Muscle Maker, Inc. owns, operates, and franchises Muscle Maker Grill and Healthy Joe's restaurants under the Muscle Maker Grill name. The company operates a fast-casual restaurant that specializes in preparing healthy-inspired, made-to-order lean, and protein-based meals, including chicken, seafood, pasta, hamburger, wrap, and flat bread, as well as entrée salads and sides, protein shakes, and fruit smoothies. It also operates under the Meal Plan AF, Muscle Maker Burger Bar, Bowls Deep, Burger Joe's, Wrap It Up, Salad Vibes and Gourmet Sandwich brand names. In addition, the company offers Muscle Maker meal prep/plans to consumers via direct- to-consumer through musclemakerprep.com. As of December 31, 2020, it had sixteen company-owned and sixteen franchised restaurants located in the United States and Kuwait. The company was incorporated in 2014 and is headquartered in League City, Texas.
IPO Year: 2020
Exchange: NASDAQ
Website: musclemakergrill.com
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FORT WORTH, TX / ACCESSWIRE / July 26, 2023 / Muscle Maker Inc. (NASDAQ:GRIL) ("MMI" or the "Company"), today announced its corporate rebranding from MMI to Sadot Group Inc. effective July 27, 2023. The Company's stock ticker symbol will change from "GRIL" to "SDOT" on the Nasdaq stock exchange, and trading under the new stock ticker symbol will commence on July 27. Holders of common stock are not required to exchange current outstanding stock certificates for new stock certificates.The parent company name change was initiated by the Company's strategic pivot into the global agri-food supply chain industry. Since the pivot in November 2022, the company has delivered consistent results. As of
Sadot Crosses $500 Million Total Revenue MilestoneFORT WORTH, TX / ACCESSWIRE / July 24, 2023 / Muscle Maker Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced that Sadot LLC, a wholly-owned subsidiary, crossed the $500 million total revenue since inception milestone by achieving top line revenue of over $45.7 million for the month of June 2023. The announcement marks the eighth consecutive month in which top line revenue has exceeded $45 million and shows continued success of Sadot LLC with total revenue since inception in November 2022 of over $515 million."I am thrilled to announce another remarkable milestone. Achieving top line revenue of over $45.7 million for the month of June 2
New Agreement to Reduce Expenses Related to Stock Issuance and Enhance Profit PotentialFORT WORTH, TX / ACCESSWIRE / July 18, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has amended its current Services Agreement with AGGIA LLC FZ. The new addendum, among other features, modifies the formula by which MMI will issue shares of common stock earned by AGGIA for net income generated through MMI's Sadot division from 80% of net income to 40% of net income. The overall intended effect will be to reduce, by 50%, the quarterly non-cash expenses related to stock issuances to AGGIA, streamline the reporting processes and is expected to have a favorable impact the Co
FORT WORTH, TX / ACCESSWIRE / June 26, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL), (the "Company" or "MMI"), is proud to announce its addition to the Russell Microcap® Index, effective after the US market opens on June 26, 2023. The Company believes the addition to the Russell Microcap® index reflects the progress and strategic advancements made by the Company as it continues its planned transformation into the global food supply chain. This recognition comes on the heels of MMI's financial performance, highlighted by an over 7000% year-over-year top line revenue growth in the first quarter of 2023 versus the first quarter of 2022.During the past 12 months, MMI's share price appreciated approxi
FORT WORTH, TX / ACCESSWIRE / June 22, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL), (the "Company" or "MMI"), is pleased to announce that its subsidiary, Sadot LLC ("Sadot"), has expanded its agri-commodity sourcing and trading operations into North, Central and South America, further diversifying the Company's geographic reach beyond its existing operations in Europe, Asia, the Middle East and Africa.The expansion was facilitated by a strategic agreement between Sadot's agri-food operations and newly-formed Buenaventura Trading LLC ("Buenaventura") based in Miami FL. Buenaventura's team brings a wealth of experience and exposure to new trade routes throughout the Americas by adding multiple sou
FORT WORTH, TX / ACCESSWIRE / June 14, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named Dr. Ahmed Khan to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Dr. Khan is the third nomination to be named of the final three board member seats.Dr. Khan brings more than 15 years of background in research and development (R&D) and operations, with experience in various sectors, including sustainability in the form of waste management and the automotive areas. Most recently, Khan led
FORT WORTH, TX / ACCESSWIRE / June 13, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named David Errington to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Mr. Errington is the second nomination to be named of the final three board member seats.Errington brings more than 20 years of experience in Sustainability and Environmental Sector with 13 years regional expertise in the Gulf Cooperation Council, including KSA, Bahrain, Qatar, Kuwait, UAE and Oman. In his most recent rol
FORT WORTH, TX / ACCESSWIRE / June 12, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named David Errington to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Mr. Errington is the second nomination to be named of the final three board member seats.Errington brings more than 20 years of experience in Sustainability and Environmental Sector with 13 years regional expertise in the Gulf Cooperation Council, including KSA, Bahrain, Qatar, Kuwait, UAE and Oman. In his most recent rol
FORT WORTH, TX / ACCESSWIRE / June 9, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named Mark McKinney to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Mr. McKinney is the first nomination to be named of the final three board member seats.McKinney brings more than 30 years of domestic and international C-Level experience across various industries, six countries and three continents. Most recently, McKinney served as Chief Operating Officer of Local Bounti, a leading Ag-tech
Sadot LLC Contributed Total of $418 Million in RevenueFORT WORTH, TX / ACCESSWIRE / June 8, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced its Sadot LLC subsidiary has crossed the key net income milestone of $9.9 Million allowing the nomination of the final three new board of director members.As disclosed in an 8K filing on November 18, 2022, MMI and its wholly-owned subsidiary, Sadot LLC, entered into a service agreement whereby Sadot engaged Aggia LLC FZ to perform services related to the purchase of and sale of physical food commodities. Upon Sadot generating certain net income targets, Aggia has the right to nominate up to eight directors and would be issue
FORT WORTH, TX / ACCESSWIRE / June 14, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named Dr. Ahmed Khan to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Dr. Khan is the third nomination to be named of the final three board member seats.Dr. Khan brings more than 15 years of background in research and development (R&D) and operations, with experience in various sectors, including sustainability in the form of waste management and the automotive areas. Most recently, Khan led
FORT WORTH, TX / ACCESSWIRE / June 12, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named David Errington to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Mr. Errington is the second nomination to be named of the final three board member seats.Errington brings more than 20 years of experience in Sustainability and Environmental Sector with 13 years regional expertise in the Gulf Cooperation Council, including KSA, Bahrain, Qatar, Kuwait, UAE and Oman. In his most recent rol
Continuing Transformation from a Consumer-Focused Restaurant Company into a Global, Food-Focused Organization Drives Income GrowthFORT WORTH, TX / ACCESSWIRE / April 11, 2023 / Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced the appointment of Mr. Paul Sansom and Mr. Marvin Yeo to its Board of Directors, effective April 10, 2023.As disclosed in an 8K filing on November 18, 2022, MMI and its wholly-owned subsidiary, Sadot LLC, entered into a service agreement whereby Sadot engaged Aggia LLC FZ to perform services related to the purchase of and sale of physical food commodities. Upon Sadot generating certain net income targets, Aggia has the right to nominate up to eight
Sadot Exceeded Initial $3.3 Million Net Income Performance Milestone (Unaudited) as of December 31, 2022 Milestone Triggered Appointment of Two New Board Members Effective March 1, 2023 – Hannah Oh, Ray Shankar Forth Worth, Texas, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Muscle Maker, Inc. (NASDAQ:GRIL), ("the Company"), today announced its new wholly owned subsidiary, Sadot LLC ("Sadot"), has crossed the $200 million revenue milestone in its first 3 months of operation. Sadot generated $58,517,750 in revenue in January 2023. Sadot, in its first three months of operation, has now generated $209,103,394 in total revenue for Muscle Maker, Inc. With over $200 million in revenue in on
Fort Worth, Texas, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Muscle Maker, Inc. (Nasdaq: GRIL), ("the Company"), today announced the appointment of Ms. Hannah Oh and Mr. Ray Shankar to its Board of Directors effective March 1, 2023. "I am very pleased to welcome Ms. Oh and Mr. Shankar as new Board members," commented Mr. Michael Roper, CEO of Muscle Maker, Inc. "Both individuals bring a wealth of experience and expertise in their fields and will be a tremendous asset as we continue to advance the Company's new growth phase that has brought our Sadot subsidiary across the $150 million revenue milestone in its first 60 days of operation in Q4, 2022." Hannah Oh is currently the Head of Mark
FORT WORTH, TX / ACCESSWIRE / June 1, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL), (the "Company"), today announced that it has achieved top line revenue of over $58.9 million for the month of April 2023. This revenue announcement marks the achievement of six consecutive months above $50 million revenue for the company and demonstrates continued success of Sadot LLC, its wholly owned subsidiary, with a total revenue since inception in November 2022 of over $418 million."April's results reflect our continued growth in the global supply chain of Agri-commodities," stated Michael Roper, CEO. "Sadot's continues to generate significant top line contribution and increasing exposure to the global marke
Revenue Rises to $213 Million From $3 MillionAdjusted EBITDA Rises to $2.4 Million vs. Loss in Prior YearFORT WORTH, TX / ACCESSWIRE / May 10, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL) ("Muscle Maker", "GRIL" or the "Company"), a global agricultural-commodity supply chain and emerging growth stage restaurant company, today announced its first quarter results ending March 31, 2023. Chief Executive Officer, Michael Roper and Chief Financial Officer, Jennifer Black will host a conference call at 5 pm Eastern Daylight Time on May 10, 2023, to discuss the results. All interested parties are invited to join this call. The Q1 2023 financial statements for the quarter ended March 31, 2023, are availab
FORT WORTH, TX / ACCESSWIRE / May 8, 2023 / Muscle Maker, Inc. (NASDAQ:GRIL) ("Muscle Maker", "GRIL" or the "Company"), a global agricultural-commodity supply chain and emerging growth stage restaurant company, today announced that the Company plans to file and host an associated conference call on Wednesday May 10th, 2023, at 5:00 PM Eastern Daylight Time to discuss the results for the quarter ending March 31, 2023 with its Chief Executive Officer Michael Roper and its Chief Financial Officer Jennifer Black.Webcast DetailsDate: May 10, 2023Time: 5:00 PM EDT / 2:00 AM PDTTo register, please use the link below:https://audience.mysequire.com/webinar-view?webinar_id=0e6c02ab-718c-470b-80b4-04c1
Company expands brand portfolio with second major acquisition in 2021 League City, Texas, May 18, 2021 (GLOBE NEWSWIRE) -- Muscle Maker, Inc. (Nasdaq: GRIL) the parent company of Muscle Maker Grill and SuperFit Foods, concepts known for serving "healthier for you" meals today announced it has acquired Pokemoto™ (www.pokemoto.com), a thirteen location concept known for its healthier modern culinary twist on a traditional Hawaiian poke classic. The acquisition of Pokemoto is Muscle Maker Grill's second acquisition in 2021; the first being SuperFit Foods, LLC, a fresh-prepared meal prep service that prepares "healthier for you" meals in Jacksonville, FL producing over 220,000 meals in 2020
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Muscle Maker Inc (NASDAQ:GRIL) said Sadot LLC, a wholly-owned subsidiary, crossed the $500 million total revenue since inception by registering revenue of over $45.7 million for the month of June 2023. This marks the eighth consecutive month in which top-line revenue has exceeded $45 million. “With our recently announced amendment to the service agreement with AGGIA, which reduces the quarterly non-cash stock-based compensation expense by 50%, our monthly revenues are expected to have a more favorable impact on our financial reporting with the intended result of improving the bottom-line results for our company,” said CEO Michael Roper. Also Read: Muscle Maker Acquires Zambia Farmland Fo
The Dow Jones closed higher by more than 300 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Muscle Maker The Trade: Muscle Maker, Inc. (NASDAQ:GRIL) 10% owner Aggia FZ LLC acquired a total of 8,855,452 shares an average price of $3.12. To acquire these shares, it cost around $27.63 million. What’s Happening: Muscle Maker amended its curr
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Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named David Errington to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Mr. Errington is the second nomination to be named of the final three board member seats.Errington brings more than 20 years of experience in Sustainability and Environmental Sector with 13 years regional expertise in the Gulf Cooperation Council, including KSA, Bahrain, Qatar, Kuwait, UAE and Oman. In his most recent role as the Head of Engineering, David has been r
Muscle Maker, Inc. (MMI), the "Company" (NASDAQ:GRIL), today announced it has named Mark McKinney to its Board of Directors. Sadot LLC generated net income for Muscle Maker of $9.9 million milestone which triggers the final three board nominations by Aggia LLC FZ as outlined in a service agreement reached on November 18, 2022. Mr. McKinney is the first nomination to be named of the final three board member seats. McKinney brings more than 30 years of domestic and international C-Level experience across various industries, six countries and three continents. Most recently, McKinney served as Chief Operating Officer of Local Bounti, a leading Ag-tech company specializing in indoor farming. Du
Muscle Maker Inc (NASDAQ:GRIL) said its wholly-owned subsidiary, Sadot LLC has agreed to acquire agricultural land in Zambia for $8.5 million. The 4,942 acres (2000 hectares) of producing agricultural land, along with buildings and related assets, is located within the Mkushi Farm Block of Zambia’s Region II agricultural zone. The acquisition will help Sadot as it expands its position as an international agri-foods company. The developed farmland can produce wheat, soy, and corn, which are Sadot’s main target commodities, along with other high-value tree crops such as Avocado and Mango. “We have taken several successful steps in our shift to diversify our U.S.-centric restaurant busine
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