Amfil Technologies Inc (OTCMKTS:AMFE) shares rose 11.83% on Tuesday to $0.0189 and were flat in after-hours trading. The company has a market cap of $14.52 million at 791.92 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.03.
In a press release this week, Amfil Technologies Inc shared that its GROzone product line recently received a positive review from Pennsylvania Certified Organic, allowing their clients to use it in organic production.Pennsylvania Certified Organics certification program is accredited by the USDA for compliance with the National Organic Program, but since marijuana is not legal in all states, the USDA currently does not recognize it as a crop that can be organically grown or called certified organic just yet.
In any case, allowing the use of GROzone product line for any and all forms of what is currently deemed agricultural production is reassuring as marijuana cultivators that want to follow organic practices essentially follow the National Organic Program guidelines. It would also ensure that the producer or manufacturer will never have product recall or product failure due to any elevated levels of harmful ingredients used throughout the grow process that can make them susceptible to liability from the consumer.
GROzone is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators, as well as bacteria, fungus, microbes and surface mold, all without the use of chemicals.
A unit can also regulate a given facility’s water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold, completely eliminating the need for pesticides or carcinogenic products. Recall that several news reports lately have shown that residual pesticide contamination in end use marijuana products led to product recalls and lawsuits.
Operating through its subsidiary Interloc, Amfil Technologies Inc offers landscape construction and snow removal services in Canada. It also supplies and installs residential and commercial hardscape construction projects, including interlocking stone driveways, walkways, back patio’s, retaining walls and steps, fences, decks and pools, among others during the summer season. Interloc also provides residential winter services in Markham, including winter maintenance services.
The company owns the rights to Medium Scale Prospecting Mining Permits to over nine sites totaling approximately 10,300 acres in Guyana for exploration of gold, holding approximately 50% interest in mPact-GROZONE Antimicrobial Systems with distribution rights across the world. Its other subsidiaries include Snakes & Lagers Inc. and Snakes & Lattes Inc., which operate board game themed bars and cafes in downtown Toronto, Ontario, Canada.