ITEM 8.01 OTHER EVENTS.

On January 10, 2020, Giggles N' Hugs, Inc. (the "Company") closed its Company-owned Giggles N' Hugs restaurant in the Westfield Topanga Shopping Center located in Woodland Hills, California. The Company determined to close this location because it had been underperforming during the last two quarters. The Company believes that by closing its Topanga Shopping Center restaurant it will be able to focus its efforts on increasing performance at its other Company-owned Giggles N' Hugs restaurant in the Glendale Galleria located in Glendale, California and on opening new stores using the franchise model approach.

© Edgar Online, source Glimpses