Welcome to our dedicated page for Muscle Maker news (Ticker: gril), a resource for investors and traders seeking the latest updates and insights on Muscle Maker stock.
Muscle Maker, Inc. (Nasdaq: GRIL) operates at the intersection of global food supply logistics and health-conscious dining through its Sadot LLC commodity trading division and MMI Restaurant Group. This centralized news hub provides stakeholders with essential updates spanning financial performance, strategic partnerships, and operational expansions across both business units.
Investors and industry observers will find authoritative coverage of earnings developments, supply chain initiatives, and sustainability progress. Regular updates include Sadot's international commodity trading milestones, MMI's franchise growth in the 'healthier-for-you' segment, and corporate governance changes impacting long-term strategy.
The curated news feed features critical updates on North American market expansions, commodity portfolio diversification, and financial optimizations like recent expense restructuring agreements. Content maintains focus on verifiable operational achievements while excluding speculative analysis.
Bookmark this page for streamlined access to Muscle Maker's evolving position in global food markets. Check back regularly updated coverage of commodity trading volumes, restaurant network growth, and sustainability leadership under the guidance of specialized board members.
Muscle Maker, Inc. (Nasdaq: GRIL) is enhancing its subsidiary Pokemoto through a three-store agreement in Hampshire County, Massachusetts. This deal expands Pokemoto's footprint by 21%, targeting the millennial and Gen-Z demographics in collegiate areas. Since its acquisition three months ago, Muscle Maker aims to boost revenue with Pokemoto’s health-focused offerings. The brand emphasizes low costs and operational efficiency, appealing to potential franchisees. The expansion reflects Muscle Maker's strategy to integrate dual brands and accelerate sales growth.
Muscle Maker, Inc. (NASDAQ: GRIL) has announced a partnership with Snackpass, a social e-commerce platform, to enhance its digital presence and drive sales for its poke chain, Pokemoto. This collaboration will implement a smartphone app, online ordering, self-service kiosks, and targeted marketing to attract college students near its locations. Snackpass boasts an impressive 80% adoption rate on campuses, giving Pokemoto a significant advantage as it aims to expand further through corporate locations and franchise opportunities.
On May 18, 2021, Muscle Maker, Inc. (GRIL) announced its acquisition of Pokemoto™, expanding its portfolio of healthier meal options. This move marks Muscle Maker's second major acquisition in 2021, following SuperFit Foods. Pokemoto operates thirteen locations in four states and has shown resilience during the pandemic, posting slight revenue growth. The deal is expected to boost Muscle Maker's revenue by 81%, increasing from $4.47 million to $8.12 million. With additional franchise agreements and operational efficiencies anticipated, Muscle Maker aims to enhance its growth trajectory.
Muscle Maker, Inc. (GRIL) announced it will begin accepting bitcoin as a payment option, enhancing the customer experience and aligning with digital trends. The rollout will start with initial franchise fees for new franchisees, progressing to online subscriptions for Superfit Foods, and eventually for everyday food purchases. CEO Michael Roper emphasized that accepting bitcoin meets the demands of health-conscious millennials. This strategy aims to promote healthy eating through innovative payment methods.
Muscle Maker, Inc. (Nasdaq: GRIL) is adapting to post-COVID changes by focusing on non-traditional growth strategies, including ghost kitchens and meal prep delivery. The company recently built four university locations to leverage student demand and completed a $10 million private placement to facilitate acquisitions. Their first acquisition, Superfit Foods, shows promise with consistent revenue growth. With a strong strategy targeting healthier meal delivery, Muscle Maker aims to expand its market share effectively.
Muscle Maker (Nasdaq: GRIL) announced a private placement agreement with a U.S. institutional investor involving the sale of 1,250,000 shares of common stock and 2,865,227 pre-funded warrants. The offered shares and warrants are priced at $2.43 and $2.42, respectively. The transaction is anticipated to close around April 9, 2021, subject to regulatory approvals. This funding aims to support Muscle Maker's growth strategy and the recent acquisition of Superfit Foods. The company will register these securities with the SEC for resale.
Muscle Maker, Inc. (GRIL) has acquired Superfit Foods, LLC, a meal prep service based in Florida, known for producing over 220,000 meals in 2020. This acquisition supports Muscle Maker's strategy to expand its non-traditional growth model by leveraging Superfit's subscription-based meal service. Superfit Foods allows customers to pick up meals from partner gyms and wellness centers, enhancing convenience. The meal kit delivery market is projected to grow significantly, positioning Muscle Maker for future expansion. The specifics of the acquisition will be disclosed in an upcoming filing.
Muscle Maker, Inc. (GRIL) announced the launch of Burger Joe’s, adding to its fast-casual dining portfolio in 2021. This new brand will feature healthier and cheat-day burger options, served with fries. Initial locations include Healthy Joe’s and Muscle Maker Grill in NYC, with plans to expand to ghost kitchens in Chicago and Philadelphia. Utilizing existing ingredients and infrastructure, this initiative is expected to enhance audience reach with minimal costs, aligning with the company’s growth strategy.
Muscle Maker, Inc. (GRIL) has launched MuscleMakerPrep.com, enabling customers to order ready-made, healthier meals delivered to their doorsteps. The initial launch in NYC's Chelsea neighborhood allows orders within a 250-mile radius. This initiative supports the company's strategy to reach consumers through diverse methods, including military bases and universities. The meal options include wraps, bowls, pastas, and special dietary categories. The company also offers a 15% discount for first-time orders as it expands its market reach.
Muscle Maker, Inc. (GRIL) has launched its second ghost kitchen in Philadelphia's Girard neighborhood, following the success of its Fairmount location. This new kitchen will serve meals from multiple brands, including Muscle Maker Grill and Healthy Joe’s, targeting local students and corporate customers through popular delivery platforms. The company plans to expand by adding five new brands in the Chicago market within 30 days, aiming to enhance sales and market presence. CEO Michael Roper emphasizes the advantages of ghost kitchens in launching diverse food concepts efficiently.
