HAPPY BELLY FOOD GRP INC - VGANF STOCK NEWS

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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) is a prominent consolidator of emerging food brands, focusing on expanding its franchise program and organic growth. Recently, the company upsized its multi-unit franchise agreement for Heal Wellness, a fresh smoothie bowl and acai bowls QSR, across various cities. The franchise program offers comprehensive training, mentorship, and resources to ensure franchisees' success, attracting a steady stream of investors.

In addition to franchise expansion, Happy Belly achieved a substantial growth in total revenues, recording significant year-over-year improvements. The company's QSR and CPG divisions displayed positive EBITDA gains and strong operating results, highlighting financial discipline and operational efficiency. With a robust balance sheet and net working capital, the company is well-positioned for future growth through organic development and strategic M&A opportunities.

Corporate highlights include the expansion of CPG division with international orders, new franchising agreements, and successful acquisitions of Via Cibo and Yolks Breakfast Inc. The company's brands continue to secure real estate locations in prime urban areas, such as Kitsilano in Vancouver, showcasing strategic growth initiatives and market penetration strategies.

05/03/2024 07:34 AM

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Happy Belly Appoints Former Tim Horton's Head of Development Finance, Analytics, and Franchise Profitability as Chief Financial Officer as Franchising Growth Continues to Accelerate

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Happy Belly Food Group Inc. appoints former Tim Horton's executive, Gary Fung, as Chief Financial Officer to support the company's accelerating growth in franchising. Fung brings valuable experience in finance, analytics, and franchise profitability. The company is experiencing a surge in signed franchise agreements and organic growth, leading to Fung's promotion. His role involves overseeing financial operations, developing analytics, and driving strategic growth to maximize shareholder value. The move signifies a new phase of growth for Happy Belly as it continues its expansion in the food industry.

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05/01/2024 08:30 AM

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Happy Belly's Fast Casual Italian Brand Via Cibo Signs 15-Unit Area Development Agreement in Ontario

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Happy Belly Food Group Inc. announces the signing of a 15-unit area development agreement for the fast casual Italian brand Via Cibo in Ontario. The agreement will lead to the opening of franchised restaurants serving traditional Italian street food. This partnership signifies growth and expansion for Happy Belly in Canada, with commitments for 280 franchised units across seven brands.

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04/24/2024 07:01 AM

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Happy Belly Closes Acquisition of CraveIT Restaurant Group's Via Cibo Restaurant Chain

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Happy Belly Food Group Inc. (CSE: HBFG) has successfully closed the acquisition of CraveIt Restaurant Group's Via Cibo Restaurant Chain, marking a significant milestone in their journey to become a leading consolidator of emerging food brands. The transaction involves the incorporation of Via Cibo as the 7th restaurant brand and 9th brand overall for Happy Belly. Via Cibo, known for its fast casual Italian street food, is an asset-light entity with established locations in Ontario and Alberta. The acquisition aligns with Happy Belly's financial metrics and growth criteria, providing immediate synergies in supplier contracts, operational systems, and shared resources. The transaction is non-arms length and involves board members, ensuring transparency and fairness. The company has strategically onboarded key team members to accelerate growth and enhance operational excellence. With this acquisition, Happy Belly aims to drive both the top-line and bottom-line growth through franchising initiatives.

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04/23/2024 07:00 AM

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Happy Belly's HEAL Wellness QSR Announces the Signing of its 25th Franchise and First Enclosed Mall Location

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Happy Belly Food Group Inc. announces the signing of its 25th franchise agreement and first enclosed mall location for its Heal Wellness brand, showcasing rapid growth and expansion. The company is strategically positioning itself for increased market presence and brand recognition.

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04/19/2024 07:47 AM

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Happy Belly Food Group Announces 7th Consecutive Record Quarter, and 9th Consecutive Quarter of QoQ Growth

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Happy Belly Food Group Inc. announces its 7th consecutive record quarter and 9th consecutive quarter of QoQ growth, highlighting strong financial results and corporate achievements for the year ended December 31st, 2023. The company reported substantial revenue growth, improved gross profit margins, positive EBITDA in both the CPG and QSR divisions, and a healthy balance sheet. Strategic partnerships, acquisitions, franchise agreements, and store openings indicate a robust growth strategy and expansion plans. The company's performance reflects disciplined financial management, operational excellence, and a commitment to shareholder value.

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04/18/2024 07:30 AM

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Happy Belly's HEAL Wellness QSR Announces the Signing of Its 24th Franchise and Secured Real-Estate in the City of Edmonton, Alberta

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Happy Belly's HEAL Wellness QSR has signed its 24th franchise agreement and secured real estate in Edmonton, Alberta, marking significant growth for the brand. The franchise program is expanding rapidly, with a total of 24 franchises signed in the last 14 months and 6 in Alberta alone. The new location is set to open in Q3 2024 at Edmonton's North Town Centre, showcasing the brand's success in attracting franchisees nationwide. The positive impact of the franchise initiative on the brand's growth is evident, with plans for further expansion across Canada.

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04/17/2024 07:00 AM

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Happy Belly's Joey Turks Island Grill QSR Announces the Signing of the Brand's Second Real-Estate Location in Scarborough, Ontario

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Happy Belly Food Group Inc. announces the signing of the second real-estate location for Joey Turks Island Grill in Scarborough, Ontario, marking a significant milestone in the brand's expansion. The company showcases rapid growth with the launch of the brand, opening of the first corporate location, signing a franchisee, and securing real estate within a short timeframe. Scarborough's diverse cultural landscape and culinary scene make it an ideal location for the brand's expansion.

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04/16/2024 07:45 AM

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Happy Belly's Yolks Breakfast Signs Three-Unit Franchise Agreement in Calgary, Alberta

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Happy Belly Food Group Inc. signs a three-unit franchise agreement for Yolks Breakfast in Calgary, Alberta, marking the second multi-unit deal for the brand. The agreement reflects the company's expansion strategy and capitalizes on the growing breakfast sector.

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04/11/2024 07:00 AM

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Happy Belly's Yolks Breakfast Announces Signing of First Real-Estate Location in Canada's Capital, Ottawa, Ontario, as National Expansion Accelerates

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Happy Belly Food Group Inc. secures a real estate location for Yolks Breakfast in Ottawa, marking a significant step in their national expansion strategy. The first Yolks Breakfast location in Ontario will be in 'The Glebe', a prime area in Ottawa. With a five-unit development agreement signed with a multi-unit franchisee, Happy Belly aims to accelerate the growth of its brands across Canada.

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04/05/2024 07:00 AM

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Happy Belly's Yolks Breakfast Signs Five-Unit Franchise Agreement in Ontario

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Happy Belly Food Group Inc. signs its first multi-unit franchise agreement for Yolks Breakfast, planning to develop five full-service restaurants across Ontario. The company aims to grow Yolks brand in the hot breakfast sector with an asset-light approach and has additional franchise commitments.

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FAQ

What is the current stock price of HAPPY BELLY FOOD GRP (VGANF)?

The current stock price of HAPPY BELLY FOOD GRP (VGANF) is $0.4516 as of June 5, 2024.

What is the market cap of HAPPY BELLY FOOD GRP (VGANF)?

The market cap of HAPPY BELLY FOOD GRP (VGANF) is approximately 53.6M.

What is Happy Belly Food Group Inc. known for?

Happy Belly Food Group Inc. is recognized as a prominent consolidator of emerging food brands, focusing on franchise program expansion and organic growth.

What recent accomplishment did Happy Belly achieve?

Happy Belly recently upsized its multi-unit franchise agreement for Heal Wellness, a fresh smoothie bowl and acai bowls QSR, across various cities.

What does Happy Belly's franchise program offer to franchisees?

The franchise program provides franchisees with comprehensive training, mentorship, and resources to ensure their success, attracting a steady stream of investors.

How has Happy Belly performed financially?

Happy Belly recorded substantial growth in total revenues, reflecting significant year-over-year improvements and positive EBITDA gains in its QSR and CPG divisions.

What are some corporate highlights for Happy Belly?

Corporate highlights include the successful expansion of the CPG division, international orders, new franchising agreements, strategic acquisitions, and securing prime real estate locations like Kitsilano in Vancouver.