Generation Next Franchise Brands, Inc. (OTCPK:VEND) announced that it has entered into a purchase agreement of 6,158,779 shares at a price of $0.6310028 per share for the gross proceeds of $3,886,206.81 on March 30, 2018. The company did not pay any brokers or placement agent fees. The transaction included participation from accredited investors. The company issued common shares pursuant to exemption under Regulation D.