Freshii Inc (FRII.TO)

(Market Call Minute) It is high growth and high multiple so she can’t get around the valuation. The industry is highly competitive.

A brand-new public company in Canada. A franchise model. IPO’d at a very rich price, but has performed well since then. If they are able to increase their unit locations from about 250 today up to 700-800 in the next few years, it would represent one of the faster growing franchise players. He really likes the business and the concept, and it has a lot of opportunity to grow. However, it is trading at a rich valuation.