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Happy Belly Food Group Inc. (HBFGF) is a leading consolidator of emerging food brands, aiming to build a diverse portfolio of high-growth restaurant brands. The company recently secured a $2,000,000 CDN private placement with K2 & Associates, a multi-strategy hedge fund, to expand its brand offerings. The funding will help Happy Belly accelerate its growth strategy, with a focus on acquiring cash-flow accretive opportunities. The company's active pipeline of potential targets indicates promising organic growth alongside strategic acquisitions. With a robust capital-light model, Happy Belly is well-positioned to scale its brand acquisitions efficiently.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has announced the opening of its newest Heal Wellness franchise in Sherwood Park, Alberta on July 20th, 2024. This marks the second Heal store opening in Western Canada in the past six weeks, with seven more locations under construction in Alberta and British Columbia. The company has a contractual commitment of 50 units for Heal in Western Canada.
The new location at 905-8005 Emerald Drive is the first Heal Wellness in Alberta. Happy Belly currently has six QSR brands with new locations under construction across Canada. The company anticipates that the Sherwood Park location will significantly extend Heal's customer base in a rapidly growing area that aligns well with the brand's health-focused demographics.
Happy Belly has a total of 326 contractually committed retail locations in the pipeline across all its emerging brands. The company is focusing on sourcing real estate locations, reviewing franchisee applications, and working with area developers to accelerate the growth of its asset-light franchising model.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) has announced the signing of a franchisee for its seventh Rosie's Burgers location in Oakville, Ontario. This marks the fourth franchise agreement in the last four weeks, spanning two provinces. Rosie's Burgers, a boutique QSR brand, offers smash burgers, poutine, onion rings, and milkshakes.
Sean Black, Chief Investment Officer, noted that Rosie's growth is outpacing the early success of their previous brand, Burgers Priest, attributing this to their asset-light franchise model. Oakville was chosen for its affluent population, higher-than-average median household income, and thriving retail environment, making it an ideal market for Rosie's expansion.
Happy Belly Food Group announced the signing of a new franchise agreement for its Heal Wellness brand in Whitby, Ontario. Heal Wellness specializes in fresh smoothie bowls, acai bowls, and smoothie quick-serve restaurants. Whitby, part of the Greater Toronto Area, is noted for its health-conscious population and thriving local economy, making it an ideal location. This agreement is part of Happy Belly's strategy to accelerate growth through its franchise program, which provides franchisees with a proven business model. The company aims to expand both organically and through strategic M&A, leveraging increased free cash flow to enhance corporate store development.
Happy Belly Food Group has announced the addition of a new White Cheddar flavor to its LumberHeads Popcorn line. This new flavor is gluten, dairy, and peanut-free, aiming to cater to those with dietary restrictions and health-conscious consumers.
Additionally, the company has expanded its retail distribution, introducing LumberHeads Popcorn to new locations. CEO Shawn Moniz emphasized that the company's growth strategy is driven by organic growth and a focus on sales-driven operations, resulting in steady growth for the first half of 2024.
Happy Belly aims to accelerate product development and market growth through its shared services model and expects continued distribution and sales growth into the second half of the year.
Happy Belly Food Group announced that its Heal Wellness brand has secured its 4th real-estate location in Calgary's University District. This marks the 6th location out of a committed 10 in Alberta. The university's vibrant community of over 33,000 students and 203,000 alumni aligns well with Heal's health-focused menu of smoothies and acai bowls.
The new location is expected to open in Q1 2025. The expansion highlights the success of Happy Belly's franchising program, which offers comprehensive training and resources to franchisees. This growth is expected to accelerate the development of corporate stores and attract more investors.
Happy Belly Food Group (CSE: HBFG, OTCQB: VGANF) has announced the signing of its 43rd franchise and 3rd real-estate location for its Heal Wellness brand in Calgary's Bridgeland area. This marks the 5th location out of a planned 10 in Alberta. The Bridgeland site is expected to open in Q4 2024, benefiting from high foot traffic and a supportive local business environment. The rapid franchise growth highlights the success of Happy Belly's franchising model, offering comprehensive training and resources to franchisees, and aims to expand to non-traditional locations like universities and airports.
Happy Belly Food Group has announced the signing of a new franchisee for Rosie's Burgers in Burlington, Ontario. This marks the sixth location for the boutique QSR brand, which specializes in smash burgers, poutine, onion rings, and milkshakes. Burlington was chosen for its high visibility, accessibility, and vibrant dining scene, making it an ideal location for expansion. This is the first of 30 planned units for Rosie's in Ontario. The franchise expansion aligns with Happy Belly's growth strategy, leveraging their asset-light franchise model to maximize value and ensure a prosperous future for shareholders.
Happy Belly Food Group has signed its 42nd franchise agreement for its Heal Wellness brand in Richmond Hill, Ontario. The brand, known for fresh smoothie bowls and acai bowls, has been expanding rapidly, with many franchises already in construction or looking for retail locations. Chief Investment Officer Sean Black attributes this growth to their effective franchise program, which supports franchisees through a proven business model. The company is also exploring expansion into diverse locations such as universities and airports, aiming for national growth.
Happy Belly Food Group announces the signing of a second franchisee and real estate lease for Rosie's Burgers in Calgary, Alberta. This follows their first Rosie's franchise in Calgary secured on June 26, 2024. The new location in Bridgeland, a vibrant area known for its blend of historic charm and modern development, is expected to attract diverse food enthusiasts. This expansion is part of a broader strategy, with commitments for 20 units across Alberta. Happy Belly aims to leverage its franchising experience to accelerate growth, replicating past successes with brands like Extreme Pita and Mucho Burrito.
Happy Belly Food Group has successfully closed a private placement with K2 & Associates, a Toronto-based hedge fund, raising $2 million through the issuance of 2,000 convertible debentures. Each debenture is worth $1,000, carries a 12% annual interest rate, and matures in three years. Investors can convert debentures to common shares at $0.75 per share, with additional conversion provisions if shares trade above $1.50. The funds will bolster Happy Belly's balance sheet and support both organic and inorganic growth strategies, including material M&A opportunities. No finder's fees were incurred.
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