- Chipotle Mexican Grill Inc CMG said it is launching a new venture, Cultivate Next, with an initial size of $50 million.
- Cultivate Next aims to support Series B stage companies that can accelerate its priorities like running restaurants and amplifying technology and innovation.
- "We are exploring investments in emerging innovation that will enhance our employee and guest experience, and quite possibly revolutionize the restaurant industry," said Curt Garner, Chief Technology Officer, Chipotle.
- Price Action: CMG shares are trading higher by 2.73% at $1,633.23 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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