Giggles N’ Hugs, Inc. (GIGL) to Jumpstart Expansion with a 506(c) Offering of $5,000,000
Giggles N’ Hugs (OTCQB: GIGL) is going places with its fine-dining rooms, organic-food menus and adventure-filled play spaces for kids. The company is presently negotiating with the top four U.S. mall owners, who are ‘yearning’ to have Giggles N’ Hugs in their malls and are prepared to offer cash upfront to fund between 60 and 70 percent of opening costs. As consumers have increasingly been purchasing online, traffic by shoppers to malls has slowed. Mall owners want businesses that can generate excitement and foot traffic, and Giggles N’ Hugs fits that bill. Its three establishments, at Westfield Mall in Century…