Amfil Technologies, Inc. (OTC:FUNN) CEO Update on Canadian Cannabis Dispensary Initiative

Press Release

Toronto, ON – (NewMediaWire) – February 24, 2021 – Amfil Technologies, Inc. (OTC:FUNN) announces current status and progress with its initiative to expand into the cannabis dispensary business. Brief History:On August 31, 2020, Tokin Dispensaries Inc. and David Berkovits entered into an assignment agreement with FUNN whereby Tokin assigned assets to FUNN.  Tokin was and is a licensed cannabis retail operator in Ontario.  Tokin initially secured a lease for one dispensary location at 10 Dunlop Drive, St. Catharines in the Greater Toronto area.  All rights and responsibilities regarding that location were assigned to FUNN through the assignment agreement.  FUNN also has space for a suitable location near one of the Snakes & Lattes venues in Toronto.  Berkovits has additional locations to be considered, and has taken responsibility for obtaining dispensary licenses for FUNN in existing and future locations.Additional material terms of the agreement:FUNN will own 100% of the dispensaries opened under the agreement subject to Canadian government approval for its dispensary operator’s license.Berkovits will be paid a service fee for each location he provides assistance in:·      Securing funding·      Securing location·      Completing buildout·      Obtaining necessary permits and licenses·      Stocking location with product·      Hiring and training staff·      Successfully openingThe current status of materializing this agreement is as follows:1.     FUNN Dispensaries, Inc. has been approved for incorporation in Canada.  Federal Corporation Information – 1264130-5 – Online Filing Centre – Corporations Canada – Corporations – Innovation, Science and Economic Development Canada.  Amfil Technologies Inc. owns 100% of this corporation.2.    FUNN Dispensaries, Inc. has begun the process of acquiring the necessary dispensary operator’s license.  3.    FUNN Dispensaries, Inc. has signed an agreement with the landlord to immediately take over the lease for 10 Dunlop.4.    Bids have already been approved and contractors have been hired to build out the first location at 10 Dunlop.5.    Funds have been appropriated for FUNN Dispensaries, Inc. to complete the buildout.6.    Projected timeline to open the first location is approximately 3 months pending buildout and transfer of the operator’s license and location permit. A firm opening date will be announced at the appropriate time.FUNN Dispensaries, Inc. and its parent company, Amfil Technologies Inc. (FUNN) will retain all profits from this initiative.  Success of this new business model will add significant value to the company and to the benefit of Amfil (FUNN) shareholders.  We are excited to see our latest business initiative move forward. The cannabis industry continues to thrive in Canada and the world at large. More and more countries and territories are updating their regulations and permit the Cannabis industry to expand. The current plan is to scale this business through additional locations in Toronto and beyond. Efforts will be reported as expansion efforts progress and in the CEO quarterly updates. About Us:Amfil Technologies Inc. is the parent company to four wholly owned subsidiaries.1). Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates 5 tabletop gaming bars and cafes located in Toronto, Chicago and Tempe.  Two new locations are slated to open in the near future in Tucson and Guelph.  The company intends to expand further throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America and is believed to be the largest in the world and has the largest circulating public library of board games in North America for customers to choose from. For more information on Snakes & Lattes Inc., visit our website at www.snakesandlattes.com.2). The EcoPr03 GRO3 Antimicrobial System was jointly developed between Amfil Tech and A.C.T.S. Inc. which rebranded its technology under Advanced Ozone Integration as an extension of the existing ozone technology being utilized in the food and …