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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 announces multi-unit franchise agreement for Heal Wellness. Five Heal Wellness stores will be developed in major cities in Alberta. This brings the total signed franchise agreements for Happy Belly to 27 across all brands.
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Happy Belly Food Group Inc. has signed a multi-unit franchise agreement for Heal Wellness, a fresh smoothie bowl and breakfast waffles restaurant. Five Heal Wellness stores will be developed across major British Columbian markets. This agreement brings the total number of Heal Wellness locations to twelve. The anticipated opening of these locations will commence in Q1 2024.
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Happy Belly Food Group announces new client for accelerated growth strategy
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Happy Belly Food Group signs franchise agreement for Lettuce Love Café
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Happy Belly Food Group signs multi-unit franchise agreement for Heal Wellness, adding 6 stores in Toronto GTA markets. Happy Belly's franchising model continues to deliver results.
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Happy Belly Food Group signs franchisee for PIRHO Fresh Greek Grill in Oakville, Ontario, accelerating growth of brands. Anticipates accelerated growth within the PIRHO franchising program. Happy Belly has also signed a franchisee for its Heal Wellness brand. Continues to execute on qualified franchisee leads across all brands.
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Happy Belly Food Group announces signing of first franchisee and new real estate location for Heal Wellness brand
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Happy Belly Food Group Inc. reports profitable quarter with record revenue growth and improved gross margin. Q2 2023 revenue of $1.32 million (+113% YoY, +27% QoQ). Net losses decreased by 34% QoQ. Franchising program initiated. Gross margin increased to 52%. Healthy cash balance of $1.45 million. Positive brand highlights with revenue increases for Heal Wellness, Lettuce Love, Holy Crap Cereals and Oatmeal, and LumberHeads Popcorn. Several corporate highlights including financing, expansion, and acquisitions.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announced the successful closure of its oversubscribed non-brokered private placement of unsecured convertible debentures, raising gross proceeds of $645,000.00 CDN. The debentures have a principal amount of $1,000 each, a 60-month term, and earn interest at 12% per annum payable quarterly. They are convertible into common shares at a conversion price of $0.30 per share. No broker fees, warrants, or finders' fees were paid in the closing of this financing.
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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
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United States of America
Vancouver