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Happy Belly's Heal Wellness QSR Announces the Opening of Its Newest Location in West Abbotsford, British Columbia

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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has announced the opening of its newest Heal Wellness franchise location in West Abbotsford, British Columbia. This marks the 10th Heal location overall, the 2nd in British Columbia, and the 5th franchised location opened by Happy Belly this year. The company has a pipeline of 60 committed units for Heal across Canada and the US.

Happy Belly's portfolio expansion includes 376 contractually committed retail locations across all its emerging brands. The West Abbotsford location is expected to tap into a growing market with a focus on health and wellness. The company is actively working on sourcing real estate, reviewing franchisee applications, and collaborating with area developers to accelerate its asset-light franchising model growth.

Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ha annunciato l'apertura della sua nuova sede in franchising Heal Wellness a West Abbotsford, Columbia Britannica. Questo segna la 10ª sede Heal complessiva, la 2ª in Columbia Britannica e la 5ª sede in franchising aperta da Happy Belly quest'anno. L'azienda ha in programma 60 unità impegnate per Heal in Canada e negli Stati Uniti.

L'espansione del portafoglio di Happy Belly comprende 376 sedi di vendita al dettaglio contrattualmente impegnate tra tutti i suoi marchi emergenti. La location di West Abbotsford prevede di attingere a un mercato in crescita con un focus sulla salute e il benessere. L'azienda sta attivamente lavorando per reperire immobili, esaminare le domande dei franchisor e collaborare con i sviluppatori locali per accelerare la crescita del suo modello di franchising a basso costo.

Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ha anunciado la apertura de su nueva ubicación de franquicia Heal Wellness en West Abbotsford, Columbia Británica. Esto marca la 10ª ubicación Heal en total, la 2ª en Columbia Británica y la 5ª ubicación franquiciada abierta por Happy Belly este año. La empresa tiene un plan de 60 unidades comprometidas para Heal en Canadá y EE. UU.

La expansión del portafolio de Happy Belly incluye 376 ubicaciones de venta al por menor comprometidas por contrato en todas sus marcas emergentes. Se espera que la ubicación de West Abbotsford acceda a un mercado en crecimiento con un enfoque en la salud y el bienestar. La empresa está trabajando activamente en la búsqueda de bienes raíces, revisando las solicitudes de franquiciados y colaborando con desarrolladores locales para acelerar el crecimiento de su modelo de franquicia ligero en activos.

Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF)는 브리티시컬럼비아주 웨스트 애봇스포드에 새로운 Heal Wellness 프랜차이즈 매장을 열었다고 발표했습니다. 이는 전체 10번째 Heal 매장이자, 브리티시컬럼비아주에서 2번째, 그리고 Happy Belly가 올해 오픈한 5번째 프랜차이즈 매장입니다. 회사는 캐나다와 미국 전역에서 Heal을 위한 60개의 약정 단위를 확보할 예정입니다.

Happy Belly의 포트폴리오 확장은 모든 신규 브랜드에서 376개의 계약상 약속된 소매 위치를 포함합니다. 웨스트 애봇스포드 매장은 건강과 웰빙에 초점을 맞추어 성장하는 시장에 진입할 것으로 예상됩니다. 회사는 부동산을 공급하고 프랜차이즈 신청을 검토하며 지역 개발자와 협력하여 자산 경량 프랜차이즈 모델의 성장을 가속화하기 위해 적극적으로 작업하고 있습니다.

Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) a annoncé l'ouverture de son nouveau centre de franchise Heal Wellness à West Abbotsford, en Colombie-Britannique. Cela marque le 10ème emplacement Heal au total, le 2ème en Colombie-Britannique et le 5ème emplacement franchisé ouvert par Happy Belly cette année. L'entreprise a un plan de 60 unités engagées pour Heal à travers le Canada et les États-Unis.

L'expansion du portefeuille de Happy Belly comprend 376 emplacements de vente au détail contractuellement engagés dans toutes ses marques émergentes. La nouvelle localisation à West Abbotsford devrait profiter d'un marché en croissance axé sur la santé et le bien-être. L’entreprise travaille activement à trouver des biens immobiliers, à examiner les candidatures de franchisés et à collaborer avec des promoteurs locaux pour accélérer la croissance de son modèle de franchise léger en actifs.

Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) hat die Eröffnung seines neuesten Heal Wellness Franchise-Standorts in West Abbotsford, British Columbia, angekündigt. Dies markiert den 10. Heal-Standort insgesamt, den 2. in British Columbia und den 5. franchisierten Standort, den Happy Belly in diesem Jahr eröffnet hat. Das Unternehmen plant 60 verbindliche Einheiten für Heal in Kanada und den USA.

Die Portfolioerweiterung von Happy Belly umfasst 376 vertraglich gebundene Einzelhandelsstandorte in all seinen aufstrebenden Marken. Der Standort in West Abbotsford wird voraussichtlich einen wachstumsstarken Markt mit Fokus auf Gesundheit und Wellness erschließen. Das Unternehmen arbeitet aktiv daran, Immobilien zu akquirieren, Anträge von Franchisenehmern zu überprüfen und mit regionalen Entwicklern zusammenzuarbeiten, um das Wachstum seines ressourcenschonenden Franchise-Modells zu beschleunigen.

Positive
  • Opening of 10th Heal Wellness location, expanding brand presence
  • 5th franchised location opened this year, showing rapid expansion
  • Pipeline of 60 committed units for Heal across Canada and US
  • 376 contractually committed retail locations across all Happy Belly brands
  • Expansion into West Abbotsford, a growing market with focus on health and wellness
Negative
  • None.

Toronto, Ontario--(Newsfile Corp. - August 9, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce the opening of its newest Heal Wellness location at Highstreet Shopping Centre, unit G115, in the City of West Abbotsford, British Columbia, this Saturday August 10th, 2024.

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Heal Wellness

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"Opening our newest Heal Wellness franchised location, serving fresh smoothie bowls, acai bowls, and smoothies is another store opening not only for Heal but for Happy Belly's portfolio of emerging brands in 2024," said Sean Black, Chief Investment Officer of Happy Belly. "This will be our tenth (10th) Heal location, our second (2nd) of ten (10) for British Columbia, and our fifth (5th) franchised location that has opened in the Happy Belly Portfolio this year, with many more still to come. We have a commitment of 60 units for Heal in the pipeline across Canada and the US. We are seeing a progressive stream of openings for Heal Wellness and Happy Belly as we continue to leverage our franchising experience and framework to accelerate our growth."

"As each store opens, our Happy Belly footprint expands. With five (5) of our brands currently having store locations under construction, we look forward to announcing several openings throughout 2024 as we continue to sign franchise agreements and secure prime real estate locations for our franchisees across Canada."

"We anticipate that The West Abbotsford location will extend Heal's customer base in a densely populated area that aligns well with the brand's demographics. This presents us with substantial opportunities both in-store and through delivery services. West Abbotsford continues to grow at an impressive rate and promotes a focus on health and wellness, making it an ideal location for a business centered around healthy, natural ingredients. The city's growing population and active lifestyle culture create a strong market demand for nutritious and convenient food options like acai bowls and smoothies."

"With a total of 376 contractually committed retail locations in the pipeline across all emerging brands in the Happy Belly Portfolio, our team is heads down sourcing and continually reviewing real estate locations, combing through franchisee applications, and working hand in hand with our area developers to accelerate the growth of our asset light franchising model. The rapid expansion of the Heal Wellness brand serves as a testament to our ability to execute effectively. As the brand's free cash flow grows, we anticipate accelerating our corporate store development timeline, supplemented by the growth of our franchise program."

We are just getting started.

About Heal Wellness
Heal Wellness was founded with a passion and mission to provide quick, fresh wellness foods that support a busy and active lifestyle. We currently offer a diverse range of smoothie bowls and smoothies. We take pride in meticulously selecting every superfood ingredient on our menu to fuel the body, including acai smoothie bowls, smoothies, and super-seed grain bowls. Our smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds, and more.

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.

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Happy Belly

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Happy Belly Food Group
Shawn Moniz
Chief Executive 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219373

FAQ

How many Heal Wellness locations does Happy Belly Food Group (HBFGF) now have after the West Abbotsford opening?

After the West Abbotsford opening, Happy Belly Food Group now has 10 Heal Wellness locations in total.

What is the total number of contractually committed retail locations in Happy Belly Food Group's (HBFGF) pipeline?

Happy Belly Food Group has a total of 376 contractually committed retail locations in the pipeline across all its emerging brands.

How many Heal Wellness locations has Happy Belly Food Group (HBFGF) committed to opening in Canada and the US?

Happy Belly Food Group has committed to opening 60 Heal Wellness locations across Canada and the US.

When is the new Heal Wellness location in West Abbotsford, BC scheduled to open?

The new Heal Wellness location in West Abbotsford, BC is scheduled to open on Saturday, August 10th, 2024.

HAPPY BELLY FOOD GRP INC

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