AMFIL TECHNOLOGIES INC - FUNN STOCK NEWS

Snakes & Lattes Inc. (OTC: FUNN) announced the acquisition of ‘Roll With It’ Board Game Cafe & Bar in Virginia Beach, Virginia, through an all-cash deal. This marks the company's first East Coast location and fifth in the U.S. The café is well-established, generating strong revenue, situated in a high-traffic area near Lynnhaven Mall. The acquisition is expected to enhance Snakes & Lattes' expansion strategy across North America. Financing was secured via non-convertible promissory notes with a 5% interest rate, ensuring no dilution of shareholder equity. This move signifies continued growth and brand development for Snakes & Lattes.

Snakes & Lattes Inc. (OTC: FUNN) reported a remarkable 200% revenue increase from FY 2021 to FY 2022, reaching approximately $6M despite temporary closures in early 2022. The Tempe location achieved record-breaking revenues of over $3M. The company is optimistic about continuing revenue growth in FY 2023. Notably, Snakes & Lattes won the 'Most Innovative Retailer' award at the TAGIE awards, enhancing its reputation in the toy and game industry. The company plans to open new locations while minimizing shareholder dilution and is currently in negotiations for expansion. Overall, Snakes & Lattes is focusing on profitability and expanding its brand.

Snakes & Lattes Inc. (OTC: FUNN) reported a 65% increase in Q1FY23 revenue, reaching $1,984,097 compared to $1,203,460 in Q1FY22. Gross profit surged 114% to $1,438,243. Cash on hand is $33,440, total assets at $3,844,156, and total liabilities are $8,990,180. Notable growth was seen across multiple locations, with 'Midtown' revenue escalating 217.34%. The company continues to implement operational improvements and anticipates further positive financial outcomes as it heads into the holiday season.

Snakes & Lattes Inc. (OTC: FUNN) is nominated for the ‘Most Innovative Retailer of the Year’ at the upcoming TAGIE awards in Chicago, honoring achievements in the toy and game industry. Competing against renowned brands like Disney and Hasbro Pulse, this recognition highlights Snakes & Lattes' impact on the industry. The public can vote until October 30th, with results announced on November 19th. Founded by Ben Castanie, the business features 7 cafes across North America, providing the largest circulating library of board games in the region and positioning itself as a leader in gaming culture.

Snakes & Lattes Inc. (OTC: FUNN) reported a nearly 200% increase in FY22 revenue, reaching $6,064,896, up from $2,027,988 in FY21. Gross profits also rose significantly from $1,369,514 to $4,223,022. Despite a net income loss of -$2,089,972, an improvement from -$3,564,440 in FY21, the company expressed optimism for FY23, aiming for profitability. The total outstanding shares as of June 30, 2022, stood at 758,849,876. Operational focuses include expansion in the U.S. and improving profitability by optimizing existing locations.

Snakes & Lattes Inc. (OTC: FUNN) reports a remarkable 103% increase in year-over-year revenue for Q3 FY22, totaling $1,497,209, up from $736,115 in Q3 FY21. Gross profits rose significantly from $492,239 to $1,120,484. Cash on hand is $53,427, with assets at $3,900,204 against liabilities of $9,067,708. Despite challenges, March 2022 saw record revenues, and two new locations are set to open. The company anticipates Q4 revenue exceeding $2 million and is on track for continued operational improvements.

Snakes & Lattes Inc. (OTC: FUNN) announces the opening of its latest location in Glendale, California, through the acquisition of Gamehaus, which boasts over 1,400 board games and a beer and wine license. The venue aims to enhance customer experience with table service and plans to expand capacity by utilizing adjacent space. The rebranding launch is expected in Summer 2022, along with a revamped website and social media campaign. This expansion marks the company's first West Coast location and represents a strategic growth move in North America.

Snakes & Lattes, Inc. (OTC: FUNN) announced a partnership with Virtual Dining Concepts to serve Mr. Beast Burgers at two pilot locations: Provo, Utah, and College, Toronto. This collaboration will enhance take-out and delivery capabilities, create new revenue streams, and optimize supplier relationships. The partnership requires no upfront costs and allows flexibility to adapt based on market demands. The initiative aims to meet the evolving needs of the hospitality industry, focusing on delivery and take-out services as key revenue sources.