Toronto, ON, Feb. 24, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — 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 fundingSecuring locationCompleting buildoutObtaining necessary permits and licensesStocking location with productHiring and training staffSuccessfully openingThe current status of materializing this agreement is as follows: FUNN