Happy Belly Food Group Inc Stock Price, News & Analysis

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.

Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has opened its first franchised PIRHO Fresh Greek Grill location in Calgary's Glenmore Landing. This marks the first of thirty planned locations under their Area Development agreement for Alberta. The new location joins established brands like Safeway, Starbucks, McDonald's, and COBS Bread. CEO Sean Black emphasized PIRHO's potential to become a category leader in Canada, similar to Cava Grill in the US. The company currently has 421 contractually committed retail locations across all brands in their portfolio, with five restaurant brands under simultaneous construction.

Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has signed a 25-unit area development agreement for iQ Food Co. in Ontario. This follows the recent 100% acquisition of iQ Foods and appointment of Randall Papineau as iQ Brand President. The company has also opened its first licensed location in collaboration with Oliver & Bonacini at CF Toronto Eaton Centre and signed agreements for 20 new stores in Alberta.

CEO Sean Black highlighted that Happy Belly now has 421 contractually committed retail locations across its portfolio brands. The company is focusing on an asset-light franchising model, with five restaurant brands currently under construction. iQ Food Co., positioned in the premium healthy eating sector, offers a range of wholesome options including bowls, smoothies, sandwiches, soups, and salads.

Happy Belly aims to continue its accelerated franchise growth, leveraging its partnership with Area Developer Scott Grandin, who oversees Central Canada development for multiple Happy Belly brands.