Sadot Group Inc. (NasdaqCM:SDOT) shared an update focusing on its legacy restaurant concepts. "As we progress in our strategic pivot towards the global food supply chain sector, we believe it necessary to restructure our restaurant subsidiaries," stated Sadot Group's CEO, Michael Roper. "We will reduce restaurant operating expense and overhead as well as working capital demands by closing underperforming units while refranchising most of our remaining company-owned units.

We will shift to a franchise, royalty-generating model focused on our successful Pokemoto concept. Our rapidly expanding roster of Pokemoto franchisees underscores the strong interest and confidence in the Pokemoto brand. Franchisees of Muscle Maker Grill restaurants will have the option to remain as Muscle Maker Grills, convert to Pokemoto or become dual-branded Pokemoto/Muscle Maker Grill units.

Lastly, we will seek strategic alternatives for our Superfit Foods concept. These actions will allow us to strengthen our balance sheet and reallocate funds towards growing the agri-foods supply chain business, reinforcing our commitment to increasing shareholder value by focusing on our path to profitability, market diversification, and a strengthened brand presence".