Fresh Healthy Vending is a vending machine company located in San Diego, California specializing in healthy alternatives to traditional vending machine snack foods and beverages. It was founded in June 2010.[1] The company's refrigerated[2] machines offer carrots, yogurt, smoothies, granola bars and beverages such as milk, juice and teas.[3]
 | |
| Company type | Vending machines; Franchising |
|---|---|
| Industry | Vending |
| Founder | Nick Yates |
| Headquarters | 9605 Scranton Rd. #350 San Diego, California 92121 United States |
Area served | US Nationwide Excluding CA |
| Products | Vending Machine |
Number of employees | 15-20 |
| Website | Company Website |
The company states that it sells only organic, natural and healthy foods and drinks, and the branded vending machines appear largely in schools, hospitals, health clubs and community organizations. As of 2011, the company had more than 2,000 vending machines in place around the country;[4] about three-quarters of them are in schools.[5] The company operates under a franchise model.
Fresh Healthy Vending has been active in providing healthy vending products to schools, as encouraged by the Healthy, Hunger-Free Kids Act of 2010,[6] which placed a prohibition on high-calorie junk food in school vending machines.[7]
In 2010 Fresh Healthy Vending became a publicly traded company trading under the stock symbol VEND. Fresh Healthy Vending was nominated by both Entrepreneur and Inc magazine.[8]
In 2015 Fresh Healthy Vending changed its name to Generation Next Franchise Brands[9] and in the same year launched Reis and Irvy's Frozen Yogurt Robot Vending Franchise.
In 2019 launched a corporate owned fund to operate the frozen yogurt vending robots in 2019.[10]
Legal and Regulatory Complaints Against Fresh Healthy Vending
editIn 2013, the California Corporations Commission filed action against Fresh Healthy Vending, Inc. found Fresh Healthy Vending to have "committed multiple violations of the California Franchise Investment Law."[11] The company is currently not permitted to market or sell franchises in California, and is limited to operating locations under its direct control and ownership.
In March 2016 the company was reported to the Securities Exchange commission for allegedly hiring spammers to distribute material promoting the company to large numbers of individuals in an effort to increase stock prices.[12]
Fresh Healthy Vending declared bankruptcy on September 27, 2018.[13]
References
edit- ^ "Vending machines go bananas". Fox Business Report, posted at YouTube. April 20, 2011. Retrieved 8 June 2013.
- ^ "Healthy Vending Comes to Washington DC". 9 News Now, WUSA, posted at YouTube. September 9, 2011. Retrieved 8 June 2013.
- ^ "Healthiest vending machine foods". CBS News. March 3, 2011. Retrieved 8 June 2013.
- ^ "Vending machines". The Early Show/CBS, posted on YouTube. March 8, 2011. Retrieved 8 June 2013.
- ^ Leiber, Nick (January 31, 2011). "Selling healthy snacks in schools". Bloomberg Businessweek. Archived from the original on July 8, 2012. Retrieved 8 June 2013.
- ^ "Healthy Hunger-Free Kids Act of 2010". U.S. Department of Agriculture. Archived from the original on 28 April 2014. Retrieved 8 June 2013.
- ^ "New USDA rules would remove junk food from school vending machines". CBS News. February 1, 2013. Retrieved 8 June 2013.
- ^ "Fresh Healthy Vending International, Inc. Tops List of Vending Franchises on Entrepreneur Magazines 2015 Franchise 500". finance.yahoo.com. Retrieved 2022-12-28.
- ^ "Fresh Healthy Vending Plans Name Change Appoints Director For Frozen Yogurt Vending Franchise". www.vendingtimes.com. 2016-03-07. Retrieved 2022-12-28.
- ^ "Generation Next Franchise Brands Announces Launch of Corporate Operated Robot Investment Fund". AP NEWS. 2022-01-19. Retrieved 2022-12-28.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2016-12-21. Retrieved 2017-09-03.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Deceptive Conduct Haunts Fresh Healthy Vending (OTCMKTS:VEND) | Seeking Alpha".
- ^ "California Assignment for the Benefit of Creditors".