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Shivani Kumaresan

Muscle Maker's Pokemoto Inks Five New Franchise Agreements For Rhode Island

Rhode Island GRIL Muscle Maker Inc Nasdaq Florida Maryland Virginia

Muscle Maker Inc (NASDAQ:GRIL) has signed five new Pokemoto franchise agreements for Rhode Island.
The additional agreements will bring the total Pokemoto eateries count to six in Rhode Island.
The Pokemoto real estate and development teams will work in tandem with the local franchise partners to develop the market.
"When these units are fully implemented, along with previously opened locations in Virginia, Maryland and Florida, this will represent a 338% growth rate since the acquisition of Pokemoto in May 2021," said CEO Michael Roper.
The Pokemoto Hawaiian Poke brand has signed 37 new franchise agreements since November 2021.
Price Action: GRIL shares are trading higher by 2.16% at $0.52 on the last check Tuesday.

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