Carbone Restaurant Group Readies for Explosive Growth

Carbone Restaurant Group Readies for Explosive Growth
Scorpion

Innovative Winnipeg company's disruptive business model secures more than $2.5 million in financing led by Gravitas Securities Inc.

WINNIPEG, MBJuly 8, 2021 /CNW/ - Carbone Restaurant Group Ltd. ("CRG" or the "Company"), a leading Winnipeg-based omni-channel franchise restaurant group announced today that it has successfully closed $2.5 million in financing.

CRG intends to leverage technology and data to introduce disruptive changes to the restaurant industry through the rapid scale-up of its ghost kitchen brands, bricks and mortar franchises and robotics concepts. The Company plans to open more than 100 kitchens and restaurant franchises over the next several years.

"We are bringing game-changing concepts and technology into the restaurant industry," said Benjamin Nasberg, Founder and Chief Executive Officer of CRG. "This strategic investment will allow us to take CRG to new heights and capitalize on our business development plans."

The financing comes on the heels of CRG securing new development and franchising partners across Canada for the Company's flagship "FAST FIRED by Carbone" Quick-Service Restaurant (QSR) pizza franchise concept. Additionally, CRG is on the cusp of launching several ghost kitchen brands that the Company expects will allow it to scale its business rapidly. CRG has also partnered with a high-tech global innovator to introduce pizza-making robots into the marketplace.

"We are delighted with the results for CRG as demonstrated by the strong reception from investors," said Kia Besharat, Senior Managing Director and Head of Capital Markets Origination at Gravitas Securities Inc. "Benjamin and the CRG management team are innovative, forward thinking and motivated, and investors were quick to understand CRG's value proposition as they now look to the next stages of growth. These are changing times and CRG is right on the cusp of that change."

About Carbone Restaurant Group
Carbone Restaurant Group (CRG) is an industry-leading restaurant group with a portfolio of various ghost kitchen brands, quick-service franchises, and robotic restaurant concepts. The company utilizes data-driven insights underpinned by rigorous market research to deploy new and innovative restaurant concepts that can scale rapidly with the support of CRG's global network of strategic partners. The company has recently pivoted towards a model that will enable CRG to quickly ramp up its quick service brick and mortar franchises, robotic restaurants, and ghost kitchens, while maintaining its focus on quality, customization, and convenience. With 4 active locations and over 10 locations in early development, CRG is well positioned to see exponential growth in the near-term and become a leader in the Quick-Service Restaurant (QSR) market. CRG has a proven and experienced management team with over 40 years of combined experience in business development, marketing, and franchising.

For more information, please visit carbonerestaurantgroup.com   

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to: (i) the Company's general expansion and growth plans; (ii) the Company obtaining development and franchise partners; and (iii) the Company's securing partnerships with ghost kitchen and robotics technological innovators. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

SOURCE Carbone Restaurant Group

For further information: Media Contact: GeoLyn Mantei, Chief Marketing Officer, Carbone Restaurant Group, 780-215-7468, geolyn.m@carbonerestaurantgroup.com