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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. (HBFG) announces the opening of its 100% owned Caribbean restaurant, Joey Turks, in Hamilton, Ontario. The company aims to replicate the success of its Mucho Burrito brand by creating a fast casual Caribbean brand from scratch. With no clear leader in the fast casual Caribbean sector in Canada, the company plans to leverage its expertise in building successful brands to scale Joey Turks into a national franchise model, focusing on great food, great people, and great real estate.
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Happy Belly Food Group Inc. (HBFG) is preparing its first QSR brand, Heal Wellness, for entry into the United States. The company is experiencing significant corporate unit growth in Canada and high demand for franchising offerings globally. Happy Belly has already registered its US trademark for Heal Wellness and is fast-tracking its application while preparing materials for a franchising framework in the US. The company has begun discussions for franchising and real estate locations in several southern states of the US. Sean Black, Chief Investment Officer, anticipates completing the US franchise structure prior to the end of fiscal 2023.
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Happy Belly Food Group Inc. (HBFG) has announced the securing of a new store location for the opening of a 3rd Rosie's Burgers at the Well in downtown Toronto. This expansion reflects the company's commitment to accelerating growth and expanding its footprint in the QSR space. The new location is scheduled to open in Q1 2024, showcasing the company's confidence in its ability to grow a nationwide smash burger brand. Happy Belly is actively engaging in conversations with various groups across Canada to further expand its brand portfolio.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the signing of an area development agreement for the province of Alberta for the opening of 20 franchised restaurants of Rosie's Burgers, a boutique QSR restaurant brand. This agreement follows a previous announcement for 30 units in Ontario, bringing the total to 50 units in development. Happy Belly now has commitments for 210 franchised units across four brands in three Canadian provinces, marking a significant growth phase for the company.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces securing a real estate location for its Heal Wellness brand in Chilliwack, British Columbia, marking the first of fifty units committed through the area development program. The company anticipates significant openings in 2024 across Canada and aims to accelerate growth through franchising and M&A. The expansion into Chilliwack aligns with the city's rapid growth and demographic potential, presenting a promising opportunity for the brand.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the signing of an area development agreement for the province of Ontario for the opening of 30 franchised restaurants of Rosie's Burgers, a boutique QSR restaurant brand. The company anticipates accelerating the rollout of Rosie's Burgers using its successful asset-light approach. The signing of commitments for 190 franchised units across four brands in Canada reflects the company's accelerated franchise growth strategy.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the addition of a Senior Vice President of Finance due to continued franchising demand and steady organic growth. Gary Fung, with 15 years of experience at Tim Hortons, will oversee growth verticals. The company is experiencing steady franchise agreement signings and organic growth, and Gary Fung's expertise is seen as a perfect match for the company's current and future growth stages.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the successful acquisition of boutique QSR restaurant brand Rosie's Burgers, aiming for organic growth through nationwide franchising. The company's Chief Investment Officer expressed excitement for the partnership and the potential for rapid expansion, aligning with their strategic plan to deliver shareholder value through accretive M&A.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the signing of a franchisee for a St. Catharines location for its Heal Wellness brand, a fresh smoothie bowls, acai bowls, smoothies, and delicious breakfast waffles quick serve restaurant. The company is leveraging its previous success in franchising to accelerate the growth of its brands in an asset light model. This agreement for Heal Wellness marks the brands eighth franchised unit in Ontario, bringing the brands total signed franchise agreements to eighteen since launching the accelerated franchising framework in 2023.
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Happy Belly Food Group Inc. has signed a franchise acquisition agreement to acquire Rosie's Burgers, a boutique QSR restaurant brand. The company aims to accelerate franchise development and real estate growth across Canada.
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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