Muscle Maker Acquires Zambia Farmland For $8.5M
Portfolio Pulse from Shivani Kumaresan
Muscle Maker Inc's subsidiary, Sadot LLC, has agreed to acquire 4,942 acres of agricultural land in Zambia for $8.5 million. The acquisition will help Sadot expand its position as an international agri-foods company and diversify Muscle Maker's US-centric restaurant business.
May 22, 2023 | 6:41 pm
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Muscle Maker's acquisition of Zambian farmland through its subsidiary Sadot LLC will help diversify its US-centric restaurant business and expand its agri-foods position.
The acquisition of the Zambian farmland will help Muscle Maker diversify its business and expand its position in the agri-foods sector. This diversification and expansion could potentially lead to increased revenues and growth for the company, which may positively impact its stock price in the short term.
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