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DALLAS - Great American Food Chain Inc. completed a merger with GreenMatter Biotech Inc., a materials science company that produces plant-based biodegradable alternatives to plastics, according to a press release statement.
The transaction brings GreenMatter’s research and development operations, distribution networks and retail partnerships into the combined entity. GreenMatter reported $2.5 million in revenue for 2025. The combined company’s stock currently trades at $0.06, down roughly 25% year-to-date, though shares have surged 129% over the past six months.
Joe H. Wicker Jr., who served as CEO of GreenMatter Biotech, assumed the roles of Chief Executive Officer and Chairman of the Board of Directors of the combined company upon closing of the merger. Edward Sigmond, who founded Great American Food Chain and served as its Chairman, President and Chief Executive Officer, stepped down following the transaction’s completion.
"We closed 2025 with $2.5 million in revenue and the market is moving in our direction," Wicker said in the statement. "The demand for biodegradable materials is not a future conversation. It’s happening now, and we’ve built the product platform and the partnerships to meet it at scale."
GreenMatter develops plant-based materials designed to biodegrade in soil after disposal. The company manufactures products intended as alternatives to traditional plastics.
The combined company trades under the ticker OTC:GAMN. GreenMatter reported profitability in 2025, its first year of operations under Wicker’s leadership. InvestingPro data shows the company is quickly burning through cash and suffers from weak gross profit margins—two of 11 ProTips available to subscribers analyzing the stock’s financial health.
The merger provides GreenMatter access to public markets for capital and operational visibility as it expands its product development and distribution activities.
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