Inactive Instrument

Generation Next Franchise Brands, Inc.

VEND

US37148W1045

Motion for Asset Sale Approved for Generation Next Franchise Brands, Inc.

March 19, 2020 at 12:00 am EDT

The US Bankruptcy Court gave an order approving the sale of its certain assets of Generation Next Franchise Brands, Inc., on March 19, 2020. The debtor has been authorized to sell its certain assets to Genext Loan, LLC for a purchase price of $1.91 million. At the auction held, Genext Loan, LLC emerged as the winning bidder by offering a purchase price of $1.91 million.

Latest news about Generation Next Franchise Brands, Inc.

Motion for Asset Sale Approved for Generation Next Franchise Brands, Inc.	20-03-19	CI
Genext Loan, LLC entered into asset purchase agreement to acquire Certain Assets of Generation Next Franchise Brands, Inc. for $1.9 million.	20-03-18	CI
Motion for Asset Sale Filed by Generation Next Franchise Brands, Inc.	20-03-07	CI
Motion For Case Conversion Approved for Generation Next Franchise Brands, Inc.	20-01-24	CI
Motion for Case Conversion or Alternatively Dismissal Filed for Generation Next Franchise Brands, Inc.	20-01-22	CI
Motion for Case Conversion Filed by Generation Next Franchise Brands, Inc.	20-01-21	CI
Motion for Asset Sale Filed by Generation Next Franchise Brands, Inc.	20-01-06	CI
Interim DIP Financing Approved for Generation Next Franchise Brands, Inc.	19-12-26	CI
Motion for Joint Administration Approved for Generation Next Franchise Brands, Inc.	19-12-22	CI
Generation Next Franchise Brands, Inc. Announces Board Resignations	19-12-18	CI
Motion for Joint Administration Filed by Generation Next Franchise Brands, Inc.	19-12-15	CI
Generation Next Franchise Brands, Inc. Filed for Bankruptcy	19-12-15	CI
Fresh Healthy Vending International, Inc. Reports Earnings Results for the Full Year Ended June 30, 2019	19-10-16	CI
Generation Next Franchise Brands, Inc. Announces Board Changes	19-10-09	CI
Generation Next Franchise Brands, Inc. Appoints Ryan Polk to its Board of Directors	19-10-07	CI
Generation Next Franchise Brands, Inc. Provides Revenue Guidance for the Fiscal Year 2020	19-09-19	CI
Generation Next Franchise Brands, Inc. Appoints Thomas McChesney to the Board of Directors	19-09-06	CI
Generation Next Franchise Brands, Inc. has Changed its Name to Generation Next	19-08-16	CI
Generation Next Franchise Brands, Inc. Announces Executive Changes, Effective September 1, 2019	19-08-08	CI
Generation Next Franchise Brands, Inc. Announces Revenue Results for the Month of June and Year 2019	19-07-02	CI
Generation Next Franchise Brands, Inc. announced that it has received $0.25 million in funding	19-06-13	CI
Generation Next Franchise Brands, Inc. announced a financing transaction	19-06-05	CI
Generation Next Franchise Brands, Inc. Announces Revenue Results for the Month of May 2019; Provides Revenue Guidance for the Fourth Quarter and Year Ending June 30, 2019	19-06-05	CI
Generation Next Franchise Brands, Inc. Reiterates Revenue Guidance for the Full Year 2019	19-05-20	CI
Generation Next Franchise Brands, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2019	19-05-15	CI

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Company Profile

Generation NEXT Franchise Brands, Inc. formerly Fresh Healthy Vending International, Inc., is a franchise development company and operator of Company-owned vending machines, micro markets and frozen yogurt robots. The Company provides a portfolio of fresh, organic and all-natural snacks and drinks. The micro market provides fresh full meal options, such as salads, sandwiches and wraps. The micro market is designed for implementation in corporate environments, hotel lobbies, auto dealerships and other retail environments. The Company is focused on setting up national distribution partners to carry the consumable products required for the frozen yogurt robots. It outsources non-core functions to third-party vendors. Its services include machine manufacturing, transport, location set-up, maintenance, inventory, food management and ordering, payment processing and cash management. As of June 30, 2016, the Company and its franchisees operated over 3,000 vending machines and micro markets.

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Food Retail & Distribution

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