Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

GENERATION NEXT FRANCHISE BRANDS, INC.

(VEND)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Motion for Asset Sale Filed by Generation Next Franchise Brands, Inc.

03/07/2020 | 12:00am EDT

Generation Next Franchise Brands, Inc. filed a motion in the US Bankruptcy Court for the sale of it's certain assets on March 7, 2020. The debtor seeks the Court’s approval for the sale of its certain assets to Genext Loan, LLC for a purchase price of $1.91 million in cash pursuant to the asset purchase agreement, dated March 6, 2020. The purchase price consisted of $0.91 million cash payment and $1 million credit bid. Any initial overbid should be higher than the purchase price. The proceeds from the sale would be used to pay off the amount owed to Flex Ltd., Pitney Bowes Inc. and Socially Responsible Brands, Inc. The remaining amount after payment to these parties will be used to pay creditors and administrative claims of the debtor.


© S&P Capital IQ 2020
All news about GENERATION NEXT FRANCHISE BRANDS, INC.
2020Genext Loan, LLC entered into asset purchase agreement to acquire Certain Assets of Gen..
CI
2020Motion for Asset Sale Approved for Generation Next Franchise Brands, Inc.
CI
2020Motion for Asset Sale Filed by Generation Next Franchise Brands, Inc.
CI
2020Motion For Case Conversion Approved for Generation Next Franchise Brands, Inc.
CI
2020Motion for Case Conversion or Alternatively Dismissal Filed for Generation Next Franchi..
CI
2020Motion for Case Conversion Filed by Generation Next Franchise Brands, Inc.
CI
2020Motion for Asset Sale Filed by Generation Next Franchise Brands, Inc.
CI
2019Interim DIP Financing Approved for Generation Next Franchise Brands, Inc.
CI
2019Motion for Joint Administration Approved for Generation Next Franchise Brands, Inc.
CI
2019GENERATION NEXT FRANCHISE BRANDS, IN : Bankruptcy or Receivership, Creation of a Direct Fi..
AQ
More news
Financials (USD)
Sales 2019 18,4 M - -
Net income 2019 -19,0 M - -
Net Debt 2019 3,50 M - -
P/E ratio 2019 -2,27x
Yield 2019 -
Capitalization 0,01 M 0,01 M -
EV / Sales 2018 413x
EV / Sales 2019 2,52x
Nbr of Employees 49
Free-Float 76,6%
Chart GENERATION NEXT FRANCHISE BRANDS, INC.
Duration : Period :
Generation Next Franchise Brands, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Ryan Polk Chairman, CEO, COO & Chief Financial Officer
Nicholas Yates Vice President-Sales & Marketing
Nik Wright Vice President-Operations
Sector and Competitors