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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.

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Happy Belly Food Group Inc. announces the signing of a franchisee for Joey Turks Island Grill in Scarborough, Ontario, marking the 35th franchised agreement in their portfolio. The company aims to deliver value to shareholders through rapid brand expansion and growth.
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Happy Belly Food Group Inc. announces strong growth and profitability in its Consumer Packaged Goods division, with significant achievements in international expansion, record sales orders, and increased distribution points. The company's organic brand growth strategy has led to improved unit economics and bottom-line results, with successful international orders to the Caribbean and expanded distribution in Canada. Key brands like Superseed and Oatmeal have received record purchase orders and achieved milestone sales months, showcasing the company's commitment to operational excellence and customer satisfaction.
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Happy Belly Food Group Inc. secures a new real estate location for its Heal Wellness brand in downtown Calgary, marking the third location under a five-unit franchise agreement. The company aims to expand its presence in Alberta, particularly in Calgary, due to its growth potential and economic opportunities. With plans for multiple openings in 2024, Happy Belly is focused on organic and inorganic growth through franchising and M&A.
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Happy Belly Food Group Inc. announces the opening of a new Heal Wellness location in Toronto, marking a significant milestone in their franchising expansion. With 60 franchised Heal stores in the pipeline and a total of 275 retail locations planned, the company is focused on accelerating growth through franchising. The positive impact on Happy Belly's financial health is evident, with plans for further store openings in 2024 and a strong emphasis on organic growth and strategic M&A.
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Happy Belly Food Group Inc. announces signing a franchisee for its Heal Wellness brand in Ancaster, Hamilton. The company is experiencing rapid expansion of its franchise initiative, with a focus on asset-light growth. The agreement marks the ninth franchised unit in Ontario, bringing the total signed franchise agreements to nineteen since 2023. Happy Belly aims to leverage its QSR growth brands for disciplined organic growth and anticipates increasing corporate store development alongside franchise program growth.
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Coho Collective Kitchens Inc. collaborates with Happy Belly Food Group to develop a new Purebread location in Vancouver, aiming for nationwide expansion by 2026. The partnership focuses on capturing market share in British Columbia's Kitsilano area, leveraging Happy Belly's brand expansion expertise. Purebread's new establishment on West 4th Avenue targets a diverse demographic, set to open in summer 2024.
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Happy Belly Food Group Inc. successfully closed a non-brokered private placement of unsecured convertible debentures with Trio Capital Group, raising $1,000,000. The debentures have a 36-month term with a 12% annual interest rate split into cash and deferred components. The debentures are convertible into common shares at a conversion price of C$0.50 per share. Trio Capital received 390,000 options at $0.50 for a 2-year period as part of the terms.
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Happy Belly Food Group Inc. secures a $1 million private placement of unsecured convertible debentures from Trio Capital Group Inc., aiming to accelerate organic and inorganic growth. The debentures have a 36-month term with 12% interest split into cash and deferred components, convertible into common shares at C$0.50 per share.
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Happy Belly Food Group Inc. announces securing a second real estate location for Heal Wellness in West Abbotsford, British Columbia, to expand its presence in Western Canada. The company aims to accelerate brand growth through franchising and M&A activities, with a focus on prime real estate locations and organic expansion. Possession of the new location is expected in Q2 2024, with plans for multiple openings across Canada in 2024.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) has signed an area development agreement to open 25 franchised restaurants of Yolks Breakfast in the province of Ontario. The company aims to accelerate the rollout of Yolks across British Columbia and Ontario, leveraging an asset-light approach. Happy Belly has commitments for 265 franchised units with area developers across six brands in Canada, utilizing experience from previous successful brand growth.
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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.

HAPPY BELLY FOOD GRP INC

OTC:VGANF

VGANF Rankings

VGANF Stock Data

53.64M
103.05M
12.68%
0.59%
Packaged Foods
Consumer Defensive
Link
United States of America
Vancouver