The sale of Freshii Inc. to Montreal-based Foodtastic Inc. is complete.
In a deal originally announced in December, the healthy fast-food chain says Foodtastic has acquired all of its voting shares at $2.30 per share.
The shares are expected to be delisted from the Toronto Stock Exchange by Thursday.
Freshii joins Second Cup, Pita Pit, Milestones and other well-known food brands under the Foodtastic umbrella.
The franchisor said in December that the acquisition of Freshii will help put it on track to reach its goal of $1 billion in system-wide sales in Canada by the spring.
Freshii operates 343 locations in North America and internationally.
This report by The Canadian Press was first published Feb. 22, 2023.
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