Generation Next Franchise Brands, Inc. (OTCPK:VEND) announced that it has entered into a purchase agreement of 7,695,037 shares at a price of $0.65155944 per share for the gross proceeds of $5,013,774 to accredited investors on February 14, 2018. The company did not pay any brokers or placement agent fees. The company issued common shares pursuant to exemption under Regulation D.