UNITED ~~STATESSECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549~~STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

~~[X]~~ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~April~~October 3031, 2019

~~[_]~~ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

~~COMMISSION~~Commission ~~FILE~~File ~~NUMBER~~Number 000-51073

INFITECH VENTURES INC. (Exact name of registrant as specified in its charter)

NEVADA	98-0335119
(State or other jurisdiction of incorporation or organization)	(I.R.S Employer Identification No.)
20 Lyall Avenue
Toronto, Ontario, Canada	M4E 1V9
(Address of principal executive offices)	(Zip Code)
(416) 691-4068
(Registrant's telephone number, including area code)
N/A
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (~~416~~1) ~~691-4068~~has filed all reports required to be filed by Section 13 or 15(~~Registrant's~~d) ~~telephone number,~~of ~~including~~the ~~area~~Securities ~~code~~Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No

N/A(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [_] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [ ] Yes [X] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “"large accelerated filer,~~” “~~" "accelerated filer”" and “"smaller reporting company”" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [_ ] Accelerated filer [_ ] Non-accelerated filer [_ ] (Do not check if a smaller reporting company) Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [X] Yes [_ ] No

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: As of ~~June~~December 1913, 2019, the Registrant had 15,128,332 shares of common stock outstanding.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b -2 of this chapter).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ~~[ ]~~

[ ]

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

The accompanying unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three ~~and nine~~ months ended ~~April 30~~October 31, 2019 are not necessarily indicative of the results that can be expected for the year ending July 31, ~~2019~~2020.

As used in this Quarterly Report, the terms "we,”" "us,”" "our,” " and “"Infitech”" mean Infitech Ventures Inc. unless otherwise indicated. All dollar amounts in this Quarterly Report are in U.S. dollars unless otherwise stated.

INFITECH VENTURES INC.

FINANCIAL STATEMENTS ~~(Expressed in United States Dollars)~~

~~April~~(Expressed ~~30,~~in ~~2019~~United States Dollars)

October 31, 2019

(Unaudited)

INFITECH VENTURES INC.
BALANCE SHEETS
(Expressed in United States Dollars)
(Unaudited)

		April 30, 2019			July 31, 2018
		October 31, 2019			July 31, 2019
ASSETS
Current
Cash	$	~~940~~3,451		$	~~511~~4,421
Total assets	$	~~940~~3,451		$	~~511~~4,421
LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current
Accounts payable and accrued liabilities	$	723,~~714~~810		$	1419,~~355~~217
Accounts payable and accrued liabilities - related party (Note 5)		3739,~~800~~000			3638,~~000~~400
Due to related parties (Note 5)		~~367~~375,~~414~~632			~~341~~375,~~473~~325
Total current liabilities		~~412~~438,~~928~~442			~~391~~432,~~828~~942
Stockholders' deficiency
Common stock Authorized 100,000,000 common shares with par value of $0.001 Issued and outstanding 15,128,332 shares (July 31, 2018 - 15,128,332)		15,128			15,128
Common stock
Additional paid-in capital		1,228,132			1,183,132
Authorized 100,000,000 common shares with par value of $0.001
Accumulated deficit		(1,655,248	)		(1,589,577	)
Issued and outstanding 15,128,332 shares
Total stockholders' deficiency		(411,988	)		(391,317	)
(July 31, 2019 - 15,128,332)		15,128			15,128
Total liabilities and stockholders' deficiency	$	940		$	511
Additional paid-in capital		1,258,132			1,243,132
Accumulated deficit		(1,708,251	)		(1,686,781	)
Total stockholders' deficiency		(434,991	)		(428,521	)
Total liabilities and stockholders' deficiency	$	3,451		$	4,421

History and Organization of the Company (Note 1)

Going Concern (Note 2)

Subsequent Events (Note 8)

The accompanying notes are an integral part of these financial statements.

F-2

INFITECH VENTURES INC.
STATEMENTS OF OPERATIONS
(Expressed in United States Dollars)
(Unaudited)

		Nine			Nine			Three			Three
		Three			Three
		Months Ended			Months Ended			~~Months Ended~~			~~Months Ended~~
		April 30, 2019			April 30, 2018			April 30, 2019			April 30, 2018
		October 31, 2019			October 31, 2018
Expenses
Contributed executive services (Note 5)	$	4515,000		$	4515,000		$	~~15,000~~		$	~~15,000~~
Office		71,~~646~~546			71,~~193~~502			~~2,207~~			~~2,082~~
Professional fees		134,~~535~~401			144,~~211~~195			~~4,656~~			~~4,857~~
Rent (Note 5)		~~1,800~~600			~~1,800~~600			~~600~~			~~600~~
Foreign exchange gain		(~~2,310~~77	)		(~~1,770~~696	)		~~(1,669~~	)		~~(3,013~~	)
Net loss	$	(6521,~~671~~470	)	$	(6620,~~434~~601	)	$	~~(20,794~~	)	$	~~(19,526~~	)
Basic and diluted net loss per share	$	(0.00	)	$	(0.00	)	$	~~(0.00~~	)	$	~~(0.00~~	)
Weighted average number of common shares outstanding, basic and diluted		15,128,332			15,128,332			15,128,332			15,128,332
Weighted average number of common shares outstanding		15,128,332			15,128,332

The accompanying notes are an integral part of these financial statements.

F-3

INFITECH VENTURES INC. ~~STATEMENTS OF STOCKHOLDERS' DEFICIENCY (Expressed in United States Dollars) (Unaudited)~~

	Common Shares				Additional
					Paid-in		Accumulated
	Number		Amount		Capital		Deficit			Total
Balance, July 31, 2017	15,128,332	$	15,128	$	1,123,132	$	(1,494,415	)	$	(356,155	)
Contributed executive services	-		-		45,000		-			45,000
Net loss	-		-		-		(66,434	)		(66,434	)
Balance, April 30, 2018	15,128,332	$	15,128	$	1,168,132	$	(1,560,849	)	$	(377,589	)
Balance, July 31, 2018	15,128,332	$	15,128	$	1,183,132	$	(1,589,577	)	$	(391,317	)
Contributed executive services	-		-		45,000		-			45,000
Net loss	-		-		-		(65,671	)		(65,671	)
Balance, April 30, 2019	15,128,332	$	15,128	$	1,228,132	$	(1,655,248	)	$	(411,988	)
Balance, January 31, 2018	15,128,332	$	15,128	$	1,153,132	$	(1,541,323	)	$	(373,063	)
Contributed executive services	-		-		15,000		-			15,000
Net loss	-		-		-		(19,526	)		(19,526	)
Balance, April 30, 2018	15,128,332	$	15,128	$	1,168,132	$	(1,560,849	)	$	(377,589	)
Balance, January 31, 2019	15,128,332	$	15,128	$	1,213,132	$	(1,634,454	)	$	(406,194	)
Contributed executive services	-		-		15,000		-			15,000
Net loss	-		-		-		(20,794	)		(20,794	)
Balance, April 30, 2019	15,128,332	$	15,128	$	1,228,132	$	(1,655,248	)	$	(411,988	)

STATEMENTS OF STOCKHOLDERS' DEFICIENCY

(Expressed in United States Dollars)
(Unaudited)

	Common Shares				Additional
					Paid-in		Accumulated
	Number		Amount		Capital		Deficit			Total

Balance, July 31, 2018	15,128,332	$	15,128	$	1,183,132	$	(1,589,577	)	$	(391,317	)

Contributed executive services	-		-		15,000		-			15,000

Net loss	-		-		-		(20,601	)		(20,601	)

Balance, October 31, 2018	15,128,332	$	15,128	$	1,198,132	$	(1,610,178	)	$	(396,918	)

Balance, July 31, 2019	15,128,332	$	15,128	$	1,243,132	$	(1,686,781	)	$	(428,521	)

Contributed executive services	-		-		15,000		-			15,000

Net loss	-		-		-		(21,470	)		(21,470	)

Balance, October 31, 2019	15,128,332	$	15,128	$	1,258,132	$	(1,708,251	)	$	(434,991	)

The accompanying notes are an integral part of these financial statements.

F-4

INFITECH VENTURES INC.
STATEMENTS OF CASH FLOWS
(Expressed in United States Dollars)
(Unaudited)

		Nine			Nine
		Three			Three
		Months Ended			Months Ended
		April 30, 2019			April 30, 2018
		October 31, 2019			October 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(6521,~~671~~470	)	$	(6620,~~434~~601	)
Items not affecting cash:
Contributed executive services		4515,000			4515,000
Unrealized foreign exchange loss		(1,275	)		(980	)
Unrealized foreign exchange loss (gain)		(77	)		31
Changes in non-cash working capital items:
Decrease in accounts payable and accrued liabilities		(6,641	)		(4,346	)
Increase in accounts payable and accrued liabilities		4,593			4,820
Increase in accounts payable and accrued liabilities -related party		1,800			1,800
Increase in accounts payable and accrued liabilities - related party		600			600
Net cash used in operating activities		(261,~~787~~354	)		(~~24,960~~150	)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in due to related parties		~~27,216~~384			~~29,791~~-
Net cash provided by financing activities		~~27,216~~384			~~29,791~~-
Change in cash for the period		~~429~~(970	)		~~4,831~~(150	)
Cash, beginning of period		~~511~~4,421			~~163~~511
Cash, end of period	$	~~940~~3,451		$	~~4,994~~361
Cash paid for interest during the period	$	4-		$	-
Cash paid for income taxes during the period	$	-		$	-
Supplemental Cash Flow Disclosure (Note 6)

The accompanying notes are an integral part of these financial statements.

F-5

INFITECH VENTURES INC. NOTES TO THE FINANCIAL STATEMENTS (Expressed in United States Dollars) ~~April~~October 3031, 2019

1. HISTORY AND ORGANIZATION OF THE COMPANY Infitech Ventures Inc. (the “Company”) was incorporated on October 24, 2000 under the Laws of the State of Nevada. The Company intended to develop and market a wax technology relating to the process of solidifying and removing spilled oil on land and water. The Company is currently exploring new business opportunities. All of the Company’s assets are held in Canada. All amounts are stated in United States dollars unless otherwise noted. 2. GOING CONCERN These financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America with the on-going assumption that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. However, certain conditions noted below currently exist which raise substantial doubt about the Company’s ability to continue as a going concern. The operations of the Company have primarily been funded by the issuance of common stock and funding from related parties. Continued operations of the Company are dependent on the Company’s ability to complete equity financings or generate profitable operations in the future. Management’s plan in this regard is to secure additional funds through future equity sales. Such sales may not be available or may not be available on reasonable terms. There can be no assurance the Company will be able to continue to raise funds in which case the Company may be unable to meet its obligations. Should the Company be unable to realize economic benefit from its assets and discharge its liabilities in the normal course of business, the net realizable value of assets may be materially less than the amounts recorded on the balance sheets. These financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue as a going concern. The current market conditions and volatility increase the uncertainty of the Company’s ability to continue as a going concern given the need to both curtail expenditures and to raise additional funds. The Company is experiencing, and has experienced, negative operating cash flows. The Company will continue to search for new or alternate sources of financing but anticipates that the current market conditions may impact the ability to source such funds. 3. SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies adopted by the Company are as follows: Generally accepted accounting principles The accompanying unaudited financial statements have been prepared by the Company in conformity with accounting principles generally accepted in the United States of America applicable to interim financial information and with the rules and regulations of the United States Securities and Exchange Commission. Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed, or omitted, pursuant to such rules and regulations. In the opinion of Management, the unaudited interim financial statements include all adjustments necessary for the fair presentation of the results of the interim periods presented. All adjustments are of a normal recurring nature, except as otherwise noted below. These financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended July 31, 2018, included in the Company’s Form 10-K, filed with the Securities and Exchange Commission. The results of operations for the interim periods are not necessarily indicative of the results of operations for any other interim period or for a full fiscal year.

Infitech Ventures Inc. (the “Company”) was incorporated on October 24, 2000 under the Laws of the State of Nevada. The Company intended to develop and market a wax technology relating to the process of solidifying and removing spilled oil on land and water. The Company is currently exploring new business opportunities. All of the Company’s assets are held in Canada.

All amounts are stated in United States dollars unless otherwise noted.

2. GOING CONCERN

These financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America with the on-going assumption that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. However, certain conditions noted below currently exist which raise substantial doubt about the Company’s ability to continue as a going concern.

The operations of the Company have primarily been funded by the issuance of common stock and funding from related parties. Continued operations of the Company are dependent on the Company’s ability to complete equity financings or generate profitable operations in the future. Management’s plan in this regard is to secure additional funds through future equity sales. Such sales may not be available or may not be available on reasonable terms.

There can be no assurance the Company will be able to continue to raise funds in which case the Company may be unable to meet its obligations. Should the Company be unable to realize economic benefit from its assets and discharge its liabilities in the normal course of business, the net realizable value of assets may be materially less than the amounts recorded on the balance sheets. These financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue as a going concern.

The current market conditions and volatility increase the uncertainty of the Company’s ability to continue as a going concern given the need to both curtail expenditures and to raise additional funds. The Company is experiencing, and has experienced, negative operating cash flows. The Company will continue to search for new or alternate sources of financing but anticipates that the current market conditions may impact the ability to source such funds.

3. SIGNIFICANT ACCOUNTING POLICIES

The significant accounting policies adopted by the Company are as follows:

Generally accepted accounting principles

The accompanying unaudited financial statements have been prepared by the Company in conformity with accounting principles generally accepted in the United States of America applicable to interim financial information and with the rules and regulations of the United States Securities and Exchange Commission. Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed, or omitted, pursuant to such rules and regulations. In the opinion of Management, the unaudited interim financial statements include all adjustments necessary for the fair presentation of the results of the interim periods presented. All adjustments are of a normal recurring nature, except as otherwise noted below. These financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended July 31, 2019, included in the Company’s Form 10-K, filed with the Securities and Exchange Commission. The results of operations for the interim periods are not necessarily indicative of the results of operations for any other interim period or for a full fiscal year.

F-6

INFITECH VENTURES INC. NOTES TO THE FINANCIAL STATEMENTS (Expressed in United States Dollars) ~~April~~October 3031, 2019

3.	SIGNIFICANT ACCOUNTING POLICIES (cont’d)
	Use of estimates
	These financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America. The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from these estimates.
	Foreign currency translation
	Transaction amounts denominated in foreign currencies are translated at exchange rates prevailing at transaction dates. Carrying values of monetary assets and liabilities are adjusted at each balance sheet date to reflect the exchange rate at that date. Non-monetary assets and liabilities are translated at the exchange rate on the original transaction date. Gains and losses from restatement of foreign currency monetary assets and liabilities are included in the statements of operations. Revenues and expenses are translated at the rates of exchange prevailing on the dates such items are recognized in the statement of operations.
	Cash and cash equivalents
	The Company considers cash held at banks and all highly liquid investments with original maturities of three months or less to be cash and cash equivalents. At April 30, 2019 and July 31, 2018, the Company did not hold any cash equivalents.
	Accounting for impairment of long-lived assets and for long-lived assets to be disposed of
	Long-lived assets to be held and used by the Company are continually reviewed to determine whether any events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.
	For long-lived assets to be held and used, the Company bases its evaluation on such impairment indicators as the nature of the assets, the future economic benefit of the assets, any historical or future profitability measurements, as well as other external market conditions or factors that may be present. In the event that facts and circumstances indicate that the carrying amount of an asset may not be recoverable and an estimate of future undiscounted cash flows is less than the carrying amount of an asset, an impairment loss will be recognized.
	Contributed executive services
	The Company is required to report all costs of conducting its business. Accordingly, the Company records the fair value of contributed executive services provided to the Company at no cost as compensation expense, with a corresponding increase to additional paid-in capital, in the year in which the services are provided.
	For each of the nine month periods ended April 30, 2019 and 2018 the Company recorded contributed executive services in the amount of $45,000.
	Income taxes
	A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expenses (benefit) result from the net change during the period of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

3. SIGNIFICANT ACCOUNTING POLICIES (cont’d) Critical accounting estimates and judgements

These financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America. The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates, assumptions or apply subjective judgement that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Assumptions, estimates and judgements are based on historical experience, expectations, current trends and other factors that management believes to be relevant at the time at which the Company’s financial statements are prepared. Actual results could differ from these estimates. Estimates and assumptions are reviewed periodically, and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary.

Foreign currency translation

Transaction amounts denominated in foreign currencies are translated at exchange rates prevailing at transaction dates. Carrying values of monetary assets and liabilities are adjusted at each balance sheet date to reflect the exchange rate at that date. Non-monetary assets and liabilities are translated at the exchange rate on the original transaction date. Gains and losses from restatement of foreign currency monetary assets and liabilities are included in the statements of operations. Revenues and expenses are translated at the rates of exchange prevailing on the dates such items are recognized in the statement of operations.

Cash and cash equivalents

The Company considers cash held at banks and all highly liquid investments with original maturities of three months or less to be cash and cash equivalents. At October 31, 2019 and July 31, 2019, the Company did not hold any cash equivalents.

Accounting for impairment of long-lived assets and for long-lived assets to be disposed of

Long-lived assets to be held and used by the Company are continually reviewed to determine whether any events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.

For long-lived assets to be held and used, the Company bases its evaluation on such impairment indicators as the nature of the assets, the future economic benefit of the assets, any historical or future profitability measurements, as well as other external market conditions or factors that may be present. In the event that facts and circumstances indicate that the carrying amount of an asset may not be recoverable and an estimate of future undiscounted cash flows is less than the carrying amount of an asset, an impairment loss will be recognized.

Contributed executive services

The Company is required to report all costs of conducting its business. Accordingly, the Company records the fair value of contributed executive services provided to the Company at no cost as compensation expense, with a corresponding increase to additional paid-in capital, in the year in which the services are provided.

For each of the three month periods ended October 31, 2019 and 2018 the Company recorded contributed executive services in the amount of $15,000.

F-7

INFITECH VENTURES INC. NOTES TO THE FINANCIAL STATEMENTS (Expressed in United States Dollars) ~~April~~October 3031, 2019

3.	SIGNIFICANT ACCOUNTING POLICIES (cont’d)
	Net loss per share
	Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share takes into consideration shares of common stock outstanding (computed under basic net loss per share) and potentially dilutive shares of common stock.
	Recent accounting pronouncements
	In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015- 17”). ASU 2015-17 requires companies to classify all deferred tax assets or liabilities as noncurrent on the balance sheet rather than separately disclosing deferred taxes as current and noncurrent. This standard is effective for the Company beginning on August 1, 2018 and can be applied either prospectively or retrospectively to all periods presented upon adoption. The standard did not have any impact on the Company’s financial statements.
	In January 2016, FASB issued a new standard to amend certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Most prominent among the amendments is the requirement for changes in fair value of equity investments, with certain exceptions, to be recognized through profit or loss rather than other comprehensive income. The new standard is effective for the Company beginning August 1, 2018. The standard did not have any impact on the Company’s financial statements.
	In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities”. This ASU amendment addresses aspects of recognition, measurement, presentation and disclosure of financial instruments. It affects investments in equity securities and the presentation of certain fair value changes for financial liabilities measured at fair value, and simplifies the impairment assessment of equity investments without a readily determinable fair value by requiring a qualitative assessment. The ASU applies to all entities and is effective for annual periods beginning after December 15, 2017, and interim periods thereafter, with early adoption permitted. The standard did not have any impact on the Company’s financial statements.
	On February 25, 2016, the FASB issued ASU No. 2016-02, “Leases”. This ASU applies to public companies beginning January 1, 2019 and affects the requirement that lessees account for all leases – both operating and finance – on the balance sheet while recognizing both an asset for the right to use the leased asset and an obligation to make lease payments over the lease term. The Company is currently evaluating the impact of the adoption of this standard, but does not expect it to have any significant impact on its financials statements.
	There are no other recent accounting pronouncements which are expected to have a material effect on the Company’s financial statements.
4.	CAPITAL STOCK
	Holders of common stock are entitled to one vote for each share held. There are no restrictions that limit the Company's ability to pay dividends on its common stock. The Company has not declared any dividends since incorporation.

3. SIGNIFICANT ACCOUNTING POLICIES (cont’d) Income taxes

The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Current income taxes are recognized for the estimated income taxes payable or receivable on taxable income or loss from the current year and any adjustment to income taxes payable related to previous years. Current income taxes are determined using tax rates and tax laws that have been enacted or subsequently enacted by the year-end date.

A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry forwards. Deferred tax expenses (benefit) result from the net change during the period of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

Net loss per share

Basic net loss per share is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share takes into consideration shares of common stock outstanding (computed under basic net loss per share) and potentially dilutive shares of common stock.

Recent accounting pronouncements

On February 25, 2016, the FASB issued ASU No. 2016-02, “Leases”. This ASU applies to public companies beginning January 1, 2019 and affects the requirement that lessees account for all leases – both operating and finance – on the balance sheet while recognizing both an asset for the right to use the leased asset and an obligation to make lease payments over the lease term. The new standard was effective for the Company beginning August 1, 2019. The standard is not expected to have any impact on the Company’s financial statements.

There are no other recent accounting pronouncements which are expected to have a material effect on the Company’s financial statements.

4. CAPITAL STOCK

Holders of common stock are entitled to one vote for each share held. There are no restrictions that limit the Company's ability to pay dividends on its common stock. The Company has not declared any dividends since incorporation.

F-8

INFITECH VENTURES INC. NOTES TO THE FINANCIAL STATEMENTS (Expressed in United States Dollars) ~~April~~October 3031, 2019

5. RELATED PARTY TRANSACTIONS At April 30, 2019, there is $367,414 (July 31, 2018 - $341,473) due to a director and shareholder of the Company. The amounts are unsecured, non-interest bearing and are due on demand. For each of the nine months ended April 30, 2019 and 2018 the Company accrued rent of $1,800 to a director of the Company. Rent is accrued on a month to month basis. At April 30, 2019 there is $37,800 (July 31, 2018 - $36,000) payable to a related party with respect to rent payable. For each of the nine months ended April 30, 2019 and 2018 there was $45,000 in contributed executive services recorded in additional paid in capital in relation to services of the Company’s sole director. These transactions were in the normal course of operations and were measured at the exchange value which represents the amount of consideration established and agreed to by the related parties. 6. SUPPLEMENTAL CASH FLOW DISCLOSURE During the nine months ended April 30, 2019 and 2018, the Company’s sole director contributed $45,000 as executive services which was recorded as additional paid in capital. 7. FINANCIAL INSTRUMENTS The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are:

•At ~~Level~~October 131, –2019, ~~Unadjusted~~there ~~quoted~~is ~~prices~~$375,632 in(July ~~active~~31, ~~markets~~2019 ~~for~~- ~~identical~~$375,325) ~~assets~~due orto ~~liabilities;~~a •director ~~Level~~and 2shareholder –of ~~Inputs~~the ~~other~~Company. ~~than~~The ~~quoted~~amounts ~~prices that~~ are ~~observable~~unsecured, ~~for~~non-interest ~~the~~bearing ~~asset or liability either directly or indirectly;~~ and ~~• Level 3 – Inputs that~~ are ~~not~~due ~~based~~ on ~~observable market data~~demand.

For each of the three months ended October 31, 2019 and 2018 the Company accrued rent of $600 to a director of the Company. Rent is accrued on a month to month basis. At October 31, 2019 there is $39,000 (July 31, 2019 - $38,400) payable to a related party with respect to rent payable.

For each of the three months ended October 31, 2019 and 2018 there was $15,000 in contributed executive services recorded in additional paid in capital in relation to services of the Company’s sole director.

These transactions were in the normal course of operations and were measured at the exchange value which represents the amount of consideration established and agreed to by the related parties.

6. SUPPLEMENTAL CASH FLOW DISCLOSURE

During the three months ended October 31, 2019 and 2018, the Company’s sole director contributed $15,000 as executive services which was recorded as additional paid in capital.

7. FINANCIAL INSTRUMENTS

The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount.

Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income.

Financial instruments measured at fair value are classified into one of three levels in the fair value hierarchy according to the relative reliability of the inputs used to estimate the fair values. The three levels of the fair value hierarchy are:

• Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;

• Level 2 – Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly; and

• Level 3 – Inputs that are not based on observable market data.

Cash is classified as held for trading, and is measured at fair value using Level 1 inputs. Accounts payable and accrued liabilities, accounts payable and accrued liabilities – related party, and due to related parties are classified as other financial liabilities, and have a fair value approximating their carrying value, due to their short-term nature.

Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

F-9

~~ITEM~~INFITECH 2VENTURES INC. ~~MANAGEMENT’S~~NOTES ~~DISCUSSION~~TO ~~AND~~THE ~~ANALYSIS~~FINANCIAL OFSTATEMENTS ~~FINANCIAL~~(Expressed ~~CONDITION~~in ~~AND~~United ~~RESULTS~~States OFDollars) ~~OPERATIONS.~~October 31, 2019

~~FORWARD-LOOKING~~8 SUBSEQUENT ~~STATEMENTS~~EVENTS

~~Certain~~On ~~statements~~November ~~contained in this Quarterly Report on Form 10-Q constitute "forward-looking statements." These statements~~20, ~~identified by words such as “plan~~2019,” ~~"anticipate,"~~a ~~"believe,"~~loan ~~"estimate,"~~was ~~"should,"~~granted ~~"expect" and~~from ~~similar~~a ~~expressions~~director ~~include our expectations~~ and ~~objectives~~shareholder ~~regarding our future financial position, operating results and business strategy. These statements reflect the current views~~ of management with respect to future events and are subject to risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those described in the ~~forward-looking~~Company ~~statements. Such~~for risks and uncertainties include those set forth under the caption “Part II – Item 1A. Risk Factors” and elsewhere in this Quarterly Report. We do not intend to update the forward-looking information to reflect actual results or changes in the factors affecting such forward-looking information. We advise you to carefully review the reports and documents$3,040 ~~particularly our Annual Reports, our Quarterly Reports and our Current Reports we file from time to time with the United States Securities and Exchange Commission~~ (~~the~~Cdn ~~“SEC”~~$4,000). ~~Copies~~The ofamount ~~all~~is ~~of our~~unsecured, ~~filings~~non-interest ~~with~~bearing ~~the SEC may be accessed by visiting the SEC site (http://www.sec.gov)~~ and ~~performing~~is adue ~~search~~on ~~of our electronic filings~~demand.

~~INTRODUCTION~~On December 2, 2019, a loan was granted from a director and shareholder of the Company for $10,600. The amount is unsecured, non-interest bearing and is due on demand.

The following discussion and analysis summarizes our results of operations for the three and nine months ended April 30, 2019, and changes in our financial condition from July 31, 2018. This discussion should be read in conjunction with the Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10F-~~K for the fiscal year ended July 31, 2018 filed with the SEC on November 7, 2018.~~ 10

~~OVERVIEW~~ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

WeFORWARD-LOOKING ~~were incorporated on October 24, 2000 under the laws of the State of Nevada for the purpose of seeking business opportunities with respect to environmental technologies and products.~~ STATEMENTS

~~Our~~Certain ~~business~~statements ~~revolves~~contained ~~around~~in ~~the~~this ~~development~~Quarterly Report on Form 10-Q constitute "forward-looking statements." These statements, identified by words such as "plan," "anticipate," "believe," "estimate," "should," "expect" and ~~marketing~~similar ofexpressions ~~a proprietary~~include ~~technology~~our ~~(the~~expectations ~~“Wax~~and ~~Technology”)~~objectives ~~that~~regarding ~~uses~~our afuture ~~molten~~financial ~~wax~~position, ~~compound consisting~~operating results and business strategy. These statements reflect the current views of ~~paraffin~~management ~~wax~~with respect to future events and ~~resins~~are subject to ~~control~~risks, ~~clean~~uncertainties and ~~remediate~~other ~~oil~~factors that may cause our actual results, performance or achievements, or industry results, to be materially different from those described in the forward-looking statements. Such risks and ~~other~~ ~~liquid~~uncertainties ~~fuel~~include ~~spills~~those onset ~~land~~forth under the caption "Part II - Item 1A. Risk Factors" and ~~water~~elsewhere in this Quarterly Report. InWe ~~addition,~~do asnot ~~part~~intend ofto ~~our long~~update the forward-~~term~~looking ~~business~~information ~~plan~~to reflect actual results or changes in the factors affecting such forward-looking information. We advise you to carefully review the reports and documents, particularly our Annual Reports, our Quarterly Reports and our Current Reports we ~~intend~~file from time to ~~pursue~~time ~~business~~with ~~opportunities~~the ~~in wastewater~~United ~~treatment~~States ~~solutions~~Securities and Exchange Commission (the "SEC"). Copies of all of our filings with the SEC may be accessed by visiting the SEC site (http://www.sec.gov) and performing a search of our electronic filings.

We continue to require additional financing if we are to continue as a going concern and to finance our business operations. As of April 30, 2019, we had cash on hand of $940. If we are not able to acquire sufficient financing in the near future, our business could fail and investors could lose their investment. INTRODUCTION

~~RESULTS~~The OFfollowing ~~OPERATIONS~~discussion and analysis summarizes our plan of operation for the next twelve months, our results of operations for the three months ended October 31, 2019, and changes in our financial condition from July 31, 2019. This discussion should be read in conjunction with the Management's Discussion and Analysis of Financial Condition and Results of Operations included in our Annual Report on Form 10-K for the fiscal year ended July 31, 2019 filed with the SEC on November 13, 2019.

~~Three and Nine Months Summary~~OVERVIEW

		Nine Months Ended					Percentage			Three Months Ended					Percentage
		April 30,					Increase /			April 30,					Increase /
		2019			2018		(Decrease)			2019			2018		(Decrease)
Revenue	$	-		$	-		n/a		$	-		$	-		n/a
Expenses		(65,671	)		(66,434	)	(1.1	)%		(20,794	)		(19,526	)	6.5%
Net Income (Loss)	$	(65,671	)	$	(66,434	)	(1.1	)%	$	(20,794	)	$	(19,526	)	6.5%

We were incorporated on October 24, 2000 under the laws of the State of Nevada for the purpose of seeking business opportunities with respect to environmental technologies and products.

4Our business revolves around the development and marketing of a proprietary technology (the "Wax Technology") that uses a molten wax compound consisting of paraffin wax and resins to control, clean and remediate oil and other liquid fuel spills on land and water. In addition, as part of our long-term business plan, we intend to pursue business opportunities in wastewater treatment solutions.

~~Revenues~~We continue to require additional financing if we are to continue as a going concern and to finance our business operations. As of October 31, 2019, we had cash on hand of $3,451. If we are not able to acquire sufficient financing in the near future, our business could fail and investors could lose their investment.

WeRESULTS ~~have~~OF not earned any revenues to date and we do not anticipate earning revenue until we have completed commercial development of products incorporating our Wax Technology. We are presently in the development stage of our business and we can provide no assurance that we will be able to complete commercial development or successfully sell or license products incorporating our Wax Technology once development is complete. OPERATIONS

~~Operating~~Three ~~Costs~~Months ~~and Expenses~~Summary

Our operating expenses for the three and nine months ended April 30, 2019 and 2018 consisted of the following:

		Three Months Ended October 31,					Percentage Increase / (Decrease)
		2019			2018		Percentage Increase / (Decrease)
Revenue	$	-		$	-		n/a
Expenses		(21,470	)		(20,601	)	4.2%
Net Loss	$	(21,470	)	$	(20,601	)	4.2%

		Three Months Ended					Percentage			Nine Months Ended					Percentage
		April 30,					Increase /			April 30,					Increase /
		2019			2018		(Decrease)			2019			2018		(Decrease)
Contributed Executive Services	$	15,000		$	15,000		0.0%		$	45,000		$	45,000		0.0%
Office		2,207			2,082		6.0%			7,646			7,193		6.3%
Professional Fees		4,656			4,857		(4.1	)%		13,535			14,211		(4.8	)%
Rent		600			600		0.0%			1,800			1,800		0.0%
Foreign Exchange Loss (Gain)		(1,669	)		(3,013	)	(44.6	)%		(2,310	)		(1,770	)	30.4%
Total	$	20,794		$	19,526		6.5%		$	65,671		$	66,434		(1.1	)%

Revenues

~~Our~~We ~~operating~~have ~~expenses~~not ~~increased~~earned ~~during~~any ~~the~~revenues ~~three~~to ~~months~~date ~~ended April~~and ~~30,~~we ~~2019,~~do ~~primarily~~not asanticipate aearning ~~result~~revenue until we have completed commercial development of aproducts ~~decreased~~incorporating ~~foreign~~our ~~exchange~~Wax ~~gain~~Technology. We ~~The increase~~are presently in ~~operating~~the ~~expenses~~development ~~was~~stage ~~partially~~of ~~offset~~our bybusiness aand ~~decrease~~we ~~in professional~~can ~~fees.~~provide no assurance that we will be able to complete commercial development or successfully sell or license products incorporating our Wax Technology once development is complete

~~Our operating expenses decreased during the nine months ended April 30, 2019. Our operating expenses decreased because we recorded increased foreign exchange gain and decreased professional fees.~~ 4

WeOperating ~~are~~Costs required to report all costs of conducting our business. As such, we have recorded as an expense the fair market value of contributed executive services provided to us at no cost. We recorded contributed executive services of $5,000 per month. These services are provided to us at no charge and a ~~corresponding increase in additional paid-in capital has been recorded.~~Expenses

IfOur weoperating ~~are~~expenses ~~able~~for tothe ~~obtain~~three ~~sufficient~~months ~~financing~~ended toOctober ~~proceed~~31, ~~with our~~2019 ~~plan~~and of2018 ~~operation,~~consisted of ~~which~~the ~~there is no assurance, we expect that our expenses will increase significantly as we engage in product and business development activities.~~following:

LIQUIDITY AND CAPITAL RESOURCES

		Three Months Ended October 31,					Percentage Increase / (Decrease)
		2019			2018		Percentage Increase / (Decrease)
Contributed Executive Services	$	15,000		$	15,000		n/a
Office		1,546			1,502		2.3%
Professional Fees		4,401			4,195		4.9%
Rent		600			600		n/a
Foreign Exchange Gain		(77	)		(696	)	(88.9)%
Total Operating Expenses	$	21,470		$	20,601		4.2%

Working Capital
							Percentage
		At April 30, 2019			At July 31, 2018		Increase / (Decrease)
Current Assets	$	940		$	511		84.0%
Current Liabilities		(412,928	)		(391,828	)	5.4%
Working Capital Deficit	$	(411,988	)	$	(391,317	)	5.3%

During the three months ended October 31, 2019, our operating expenses primarily consisted of accounting expenses, legal expenses and office administration expenses. Our operating expenses for the three months ended October 31, 2019, increased because we recorded a lower foreign exchange gain and there was a increase in both office administration expenses and professional fees.

Cash Flows
		Nine Months Ended April 30,
		2019			2018
Cash Flows (Used In) Operating Activities	$	(26,787	)	$	(24,960	)
Cash Flows (Used In) Investing Activities		-			-
Cash Flows From Financing Activities		27,216			29,791
Net Increase In Cash During Period	$	429		$	4,831

We are required to report all costs of conducting our business. As such, we have recorded as an expense the fair market value of contributed executive services provided to us at no cost. We recorded contributed executive services of $5,000 per month. These services are provided to us at no charge and a corresponding increase in additional paid-in capital has been recorded.

~~Our~~If ~~only~~we ~~sources~~are ofable to obtain sufficient financing ~~for~~to ~~the~~proceed ~~nine~~with ~~month~~our ~~period~~plan ~~ended April~~of 30operation, ~~2019~~of ~~was~~which anthere is no assurance, we expect that our expenses will increase significantly as we engage in ~~amounts~~product ~~due~~and tobusiness ~~related~~development ~~parties~~activities.

~~Our~~LIQUIDITY ~~plan~~AND ofCAPITAL operation calls for us to spend significantly more than our current capital resources or the amount of financing that we have been able to obtain to date. As such, there is a substantial doubt that we will be able to raise significant financing to complete our stated plan of operation. Any substantial financing that we are able to obtain is expected to be in the form of equity financing. RESOURCES

ToWorking date, we have relied on short term loans from our sole executive officer and director and private placement sales of our equity securities in order to finance our ongoing activities and to meet our outstanding financial obligations. There is no assurance that we will be able to continue to obtain financing from these sources in the future. Our sole executive officer and director could refuse to provide us with any additional financing and we may not be able to find suitable investors willing to purchase our equity securities. If we are unable to obtain financing, our business could fail and shareholders could lose some or all of their investment. Capital

OFF-BALANCE SHEET ARRANGEMENTS

		At October 31, 2019			At July 31, 2019		Percentage Increase / (Decrease)
Current Assets	$	3,451		$	4,421		(21.9)%
Current Liabilities		(438,442	)		(432,942	)	1.3%
Working Capital Deficit	$	(434,991	)	$	(428,521	)	1.5%

WeCash have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders. Flows

CRITICAL ACCOUNTING POLICIES

		Three Months Ended October 31,
		2019			2018
Cash Flows (Used In) Operating Activities	$	(1,354	)	$	(150	)
Cash Flows From Financing Activities		384			-
Net Increase (Decrease) In Cash During Period	$	(970	)	$	(150	)

~~The~~Our ~~financial~~plan ~~statements~~of ~~presented~~operation ~~with~~calls ~~this~~for ~~Quarterly~~us ~~Report have~~to ~~been~~spend ~~prepared~~significantly inmore ~~accordance~~than ~~with~~our ~~generally~~current ~~accepted~~capital ~~accounting~~resources ~~principles in~~or the ~~United~~amount ~~States~~ of ~~America~~financing ~~for~~that ~~interim~~we ~~financial~~have ~~information.~~been ~~These financial~~able ~~statements~~to doobtain ~~not~~to ~~include all information and footnote disclosures required for an annual set of financial statements prepared under United States generally accepted accounting principles~~date. InAs ~~the opinion of our management~~such, ~~all adjustments~~there ~~(consisting~~is ~~solely of normal recurring accruals) considered necessary for~~ a ~~fair~~substantial ~~presentation~~doubt ofthat ~~the~~we ~~financial~~will ~~position,~~be ~~results~~able ~~of operations~~to ~~and~~raise ~~cash~~significant ~~flows~~financing asto atcomplete ~~April~~our ~~30,~~stated ~~2019,~~plan ~~and~~of ~~for all periods presented in the attached financial statements, have been included~~operation. ~~Interim~~Any ~~results~~substantial ~~for~~financing ~~the quarter~~that ~~ended~~we ~~April 30, 2019~~ are ~~not~~able ~~necessarily~~to ~~indicative~~obtain ofis ~~the~~expected ~~results~~to ~~that may~~ be ~~expected~~in ~~for~~ the ~~fiscal~~form ~~year~~of asequity ~~a whole~~financing.

We have identified certain accounting policies, described below, that are most important to the portrayal of our current financial condition and results of operations. Our significant accounting policies are disclosed in the notes to the interim financial statements included with this Quarterly Report.5

~~Foreign~~Subsequent ~~Currency~~to ~~Translation~~the three months ended October 31, 2019, we received loans of $13,640 from Paul G. Daly, our sole director and executive officer. The loans are unsecured, non-interest bearing and due on demand.

Transaction amounts denominated in foreign currencies are translated at exchange rates prevailing at transaction dates. Carrying values of monetary assets and liabilities are adjusted at each balance sheet date to reflect the exchange rate at that date. NonOFF-~~monetary~~BALANCE ~~assets~~SHEET and liabilities are translated at the exchange rate on the original transaction date. Gains and losses from restatement of foreign currency monetary assets and liabilities are included in the consolidated statements of operations. Revenues and expenses are translated at the rates of exchange prevailing on the dates such items are recognized in the statement of operations. ARRANGEMENTS

6We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

~~Contributed~~CRITICAL ~~Executive~~ACCOUNTING ~~Services~~POLICIES

WeThe ~~are~~financial ~~required~~statements topresented ~~report~~with this Quarterly Report have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information. These financial statements do not include all ~~costs~~information and footnote disclosures required for an annual set of ~~conducting~~financial ~~our~~statements ~~business~~prepared under United States generally accepted accounting principles. ~~Accordingly~~ In the opinion of our management, weall ~~record~~adjustments ~~the~~(consisting solely of normal recurring accruals) considered necessary for a fair ~~value~~presentation of ~~contributed~~the ~~executive~~financial ~~services~~position, ~~provided to~~results usof atoperations noand ~~cost~~cash flows as ~~compensation~~at ~~expense~~October 31, ~~with~~2019, aand ~~corresponding~~for ~~increase~~all ~~to additional~~periods ~~paid-~~presented in ~~capital~~the attached financial statements, inhave ~~the~~been ~~year~~included. Interim inresults ~~which~~for the ~~services~~three months ended October 31, 2019 are ~~provided~~not necessarily indicative of the results that may be expected for the fiscal year as a whole.

Foreign Currency Translation

Contributed Executive Services

We are required to report all costs of conducting our business. Accordingly, we record the fair value of contributed executive services provided to us at no cost as compensation expense, with a corresponding increase to additional paid-in capital, in the year in which the services are provided.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not Applicable.

ITEM 4. CONTROLS AND PROCEDURES.

Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rules 13a-15(e) and 15(d)-15(e) as of ~~April~~October 3031, 2019 (“"Evaluation Date”"). Based upon that evaluation our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of the Evaluation Date as a result of the material weaknesses in internal control over financial reporting discussed in our Annual Report on Form 10-K for the year ended July 31, ~~2018~~2019 (the ~~“2018~~"2019 Annual Report”").

Notwithstanding the assessment that our internal controls over financial reporting were not effective and that there were material weaknesses as identified in our 2018 Annual Report, we believe that our financial statements contained in our Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2019 report fairly present our financial condition, results of operations and cash flows in all material respects.6

Notwithstanding the assessment that our internal controls over financial reporting were not effective and that there were material weaknesses as identified in our 2019 Annual Report, we believe that our financial statements contained in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2019 fairly present our financial condition, results of operations and cash flows in all material respects.

Changes in Internal Controls

There were no changes in our internal control over financial reporting during the fiscal quarter ended ~~April~~October 3031, 2019 that have materially affected, or that are reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

We are not a party to any other legal proceedings and, to our knowledge,; no other legal proceedings are pending, threatened or contemplated.

ITEM 1A. RISK FACTORS.

The following are some of the important factors that could affect our financial performance or could cause actual results to differ materially from estimates contained in our forward-looking statements. We may encounter risks in addition to those described below. Additional risks and uncertainties not currently known to us, or that we currently deem to be immaterial, may also impair or adversely affect our business, financial condition or results of operation.

Need For Financing

We do not currently have the financial resources to complete our plan of operation for the next twelve months. We anticipate that we will require financing in the amount of $750,000 in order to fund our plan of operation over the next twelve months. We presently do not have ~~any~~ sufficient financing arrangements in place and there is no assurance that we will be able to obtain sufficient financing on terms acceptable to us or at all. If further financing is not available, our ability to meet our financial obligations and pursue our plan of operation will be substantially limited. If we are not able to meet our financial obligations as they come due, our business could fail and investors could lose a substantial portion or all of their investment.

Limited Operating History, Risks Of A New Business Venture

We were incorporated on October 24, 2000 and, prior to our acquisition of the Wax Technology, we had been involved primarily in organizational activities and in seeking business opportunities related to environmental technologies and products. We have not earned any revenues to date.

Potential investors should be aware of the difficulties normally encountered by a new enterprise and the high rate of failure of such enterprises. The potential for future success must be considered in light of the problems, expenses, difficulties complications and delays encountered in connection with the development of a business in the area in which we intend to operate and in connection with the formation and commencement of operations of a new business in general. These include, but are not limited to, unanticipated problems relating to research and development programs, marketing, approvals by government agencies, competition and additional costs and expenses that may exceed current estimates. There is no history upon which to base any assumption as to the likelihood that our business will prove successful, and there can be no assurance that we will generate any operating revenues or ever achieve profitable operations.

Our Operations Will Be Subject To Extensive Government Regulations

Our operations will be subject to extensive government regulations in the United States, Canada and in other countries in which we may operate. In order to sell our anticipated products, we may be required to obtain a number of regulatory approvals at the federal, state and local level, including the approval of the U.S. Environmental Protection Agency and Environment Canada. We may incur material costs or liabilities in obtaining such approvals and/or complying with applicable laws and regulations. Furthermore, our potential customers may be required to comply with numerous laws and regulations when engaging in environmental remediation activities. There can be no assurance that we will be able to successfully comply with all present or future government regulations. An inability to obtain necessary regulatory approvals or the imposition of onerous conditions on the use of our anticipated products will have a materially adverse effect on us, our business and our financial condition.

Our Business Operations, Assets and Personnel Are Located Outside The United States

Although we are incorporated in the United States, all of our current operating activities are conducted in, and all of our assets and personnel are located in, Canada. As such, investors in our securities may experience difficulty in enforcing judgments or liabilities against the Company or our personnel under United States securities laws.

As a Nevada corporation, we are subject to the laws of the United States, including the federal securities laws of the United States, and to the jurisdiction of United States courts. As such, investors may bring proceedings against us, and enforce judgments obtained against us, in United States courts.

Generally, original actions to enforce liabilities under United States federal securities laws may not be brought in a Canadian court. Such actions must be brought in a court in the United States with applicable jurisdiction. Persons obtaining judgments against us in United States courts, including judgments obtained under United States federal securities laws, will then be required to bring an application in a Canadian court to enforce such judgments in Canada.

Competition Is Intense And We May Be Unable To Achieve Market Acceptance

The business environment in which we intend to operate is highly competitive. Currently, there exist a number of established methods, products and technologies used to control, clean and remediate oil spills and we expect to experience competition from a number of established companies involved in the environmental remediation industry. Certain of our potential competitors will have greater technical, financial, marketing, sales and other resources than us.

In addition, while the environmental remediation industry is a mature one, there is no established market for products utilizing our Wax Technology. We are unable to provide assurances that our target customers and markets will accept our technologies or will purchase our products and services in sufficient quantities to achieve profitability. If a significant market fails to develop or develops more slowly than we anticipate, we may be unable to recover the losses incurred to develop products and we may be unable to meet our operational expenses. Acceptance of our anticipated products by environmental remediation firms and other organizations will depend upon a number of factors, including the cost competitiveness of our products, customer reluctance to try new products or services, regulatory requirements or the emergence of more competitive or effective products.

Asserting And Defending Intellectual Property Rights May Impact The Results Of Our Operations

We had applied for a patent from the ~~Canadian Intellectual Property Office (the “~~CIPO”), however, we did not receive a final grant of patent from the CIPO, and we have decided to abandon our patent application at this time. As patent applications are publicly available documents, competitors may be able to copy the formulations set out in our patent application. Due to our limited financial resources, we do not expect to apply for patent protection for any new developments that we make to the Wax Technology. As a result, in order to protect future developments, we will need to maintain the secrecy of our formulations and the methods we use. If we are unable to maintain the secrecy of those developments, then competitors may be able to copy our formulations and methodology, which would have a material adverse effect on our business.

Dependence On Key Personnel

Our success will largely depend on the performance of our directors and officers and our key consultants. Our success will also depend on our ability to attract and retain highly skilled technical, research, management, regulatory compliance, sales and marketing personnel. Competition for such personnel is intense. The loss of the services of such personnel or the inability to attract and retain other key personnel could impair the development of our business, operating results and financial condition.

Our Stock is a Penny Stock

Because our stock is a penny stock, shareholders will be more limited in their ability to sell their stock. The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00, other than securities registered on certain national securities exchanges or quoted on the Nasdaq system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or quotation system. Because our securities constitute “"penny stocks” " within the meaning of the rules, the rules apply to us and to our securities. The rules may further affect the ability of owners of shares to sell our securities in any market that might develop for them. As long as the trading price of our common stock is less than $5.00 per share, the common stock will be subject to Rule 15g-9 under the Exchange Act. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the SEC, that:

1. contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; 2. contains a description of the broker’s or dealer’s duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of securities laws; 3. contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price; 4. contains a toll-free telephone number for inquiries on disciplinary actions; 5. defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and

92. contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation to such duties or other requirements of securities laws;

3. contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price;

4. contains a toll-free telephone number for inquiries on disciplinary actions;

5. defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and

6. contains such other information and is in such form, including language, type, size and format, as the SEC shall require by rule or regulation.

The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with: (a) bid and offer quotations for the penny stock; (b) the compensation of the broker-dealer and its salesperson in the transaction; (c) the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and (d) a monthly account statements showing the market value of each penny stock held in the customer’'s account. In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’'s written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitably statement. These disclosure requirements may have the effect of reducing the trading activity in the secondary market for our stock.

~~ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.~~9

~~None~~ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

~~ITEM 3~~None. ~~DEFAULTS UPON SENIOR SECURITIES.~~

~~None~~ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

~~ITEM 4~~None. ~~MINE SAFETY DISCLOSURES.~~

~~None~~ITEM 4. MINE SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

The following exhibits are either provided with this Quarterly Report or are incorporated herein by reference:

Exhibit Number	Description of Exhibit
3.1	Articles of Incorporation.
3.2	Bylaws.
4.1	Specimen Common Stock Certificate.
10.1	Technology Transfer Agreement dated May 6, 2004 between William Ernest Nelson and Infitech Ventures Inc.
10.2	Receipt and Acknowledgement of William Ernest Nelson dated February 5, 2005.
10.3	Form of Promissory Note.
14.1	Code of Ethics.
31.1	Certification of Chief Executive Officer and Chief Financial Officer as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer and Chief Financial Officer as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase.
101.DEF	XBRL Taxonomy Extension Definition Linkbase.
101.LAB	XBRL Taxonomy Extension Label Linkbase.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase.

1110

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			INFITECH VENTURES INC.	~~INFITECH VENTURES INC.~~
Date:	~~June~~December 1913, 2019	By:	~~By:~~/s/ Paul G. Daly	~~/s/ Paul G. Daly~~
			PAUL G. DALY	~~PAUL G. DALY~~
				Chief Executive Officer, Chief Financial Officer
			Chief Executive Officer, Chief Financial Officer President, Secretary and Treasurer
				President, Secretary and Treasurer
			(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)
				(Principal Executive Officer, Principal Financial Officer
				and Principal Accounting Officer)

1211

Filing Compare · INFITECH VENTURES INC