TORONTO, June 22, 2017 (GLOBE NEWSWIRE) -- Freshii Inc. (TSX:FRII), a global leader in the health-casual restaurant business, today
announced the purchase of the entirety of the outstanding securities of MHD, LLC, the entity that holds the Freshii master
franchise agreement for Chicago.
The master franchise agreement includes the current franchise network and the future development rights for the
Chicago metro area. The MHD, LLC purchase price of USD$4.15 million, which was paid in cash on closing, is less than the
Company’s initially estimated cost of acquiring this agreement of USD$5.1 million, as disclosed in the Company’s final initial
public offering prospectus dated January 25, 2017.
About Freshii
Eat. Energize. That’s the Freshii mantra. Freshii is a health-casual restaurant brand that serves fresh food
designed to energize people on the go. With a diverse and completely customizable menu of breakfast, soups, salads, wraps, bowls,
burritos, frozen yogurt, juices and smoothies served in an eco-friendly environment, Freshii caters to every taste and dietary
preference.
Since it was founded in 2005, Freshii has opened hundreds of restaurants in cities and countries around the
world. Freshii can be found in all location types from cosmopolitan cities, college campuses, suburban neighborhoods and malls to
fitness clubs, airports and small towns.
Find the nearest Freshii: http://www.freshii.com.
Keep in touch with Freshii on Facebook: https://www.facebook.com/freshii.
Follow Freshii on Twitter and Instagram: @freshii.
Inquire about how to join the Freshii family: https://freshii.com/us/franchising.
For further information contact: Ed Yuen ir@freshii.com 1.866.337.4265
