GENERATION NEXT FRANCHISE BRANDS, INC. (OTCMKTS:VEND) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

On July 31, 2018, the Company entered into an Exclusive Location Partnership Agreement (the “Agreement”) with the Canteen Vending Division (“Canteen”) of Compass Group USA, Inc. (“Compass”). The Agreement provides that Canteen will provide location procurement services for the placement of the Company’s vending robots within locations that fall in Canteen’s core businesses, including locations operated by sector partners within Compass. The term of the Agreement is for twelve (12) months with a potential 12-month renewal term and provisions for termination. The Agreement provides for Canteen to receive specific referral fees based on the number of locations procured by Canteen.

About GENERATION NEXT FRANCHISE BRANDS, INC. (OTCMKTS:VEND)

Generation NEXT Franchise Brands, Inc. formerly Fresh Healthy Vending International, Inc., is a franchise development company and operator of Company-owned vending machines, micro markets and frozen yogurt robots. The Company provides a portfolio of fresh, organic and all-natural snacks and drinks. The micro market provides fresh full meal options, such as salads, sandwiches and wraps. The micro market is designed for implementation in corporate environments, hotel lobbies, auto dealerships and other retail environments. The Company is focused on setting up national distribution partners to carry the consumable products required for the frozen yogurt robots. It outsources non-core functions to third-party vendors. Its services include machine manufacturing, transport, location set-up, maintenance, inventory, food management and ordering, payment processing and cash management. As of June 30, 2016, the Company and its franchisees operated over 3,000 vending machines and micro markets.