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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. has entered the Caribbean fast casual sector with the launch of its subsidiary brand, Joey Turks Island Grill. The company aims to establish a national chain and plans to execute a corporate and franchise store growth strategy. Happy Belly plans to open its first store in Q3.
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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