Happy Belly Closes 6th Consecutive Above-Market Non-Brokered Financing
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has successfully closed its sixth consecutive above-market non-brokered private placement, raising CAN$500,000 through the issuance of 333,333 units at CAN$1.50 per unit. Each unit comprises one common share and one transferrable warrant, with warrants exercisable at CAN$1.50 for 12 months from closing.
The company recently acquired Smile Tiger Coffee Roasters, establishing its presence in the coffee, tea, bubble tea, energy drinks, and refreshers category. The financing will support both organic and inorganic growth initiatives in 2025, with a focus on pursuing cash-flow accretive M&A opportunities and achieving a cash flow positive state.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) ha chiuso con successo il suo sesto collocamento privato non assistito sopra il mercato, raccogliendo 500.000 CAN$ attraverso l'emissione di 333.333 unità a 1,50 CAN$ per unità. Ogni unità comprende una azione comune e un warrant trasferibile, con warrants esercitabili a 1,50 CAN$ per 12 mesi dalla chiusura.
L'azienda ha recentemente acquisito Smile Tiger Coffee Roasters, stabilendo la sua presenza nella categoria di caffè, tè, bubble tea, bevande energetiche e rinfrescanti. Il finanziamento supporterà sia le iniziative di crescita organica che inorganica nel 2025, con un focus su opportunità di M&A che generano flusso di cassa e la realizzazione di uno stato cash flow positivo.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) ha cerrado con éxito su sexto placement privado, no respaldado y por encima del mercado, recaudando 500,000 CAN$ a través de la emisión de 333,333 unidades a 1.50 CAN$ por unidad. Cada unidad comprende una acción común y un warrant transferible, con warrants ejercitables a 1.50 CAN$ durante 12 meses desde el cierre.
Recientemente, la compañía adquirió Smile Tiger Coffee Roasters, estableciendo su presencia en la categoría de café, té, bubble tea, bebidas energéticas y refrescos. El financiamiento apoyará tanto las iniciativas de crecimiento orgánico como inorgánico en 2025, con un enfoque en buscar oportunidades de M&A que generen flujo de caja y lograr un estado positivo en flujo de caja.
해피 벨리 푸드 그룹 (CSE: HBFG) (OTCQB: HBFGF)는 여섯 번째 연속으로 시장 대비 비브로커 비상장 사모펀드를 성공적으로 마감했으며, 500,000 캐나다 달러를 조달하여 1.50 캐나다 달러에 333,333 유닛을 발행했습니다. 각 유닛은 하나의 보통주와 하나의 양도 가능한 워런트로 구성되어 있으며, 워런트는 마감일로부터 12개월 동안 1.50 캐나다 달러에 행사할 수 있습니다.
회사는 최근에 스마일 타이거 커피 로스터스를 인수하여 커피, 차, 버블 티, 에너지 음료 및 리프레셔 카테고리에서의 입지를 확립했습니다. 이 자금 조달은 2025년에 유기적 및 비유기적 성장 이니셔티브를 지원하며, 현금 흐름을 증가시키는 M&A 기회를 추구하고 현금 흐름이 긍정적인 상태를 달성하는 데 중점을 둘 것입니다.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) a réussi à clôturer sa sixième placement privé consécutif, non intermédié et au-dessus du marché, levant 500 000 $ CAN grâce à l'émission de 333 333 unités au prix de 1,50 $ CAN par unité. Chaque unité se compose d'une action ordinaire et d'un bon de souscription transférable, les bons pouvant être exercés à 1,50 $ CAN pendant 12 mois après la clôture.
L'entreprise a récemment acquis Smile Tiger Coffee Roasters, établissant ainsi sa présence dans la catégorie du café, du thé, du bubble tea, des boissons énergisantes et des rafraîchissements. Le financement soutiendra à la fois des initiatives de croissance organique et inorganique en 2025, en mettant l'accent sur la recherche d'opportunités de M&A génératrices de flux de trésorerie et l'atteinte d'un état positif de flux de trésorerie.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) hat erfolgreich seine sechste aufeinanderfolgende über dem Markt liegende, nicht vermittelte Privatplatzierung abgeschlossen und 500.000 CAD durch die Ausgabe von 333.333 Einheiten zu 1,50 CAD pro Einheit gesammelt. Jede Einheit besteht aus einer Stammaktie und einem übertragbaren Optionsschein, wobei die Optionen 12 Monate nach Abschluss zu 1,50 CAD ausgeübt werden können.
Das Unternehmen hat kürzlich Smile Tiger Coffee Roasters erworben und somit seine Präsenz in der Kategorie Kaffee, Tee, Bubble Tea, Energydrinks und Erfrischungsgetränke etabliert. Die Finanzierung wird sowohl organisches als auch anorganisches Wachstum im Jahr 2025 unterstützen, mit dem Schwerpunkt auf der Verfolgung von Cashflow-akkretiven M&A-Möglichkeiten und der Erreichung eines positiven Cashflow-Status.
- Successfully raised CAN$500,000 through private placement
- Sixth consecutive above-market financing, indicating strong investor confidence
- Strategic acquisition of Smile Tiger Coffee Roasters completed
- Active pipeline of potential M&A targets for portfolio expansion
- None.
Toronto, Ontario--(Newsfile Corp. - January 9, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands, is happy to announce that it has closed on its strategic non-brokered private placement of 333,3333 units of the Company (the "Units") at CAN
"I would like to thank our existing strategic investor for their continued investment and support of Happy Belly as we execute on our growth strategy focused on building a stable of emerging brands," said Sean Black, Chief Executive Officer of Happy Belly. "A prime example is our acquisition of Smile Tiger Coffee Roasters this week, giving us our foothold in the coffee, tea, bubble tea, energy drinks and refreshers category. Receiving this kind of support and confidence in our plan as a company allows us to accelerate both our organic and inorganic growth in 2025.
"This is our sixth consecutive above-market financing for Happy Belly which demonstrates the market support for this management team and its vision. We look forward to applying this acceleration capital towards disciplined organic & inorganic growth.
"This Private Placement strengthens our ability to pursue our strategic objectives, including accelerating the company's pathway towards achieving a cash flow positive state through transacting on larger cash-flow accretive M&A opportunities. With an active and expanding pipeline of potential targets, we have numerous opportunities for accretive acquisitions to grow our portfolio of emerging brands, alongside the significant organic growth that we are currently experiencing with our existing brands. We look forward to providing further updates to our shareholders as we make progress on these opportunities.
"With the support and confidence of shareholders alike, we plan to deliver continued shareholder value as we grow Happy Belly."
We are just getting started.
Franchising
For franchising inquiries please see www.happybellyfg.com/franchise-with-us/ or contact us at hello@happybellyfg.com.
About Happy Belly Food Group
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leading consolidator of emerging food brands.
Happy Belly Food Group
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Sean Black
Chief Executive Officer
Shawn Moniz
Chief Operating Officer
FOR FURTHER INFORMATION, PLEASE VISIT:
www: www.happybellyfg.com or email hello@happybellyfg.com
If you wish to contact us please call: (604) 737-2303
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Forward-Looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur and include the future performance of Happy Belly and her subsidiaries. Forward-Looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for Happy Belly described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedarplus.ca.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Not for distribution to the U.S. newswire or for dissemination in the United States
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236564
FAQ
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