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. (HBFGF) operates as a consolidator of emerging food brands through an asset-light franchising model and strategic acquisitions in the quick service restaurant sector. This page provides investors and industry observers with timely updates on corporate developments, financial milestones, and operational strategies shaping the company's growth trajectory.
Access a centralized repository of official press releases, earnings reports, and partnership announcements. Track updates across key areas including brand acquisitions, supply chain expansions, and leadership changes. The curated collection enables efficient monitoring of HBFGF's progress in scaling its multi-brand portfolio while maintaining operational efficiency.
Content highlights include strategic initiatives in food service consolidation, franchise network developments, and market positioning within Canada's competitive QSR landscape. All materials are sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for convenient access to verified information about Happy Belly Food Group's business activities. Check regularly for updates on how the company continues to execute its growth strategy through disciplined acquisitions and franchisee support programs.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has acquired 100% of IQ Foods Co., a Toronto-based QSR brand with four locations. This acquisition marks Happy Belly's largest single acquisition of corporate-owned stores to date. IQ Foods offers healthy bowls, smoothies, sandwiches, soups, and salads, catering to health-conscious consumers.
The acquisition includes four strategically located stores in Toronto's financial district and near fitness centers. The combined projected system sales across the four locations is $4.0 million, with a 10.3% year-to-date sales growth. Forecasted EBITDA is $300,000 after corporate expenses.
This acquisition is part of Happy Belly's strategy to consolidate emerging brands within sectors, focusing on the premium healthy and clean eating vertical. With this acquisition, Happy Belly will have 36 restaurants in its portfolio, increasing to 45 following the closing of the Salus Fresh Foods acquisition.
Happy Belly Food Group (CSE: HBFG) (OTCQB: HBFGF) has announced the opening of its 11th Heal Wellness location in Toronto, Ontario. This marks the company's 5th franchised Heal Wellness store and 7th restaurant opening in 2024. The new location at 577 St. Clair Avenue West is expected to extend Heal's customer base in a densely populated area.
Key highlights:
- Happy Belly has a commitment for 376 units in its pipeline across Canada and the US
- Five of Happy Belly's brands currently have store locations under construction
- The company is experiencing a progressive stream of franchisee applications for all brands in its portfolio
- Happy Belly is leveraging its 30+ years of successful franchising experience to accelerate growth
- The company anticipates accelerating its corporate store development timeline as Heal Wellness brand's free cash flow grows
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) has appointed Sean Black as its new Chief Executive Officer. Former CEO Shawn Moniz will transition to the role of Chief Operating Officer and President. Mr. Black, with over 30 years of experience in the restaurant and franchising industry, has been leading Happy Belly's mergers and acquisitions strategy, real estate division, and franchise development for the past two years.
In his new role, Mr. Black will drive Happy Belly's strategic vision and growth initiatives in the QSR sector. His extensive background includes C-suite executive roles in both private and public companies, and experience in implementing organic and inorganic growth strategies. The company aims to strengthen its presence and market share in the QSR sector under Mr. Black's leadership.
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) announced its Q2 2024 financial results, marking its 9th consecutive record quarter. Key highlights include:
- Total revenues increased 70% to $2.30M vs $1.35M in Q2 2023
- QSR EBITDA reached $0.28M, up 33% from Q2 2023
- CPG EBITDA reached $47,826, up 385% from Q2 2023
- Gross profit improved 34% to $0.99M
- System sales across QSR brands totaled $7.55M, up 432% from Q2 2023
- Normalized adjusted EBITDA increased 178% to $29,845
- Net working capital position of $1.80M
- Total cash and cash equivalents of $4.13M
The company's growth is attributed to organic sales growth, new franchise fees, and recent acquisitions including Via Cibo and Yolks Breakfast Inc.
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.
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