Welcome to our dedicated page for Happy Belly Food Group news (Ticker: HBFGF), a resource for investors and traders seeking the latest updates and insights on Happy Belly Food Group stock.
The Happy Belly Food Group Inc. (HBFGF) news page on Stock Titan aggregates company-issued updates and announcements for investors and followers of this multi-brand restaurant platform. Happy Belly describes itself as a leader in acquiring and scaling emerging food brands, with a portfolio that includes Heal Wellness, Rosie’s Burgers, Yolks Breakfast, Via Cibo Italian Street Food, and other concepts.
News about Happy Belly frequently covers the expansion of its quick-service restaurant (QSR) and fast-casual brands. Recent releases highlight new real estate commitments and grand openings for Heal Wellness locations in markets such as Alberta and Ontario, as well as secured sites and development agreements in U.S. states like Texas and Colorado. Other updates describe the growth of Rosie’s Burgers in Western Canada and the signing of multi-unit development agreements for Via Cibo Italian restaurants in Alberta.
Investors can also find announcements related to capital allocation and portfolio focus, such as the company’s binding letter of intent to sell Holy Crap Foods, its cereal and oatmeal brand, in order to concentrate resources on its QSR businesses. Executive appointments, including additions to the finance leadership team with experience in franchised restaurant systems, are another recurring topic in the company’s news flow.
By following this page, readers can review historical press releases on franchising agreements, brand openings, strategic transactions, and management changes that shape Happy Belly’s approach to scaling its restaurant brands across Canada and into the United States.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has successfully closed its sixth consecutive above-market non-brokered private placement, raising CAN$500,000 through the issuance of 333,333 units at CAN$1.50 per unit. Each unit comprises one common share and one transferrable warrant, with warrants exercisable at CAN$1.50 for 12 months from closing.
The company recently acquired Smile Tiger Coffee Roasters, establishing its presence in the coffee, tea, bubble tea, energy drinks, and refreshers category. The financing will support both organic and inorganic growth initiatives in 2025, with a focus on pursuing cash-flow accretive M&A opportunities and achieving a cash flow positive state.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has signed a definitive agreement to acquire 100% of Smile Tiger Coffee Roasters, marking its entry into the coffee sector. The acquisition, valued at $250,000 (split between shares and cash), represents approximately 3.3x EBITDA based on Smile Tiger's projected 2024 sales exceeding $1,000,000.
Smile Tiger operates as a corporate-owned retail location in Kitchener, offering walk-in service, nationwide online sales of consumer-packaged goods (CPG), and white-label products. As a coffee roaster, it enables large-scale commerce opportunities, including supplying Happy Belly's existing brands across Canada.
The acquisition aligns with Happy Belly's consolidation strategy focusing on the '3 P's': People, Product, and Process. The company plans to leverage its leadership team's extensive coffee industry experience, including executives with backgrounds from Tim Hortons, Second Cup, and Balzac's Coffee, to drive immediate brand acceleration and integration.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has appointed John Grieve as Regional Vice President of Operations for Western Canada. The appointment comes after 10 consecutive record-breaking quarters of growth through organic expansion and strategic acquisitions. Grieve, formerly with Fat Burger, brings extensive experience from senior leadership roles at various restaurant groups including CraveIt Restaurant Group, Five Guys Burgers and Fries, and Edo Japan.
In his new role, Grieve will oversee Happy Belly's Western Canada operations, working with brand managers, franchisees, and corporate teams to align operational strategies with growth goals. He will focus on optimizing operational efficiency, enhancing guest experience, and supporting the expansion of franchised and corporate-owned locations, particularly for brands including Rosie's Burgers, Heal, and Via Cibo.
Happy Belly Food Group has secured a new location for Rosie's Burgers at 1542 Avenue Road in Toronto's Avenue & Lawrence neighborhood, set to open in Q2 2025. This marks the second planned corporate Rosie's location for 2025, alongside the Shops of Don Mills location.
Since its acquisition less than a year ago, Rosie's has expanded from two GTA locations to four operational sites across two provinces, with an additional 12 locations either corporate-owned, assigned to franchisees, or under construction. The company has 421 contractually committed retail locations across all Happy Belly Portfolio brands.
Rosie's Burgers is a boutique quick-serve restaurant specializing in smash burgers, poutine, onion rings, and milkshakes. The new location in North Toronto's affluent neighborhood is expected to benefit from the area's dense population and strong delivery potential.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has announced a strategic non-brokered private placement offering of up to 333,3333 units at CAN$1.50 per unit, aiming to raise CAN$500,000. Each unit includes one common share and one warrant, with warrants exercisable at CAN$1.50 for 12 months.
This marks the company's fourth consecutive above-market financing, reflecting strong market support. The proceeds will be used for organic growth and future acquisitions. Happy Belly currently has 421 contractually committed retail locations across its portfolio brands, with multiple restaurants under construction and planned openings throughout 2024-2025.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has secured a new location for its HEAL Wellness brand in Calgary's Kensington area. This marks the 7th secured location out of 10 committed units for their multi-unit franchisee in Alberta. The location is expected to open in Q2 2025.
HEAL Wellness, a quick-service restaurant specializing in smoothie bowls, acai bowls, and smoothies, is expanding in a densely populated area that aligns with the brand's demographics. The company currently has 421 contractually committed retail locations across all emerging brands in the Happy Belly portfolio, with multiple restaurant brands under simultaneous construction.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has announced the signing of its 13th franchise for Yolks Breakfast in the Greater Vancouver Area. This marks the 10th new franchise agreement since acquiring Yolks eleven months ago. The company now has franchise agreements across British Columbia, Alberta, Ontario, and Quebec, with 51 units contractually committed with area developers for Yolks.
The company's asset-light franchising strategy has attracted significant interest, with a total of 421 contractually committed retail locations across all Happy Belly Portfolio brands. The breakfast category remains one of the fastest-growing sectors in the restaurant industry, and the company provides comprehensive training, mentorship, and resources to help franchisees succeed.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) announces the opening of a new co-branded store in Toronto's Bloor-West Village, featuring Lettuce Love Café and Heal Wellness QSRs. The location at 2241 Bloor Street West will open on December 7th, 2024, marking the second co-branded location for these brands, with a third under construction in Hamilton's Westdale Village.
This represents the second Lettuce Love location and 14th Heal Wellness store. The street-front location features indoor seating and a corner patio. The company currently has 421 contractually committed retail locations across all brands in development, under construction, or already open. A third co-branded store is anticipated to open in Q1 2025.
Happy Belly Food Group has secured a real estate location in Whitby's Taunton Gardens for its HEAL Wellness franchise, marking its 15th Ontario-based location. The QSR, specializing in smoothie bowls, acai bowls, and smoothies, will be situated alongside major retailers like LA Fitness and Farm Boy. The company currently has 421 contractually committed retail locations across all brands in the Happy Belly Portfolio. HEAL's expansion in Whitby targets a health-conscious demographic in the Greater Toronto Area, with several locations under construction and plans for continued growth throughout North America in 2025.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has opened its first Rosie's Burgers location in Calgary, Alberta at 1509 8th Street Southwest. This opening marks the beginning of a 20-unit commitment for Alberta. The new location is strategically positioned in Calgary's Beltline district, targeting professionals, residents, and visitors.
The company currently has 421 contractually committed retail locations across all its emerging brands portfolio. Rosie's Burgers is a boutique QSR restaurant specializing in smash burgers, poutine, onion rings, and milkshakes.
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