Renowned fitness group F45 has confirmed 300 of its United States franchise sales have been cancelled, amid drastic financial losses
The fitness group say the nosedive of outside financing is to blame for the major axe.
A lack of third party financing has impacted the ability to carry through with franchise sales.
They have reported a loss of $US38.5 million, for the June Quarter.
It comes as F45’s share price also tumbled to just $1.35 last month.
However, investors have been reassured that key financiers still support the Mark Wahlberg backed business.