Amfil Technologies Inc. (OTC:$AMFE) officially released an announcement that it has closed on the acquisition of Natural Stuff Inc. in the further expansion of its distribution channel. Natural Stuff Inc. is a distributor of products to over 300 clients across Canada. The company holds distribution rights to many food and beverage brands including 28 Black, a widely popular premium energy drink. Additionally, Natural Stuff Inc. is in the process of closing several deals with large and small format retailers across Canada, with a potential of over 5000 locations collectively.
Specifically, the acquisition agreement entails that President of Natural Stuff, Silvano Racioppo to remain in a leadership position for the entity, and will act as a consultant for the expansion of all associated business.
Further, the established portfolio of distributed brands of Natural Stuff will serve as an inroad for the portion of the emerging brands currently carried by Snakes & Lattes, including those products carried by the distribution division. This will be paramount to further fuel the explosive expansion of this division, and the brand as a whole.
Natural Stuff Inc. was acquired for 750,000 restricted shares of Amfil common stock.
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