As of what date did Canopy Lawn Care have franchisees operating in 37 territories?

According to Canopy Lawn Care's 2025 Franchise Disclosure Document, as of September 30, 2024, Canopy Lawn Care had franchisees operating in 37 territories. The FDD specifies that each of these territories opened and began operations during the 2024 fiscal year. Because they opened in 2024, their financial results are excluded from the Item 19 financial performance representation.

This information is relevant to prospective franchisees as it provides a snapshot of Canopy Lawn Care's growth and expansion. Knowing the number of territories with active franchisees and the fact that they all commenced operations in the same year can indicate the brand's momentum and recent development efforts. However, the exclusion of these new territories from the financial performance data means that potential franchisees will not be able to directly compare their performance with the affiliate-owned outlet discussed in Item 19.

Given that the financial results of these 37 territories are not included in Item 19, it is important for prospective franchisees to conduct thorough due diligence. They should consider speaking with existing franchisees in these newer territories to gather insights into their experiences, challenges, and financial performance. Additionally, potential franchisees should inquire with Canopy Lawn Care about the typical ramp-up time for new territories and the factors that contribute to their success.