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Stock impact report

TruGolf Announces Global Franchising with Franchise Well to Accelerate Growth

TruGolf Holdings, Inc. - Class A (TRUG) 
Company Research Source: GlobeNewswire
SALT LAKE CITY, March 27, 2024 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (Nasdaq: TRUG) ("TruGolf”), among the leading sellers and distributors of golf simulator software and hardware, today announced a strategic agreement with Franchise Well, a renowned franchising consultancy firm, to accelerate its global expansion through a regional developer franchise model. This relationship marks a pivotal moment for TruGolf as it harnesses the power of franchising to amplify its global presence and cater to the burgeoning demand for immersive off-course golf experiences. This collaboration comes at a time when the franchising market is experiencing a significant shift towards experience-based and recreational concepts. According to recently released data from The National Golf Foundation, 45 million Americans aged 6 and above played golf in 2023. This record-setting total includes 32.9 million people who played off-course golf, with 18.4 million of them who participated exclusively in Show less Read more
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