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.
Happy Belly Food Group Inc. reports developments tied to its multi-brand restaurant platform and strategy of acquiring and scaling emerging food brands. The company’s recurring updates focus on quick-service and fast-casual concepts, franchise growth, real estate secured for new locations, corporate restaurant openings, and brand-level expansion across Canadian markets.
News for HBFGF commonly covers Heal Wellness, iQ Food Co., Yolks Breakfast, Rosie's Burgers, Via Cibo Italian Street Food and other portfolio brands. Updates also include area development agreements, multi-unit franchise relationships, QSR systemwide sales, audited results, and corporate acquisition activity within franchised and asset-light restaurant concepts.
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.
Happy Belly Food Group announces partnership with Cadillac Fairview to open three portfolio brands at CF Shops at Don Mills in 2025. IQ Foods and Heal Wellness will share a 1,500 square foot store, marking IQ Foods' 6th location and Heal Wellness' 47th location. Rosie's Burgers will open its 9th retail location at the centre. This expansion aligns with Happy Belly's strategy of shared space combinations and premium location acquisitions. The company currently has 421 contractually committed retail locations across its portfolio brands, with five restaurant brands under simultaneous construction.
Happy Belly Food Group has announced the signing of its 46th HEAL Wellness franchise and secured a location at 301 Queen Street South in Bolton, Ontario. This marks the company's 14th Ontario-based location for the quick-serve restaurant chain specializing in smoothie bowls, acai bowls, and smoothies. The company currently has 421 contractually committed retail locations across all its emerging brands portfolio, with multiple locations under construction planned to open before the end of 2024. Happy Belly emphasizes its successful asset-light franchising model, providing comprehensive training and mentorship to franchisees.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has opened its newest HEAL Wellness location in Edmonton's North Town Center, co-located with Blenz Coffee. This marks the company's 13th location across 3 provinces, operating as a quick-service restaurant specializing in smoothie bowls, acai bowls, and smoothies. The company currently has 45 signed franchise agreements for HEAL and multiple units under construction. Happy Belly's portfolio includes 421 contractually committed retail locations across all brands, highlighting their successful asset-light franchising model and expansion strategy.
Happy Belly Food Group (CSE: HBFG) reported its 10th consecutive record quarter for Q3 2024. Total revenues increased 69% to $2.54M compared to Q3 2023, with system sales across QSR brands rising 488% to $8.52M. The company achieved positive EBITDA in both QSR ($0.68M) and CPG ($0.11M) segments. Notable achievements include normalized adjusted EBITDA of $198,219, representing a 265% increase, and the first-ever net comprehensive gain of $39,391 from cash operating activities. The quarter saw 4 new restaurant openings and the acquisition of IQ Foods with 4 locations. The company maintains a strong working capital position of $3.59M and total cash equivalents of $3.64M.
Happy Belly Food Group announces signing its 45th franchise agreement for Heal Wellness brand in Kingston, Ontario. Since acquisition, Heal has expanded from 2 to 12 operating locations across three provinces. The company reports 421 contractually committed retail locations across all brands in their portfolio. Heal Wellness, focusing on smoothie bowls and wellness foods, is part of Happy Belly's asset-light franchising model. The company expects multiple brand openings throughout 2024-2025, with five restaurant brands currently under construction.
Happy Belly Food Group announces securing a new location for its Heal Wellness brand at 1819 Avenue Road in Toronto, marking the 10th Heal location in Ontario and 5th in Toronto. The location, set to open in Q1 2025, represents the third store for an existing multi-unit franchisee within a year. The company highlights having 421 contractually committed retail locations across all brands in development, under construction, or already open. Heal Wellness, specializing in smoothie bowls, acai bowls, and smoothies, is expanding in Toronto's health-conscious market through an asset-light franchising model.
Happy Belly Food Group has secured a real estate location at Chapman Mills Marketplace in Barrhaven, Ottawa for its Via Cibo franchise. This marks the second Via Cibo location in Ottawa, following the success of their Kanata outlet. The new location, set to open in spring 2025, will be situated among anchor tenants Loblaws, Walmart, and Cineplex Odeon. The company currently has 421 contractually committed retail locations across all brands in their portfolio, with five restaurant brands under simultaneous construction. Via Cibo specializes in fast casual Italian street food, focusing on traditional ingredients and chef-driven culinary experiences.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has secured a franchisee and retail location for its Rosie's Burgers brand in Hamilton, Ontario. The company highlights Hamilton's strategic importance due to its growing population, diverse demographics, and thriving retail sector. The expansion is part of Happy Belly's broader growth strategy, which includes 421 contractually committed retail locations across their brand portfolio. The company emphasizes their asset-light franchise model and indicates that five of their restaurant brands are currently under construction, with multiple openings planned throughout 2024-2025.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has signed a definitive agreement to acquire 50% of SALUS Fresh Foods Restaurant Chain. The acquisition, valued at $300,000 in Happy Belly shares, represents the company's fourth acquisition of 2024. SALUS, a 100% franchised system with nine locations in Ontario, has shown +19% year-over-year same-store sales growth. The deal marks Happy Belly's ninth restaurant brand and eleventh food brand overall, bringing their total operating count to 46 restaurants. Happy Belly has secured rights to acquire the remaining 50% at their discretion.