- Muscle Maker Inc’s (NASDAQ:GRIL) Hawaiian poke bowl restaurant concept Pokemoto has entered into a new franchise agreement in Allentown, Pennsylvania.
- The new franchise agreement marks the third Pennsylvania Pokemoto.
- Last week, Muscle Maker announced the grand opening of the first Pokemoto in the Northeast Philadelphia market.
- Each franchise location sold generates up to $25,000 per agreement when signed as well as an ongoing royalty of up to 6% of net sales once opened.
- Price Action: GRIL shares are trading higher by 0.96% at $0.4099 on the last check Thursday.
Gold Edges Lower; Alibaba Posts Upbeat Results
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining around 150 points on Thursday. The Dow traded up 0.44% to 35,277.94 while the NASDAQ rose 0.29% to 13,761.56. The S&P 500, also rose, gaining, 0.28% to 4,480.22.
