs. The next 4-5 additional locations have been selected and dozens more have been made available. The first location is expected to open as soon as the license is obtained (approximately 3months) and the next 4-5 locations are expected to open over the next 12 months.
Press Release | 09/04/2020
Amfil Technologies Inc (OTC: FUNN), is pleased to announce that the Company will be entering the cannabis dispensary business beginning with an initial pre-vetted retail location, then 4-5 additional locations in Southern Ontario, and ultimately plans to expand its reach throughout Canada, USA, and potentially Central and South America.
Initiatives in the cannabis space have been a topic of discussion with management since its original entrance into the industry back in 2014 with the GRO3 joint venture. Focus however, eventually shifted primarily to growing the Companys main revenue source, Snakes & Lattes Inc. Following the pandemic, the Company has identified key areas of recession-proof operations and decided that the time was right to bolster itself by entering the retail cannabis market. It is anticipated that there will be additional synergies and cross business opportunities between each subsidiary under the FUNN umbrella.
The Company has partnered with experienced and licensed cannabis dispensary operator, David Berkovits, to create and manage operations for the Companys new cannabis dispensary division. David is a licensed dispensary operator and will be managing the license application process for the Company after recently successfully obtaining the license for himself in Canada.
David has a long list of entrepreneurial achievements and experience in the cannabis industry. When cannabis became legal in Colorado, David opened one of the first dispensaries and one of the first cultivation facilities in Denver. When cannabis became legal in Arizona, he helped launch one of the largest certification clinics with 5 locations throughout the state. Once legal, he opened one of the first dispensaries in Arizona. He also formed the Arizona Dispensary Association, which still exists today (although under a different name). David then proceeded to acquire a license to cultivate, started a licensed greenhouse, and developed a cannabis edibles brand which achieved a 70%+ saturation in stores that sold cannabis across the state. Following these achievements, David moved on to Oregon where he completed the Master Gardeners course at University of Oregon, then proceeded to expand his expertise into the cannabis genetics market, and set up a greenhouse, nursery, and tissue culture propagation laboratory to replicate genetics.
In addition to Davids industry experience, he brings with him a strategic partnership for the division with a large retailer that has 100+ locations in high-traffic areas in Southern Ontario to open dispensary locations. The dispensaries will operate in spaces within existing retail stores. The first retail location has been secured and will act as the main operations hub and distribution centre for all additional locations. The landlord has agreed to waiving any rent charges for a 9-month period allowing the business to be fully established prior to incurring rent costs. The next 4-5 additional locations have been selected and dozens more have been made available. The first location is expected to open as soon as the license is obtained (approximately 3months) and the next 4-5 locations are expected to open over the next 12 months.
