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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. (VGANF) has closed on the 50% acquisition of Yolks Breakfast Inc., a boutique restaurant brand serving breakfast and brunch delights in the Vancouver area. The acquisition is aligned with the company's strategic plan and goals of delivering shareholder value through accretive M&A. Happy Belly looks forward to working with Yolks to build it into a leading nationally recognized breakfast chain, with new franchised locations already being sourced through an aggressive Canada-wide franchising program.
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Happy Belly Food Group Inc. announces the securing of a lease for its second co-branded store featuring Lettuce Love Café and Heal Wellness QSRs in Toronto's Bloor-West Village. The new location is set to open on 2241 Bloor Street West, offering a perfect layout with indoor seating and a large corner patio. The company plans to utilize its multiple brands to secure more premium street-front locations while continuing to grow organically and inorganically through franchising and M&A.
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Happy Belly Food Group Inc. announces the securing of a real estate location for its Heal Wellness brand at the University of Alberta Campus, marking the third secured location for Heal in Western Canada. This strategic location is expected to provide huge organic foot traffic and exposure to the brand, targeting the 42,000 student base at the university. The company anticipates a significant number of openings in 2024 across Canada, accelerating its growth organically and through franchising. The rapid expansion of the Heal Wellness brand is a prime example of the company's ability to execute an asset light franchise model, with plans to increase corporate store development and supplemental growth from the franchise program.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the launch of their franchising program for Joey Turks Island Grill with the signing of a 30 unit area development agreement for the province of Ontario on January 9th, 2024. The company aims to utilize an asset-light approach for the growth of Joey Turks Island Grill, marking the fifth brand of Happy Belly to enter their accelerated franchising program. With commitments for 240 franchised units across five brands in Canada, the company is focused on driving both top line and bottom line growth.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) has signed a binding LOI agreement to acquire 100% of CraveIt Restaurant Group's Via Cibo Restaurant Chain, marking the largest M&A deal to date. Via Cibo is an all-franchised system with established locations in Ontario and Alberta, debt-free, and cashflow positive. The transaction involves board members of Happy Belly and is expected to close within Q1 2024. The projected system sales for 2024 are $9,650,000, and the earn-out will be paid in all stock, showing a real commitment by the founders of CraveIt in the future success of Happy Belly.
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Coho Collective Kitchens Inc. (TSXV: COHO) has signed a strategic consulting agreement with Next Level Partners, a division of Happy Belly Food Group, to drive growth and market expansion. This collaboration brings industry expertise and successful national expansion strategies to Coho, positioning the company for strategic growth and solidifying its position as an industry leader.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) has signed a definitive franchise acquisition agreement to acquire 50% of Yolk's Breakfast Inc, a boutique restaurant brand serving breakfast and brunch delights in the Vancouver area. The acquisition aims to diversify the company's portfolio and accelerate franchise development across Canada. The asset-light franchise model is expected to drive organic growth and deliver shareholder value.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the signing of a ten-unit term sheet for its Heal Wellness brand in Florida, marking the company's entry into the US market. The company is preparing for franchising and real-estate search to establish its presence in the United States, aiming for continued growth and expansion.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the signing of the first real estate location for its Heal Wellness brand in Alberta, marking a milestone in its franchising and organic growth strategy. The company plans to open the location in Sherwood Park, Alberta in Q2 2024, with further expansions across Western Canada anticipated. The rapid expansion of the Heal Wellness brand is expected to drive free cash flow and accelerate corporate store development, in line with the company's growth objectives.
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Happy Belly Food Group Inc. (HBFG) announces strong financial results and corporate updates for Q3 2023
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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
United States of America
Vancouver