- California’s recent minimum wage hike to $20 per hour has already driven many restaurants out of business
- Nightfood Holdings is capitalizing on this shift by diversifying with the acquisition of Future Hospitality Ventures
- Future Hospitality Ventures is an early entrant in the burgeoning Robotics-as-a Service market as billions of dollars shift from labor to automation in the coming years
The recent and unprecedented increase in California’s minimum wage for foodservice workers has forced every restaurant and hospitality business statewide to evaluate their future existence and viability.
Acquisition and development company Nightfood Holdings (OTCQB: NGTF), a pioneer in the sleep-friendly nighttime snack market, identified the opportunity created by the radically shifting landscape, and invested aggressively into automation technologies. This move positions Nightfood at the…
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://ibn.fm/NGTF
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