MuscleMaker, Inc GRIL Subsidiary, Sadot LLCexceeded the $100 million revenue milestone in the first 45 days of operation.

What happened? Sadot generated $54.19 million in sales in November and an additional $55.84 million in sales through December 19.

Sadot has generated over $110 million in revenue in its first 45 days of operation.

The company’s total year-to-date revenue increased 1,369% to $118.7 million since the end of the third quarter of 2022.

Sadot is currently focused on shipping physical groceries such as wheat, soybean meal and corn internationally.

Shipping is via cargo ships that can weigh between 25,000 and 75,000 tons.

December shipments through December 19 included soybean meal and corn shipped between the US, Australia, South Korea and the Philippines.

Why does it matter? CEO Michael Roper stated, “We believe that the formation of the new Sadot subsidiary and Muscle Maker’s diversification into shipping, farming and sourcing of food products could represent an overall game changer for Muscle Maker. To put that into perspective, revenue generated by Sadot in its first 45 days of operations ended December 19 puts the Company’s total revenue through the third quarter of 2022 of $8.67 million.”

On November 18, Muscle Maker announced a new subsidiary, Sadot, and a material agreement between Sadot and AGGIA.

AGGIA will manage Sadot’s day-to-day operations, focusing on physical food shipping, trading, sourcing, farming and production.

Roper continued, “We recently announced that we have sold 55 Pokemoto franchise deals to date, have opened eight to date, and have an additional 47 to open. This structure allows the Muscle Maker team to focus on franchise growth while the AGGIA team focuses on the food delivery side of the business.”

Price promotion: GRIL shares traded 3.45% higher at $0.90 premarket on the most recent check Thursday.