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Central Social Hall currently has two restaurants in Edmonton, Alberta.
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Snacc was initially tested in Bengaluru and Gurugram, but did not achieve meaningful growth.
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The company will take charge of overall event delivery, food and beverage services.
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The company’s Q1 net earnings from continuing operations dropped to $14.4m from $31m a year earlier.
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The restaurant chain has also introduced Golden Cinnamon Cold Foam as a limited-time addition to its cold drink menu.
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The case was brought on grounds of alleged breach of contract and conspiracy.
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The newly formed PH Korea is expected to take over the franchise system and company-run outlets.
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