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GENERATION NEXT FRANCHISE BRANDS, INC.

(VEND)
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Motion for Joint Administration Filed by Generation Next Franchise Brands, Inc.

12/15/2019 | 11:00pm EDT

Generation Next Franchise Brands, Inc., along with its affiliates, filed a motion for joint administration of their Chapter 11 bankruptcy cases in the US Bankruptcy Court on December 16, 2019. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Generation Next Vending Robots, Inc., Reis & Irvy's, Inc. and 19 Degrees, Inc. with its own case for administrative and procedural purposes. Generation Next Franchise Brands, Inc. has been proposed as the lead debtor.


© S&P Capital IQ 2019
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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%
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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