Meritage Hospitality Group Inc. (OTCPK:MHGU) acquired an additional 25 Wendy's restaurants located in the North Carolina and Virginia on May 10, 2023. Meritage funded the acquisition with a combination of cash, equity and bank financing and expects the 25 additional restaurants to add approximately $42 million in annual sales and be accretive to earnings going forward.

Meritage Hospitality Group Inc. (OTCPK:MHGU) completed the acquisition of an additional 25 Wendy's restaurants located in the North Carolina and Virginia on May 10, 2023.