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 Inc. (CSE: HBFG) (OTCQB: HBFGF) has announced a three-unit franchise agreement for Joey Turks Island Grill in Scarborough, Ontario. This follows the opening of the first Joey Turks franchised location on August 14th, 2024. The agreement demonstrates confidence in the brand and validates the company's strategy in the Caribbean food market.
Sean Black, Chief Investment Officer, highlighted the rapid expansion of Joey Turks, including a 30-unit Area Development agreement in Ontario. With this new agreement, Joey Turks will have five units in total. Happy Belly's franchising program aims to drive both top and bottom-line profitability, supported by a robust support system and proven business model.
The company has an initial pipeline of 376 contractually committed retail locations across its emerging brands portfolio, indicating significant growth potential in its asset-light franchising model.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFG) has announced the signing of a franchisee for its eighth Rosie's Burgers location in Vaughan, Ontario. This marks the fifth franchise agreement in eight weeks across two provinces, with two sites already under construction. The company's Chief Investment Officer, Sean Black, highlighted that Rosie's growth is outpacing their previous burger brand, Burgers Priest, due to their asset-light franchise model.
Vaughan was chosen for its vibrant, growing community and strategic location. The city's diverse population, thriving retail and entertainment sectors, and well-developed infrastructure make it an ideal location for a Rosie's Burgers restaurant. Happy Belly Food Group aims to continue its accelerated growth both organically and through strategic M&A, with the Rosie's brand exemplifying their ability to deliver rapid organic growth through their franchise program.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has opened its newest Joey Turks Island Grill location in Scarborough, Ontario. This marks the first franchised location for the Caribbean-inspired fast-casual restaurant brand, opened just four months after securing the real estate. The new outlet is situated at 1900 Eglington Avenue East, in a diverse area with strong Caribbean cultural roots.
This opening demonstrates Happy Belly's ability to execute its accelerated growth plan, having launched the Joey Turks brand from scratch, opened a corporate location, signed a 30-unit Area Development agreement, and now opened a franchised location in just over 13 months. The company has a total of 376 contractually committed retail locations in the pipeline across all its emerging brands, focusing on an asset-light franchising model to drive revenue and profitability growth.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has announced the opening of its newest Heal Wellness franchise location in West Abbotsford, British Columbia. This marks the 10th Heal location overall, the 2nd in British Columbia, and the 5th franchised location opened by Happy Belly this year. The company has a pipeline of 60 committed units for Heal across Canada and the US.
Happy Belly's portfolio expansion includes 376 contractually committed retail locations across all its emerging brands. The West Abbotsford location is expected to tap into a growing market with a focus on health and wellness. The company is actively working on sourcing real estate, reviewing franchisee applications, and collaborating with area developers to accelerate its asset-light franchising model growth.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has secured a real estate location for its sixth Rosie's Burgers franchise in Burlington, Ontario. The new location will be at 2500 Appleby Line, joining Starbucks and other premium retailers on a high-profile corner. This development comes just 30 days after announcing the signing of a franchisee for this location, demonstrating the company's efficient process in securing premium locations.
This marks the first of a contractually committed 30 units for Rosie's in Ontario, aligning with Happy Belly's strategy for disciplined organic growth. The company chose Burlington for its vibrant dining scene, strong community, high standard of living, and strategic location between Toronto and Hamilton. Happy Belly aims to leverage this expansion to enhance shareholder value and establish a stronger presence in the QSR space.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has signed a binding LOI agreement to acquire 50% of SALUS Fresh Foods, a QSR restaurant chain with nine locations in Ontario. This marks Happy Belly's third acquisition in 2024, bringing their total to eight restaurant brands and ten brands overall. SALUS Fresh Foods is experiencing a +19% increase in same-store sales YOY. The acquisition details include:
- Happy Belly will issue shares worth $300,000 for 50% ownership
- Estimated purchase price of 4x EBITDA
- Closing expected within 30-90 days
- Option to acquire remaining 50% in the future
This acquisition aligns with Happy Belly's strategy of consolidating emerging food brands and is expected to bring synergies in operations, franchising, and expansion opportunities.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has announced the signing of its first franchisee in Quebec for Yolks Breakfast, expanding its national franchising program to four provinces. This marks the ninth new franchisee agreement for Yolks since its acquisition seven months ago, bringing the brand's total to twelve. The company now has commitments for 376 franchised units across seven brands and four Canadian provinces.
The new Yolks location will be in Montreal's West Island vicinity. Happy Belly's Chief Investment Officer, Sean Black, highlighted the rapid progress, noting that the first Quebec franchisee was signed just five weeks after announcing a 26-unit area development agreement for the province. The company's asset-light franchise model continues to attract significant interest, with the breakfast category being one of the fastest-growing sectors in the restaurant industry.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has signed a significant area development agreement for its Heal Wellness brand in Ontario. The deal, signed on July 23rd, 2024, involves opening 40 franchised restaurants in the province, focusing on fresh smoothie bowls, acai bowls, and smoothies.
This agreement is part of Happy Belly's strategy to accelerate growth in the health and wellness category, which is described as one of the fastest-growing sectors in the restaurant industry. The area developer, Scott Grandin, is praised for his expertise in brand development in Ontario.
Happy Belly now has a total of 366 contractually committed retail locations in its portfolio, including 90 for Heal alone. The company is actively working on sourcing real estate, evaluating franchisee applications, and collaborating with area developers to expand its asset-light franchising model across Canada.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has announced the opening of its newest Heal Wellness franchise in Sherwood Park, Alberta on July 20th, 2024. This marks the second Heal store opening in Western Canada in the past six weeks, with seven more locations under construction in Alberta and British Columbia. The company has a contractual commitment of 50 units for Heal in Western Canada.
The new location at 905-8005 Emerald Drive is the first Heal Wellness in Alberta. Happy Belly currently has six QSR brands with new locations under construction across Canada. The company anticipates that the Sherwood Park location will significantly extend Heal's customer base in a rapidly growing area that aligns well with the brand's health-focused demographics.
Happy Belly has a total of 326 contractually committed retail locations in the pipeline across all its emerging brands. The company is focusing on sourcing real estate locations, reviewing franchisee applications, and working with area developers to accelerate the growth of its asset-light franchising model.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) has announced the signing of a franchisee for its seventh Rosie's Burgers location in Oakville, Ontario. This marks the fourth franchise agreement in the last four weeks, spanning two provinces. Rosie's Burgers, a boutique QSR brand, offers smash burgers, poutine, onion rings, and milkshakes.
Sean Black, Chief Investment Officer, noted that Rosie's growth is outpacing the early success of their previous brand, Burgers Priest, attributing this to their asset-light franchise model. Oakville was chosen for its affluent population, higher-than-average median household income, and thriving retail environment, making it an ideal market for Rosie's expansion.