Muscle Maker Inc. Announces Agreement To Purchase Developed Farmland In Zambia For $8.5M
Portfolio Pulse from Benzinga Newsdesk
Muscle Maker Inc. (NASDAQ:GRIL) announces its subsidiary Sadot LLC's agreement to purchase 4,942 acres of agricultural land in Zambia for $8.5 million. The acquisition is expected to diversify MMI's holdings and accelerate Sadot's growth in the agri-commodity space.
May 22, 2023 | 1:50 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Muscle Maker Inc.'s acquisition of Zambian farmland is expected to diversify its holdings and accelerate its subsidiary Sadot's growth in the agri-commodity space.
The acquisition of the Zambian farmland will diversify Muscle Maker Inc.'s holdings and expand its presence in the agricultural sector. This is expected to have a positive impact on the company's growth and potentially its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100