Welcome to our dedicated page for Happy Belly Food Group news (Ticker: $VGANF), a resource for investors and traders seeking the latest updates and insights on Happy Belly Food Group stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Happy Belly Food Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Happy Belly Food Group Inc. announces the securing of a real estate location for its Heal Wellness brand at the University of Alberta Campus, marking the third secured location for Heal in Western Canada. This strategic location is expected to provide huge organic foot traffic and exposure to the brand, targeting the 42,000 student base at the university. The company anticipates a significant number of openings in 2024 across Canada, accelerating its growth organically and through franchising. The rapid expansion of the Heal Wellness brand is a prime example of the company's ability to execute an asset light franchise model, with plans to increase corporate store development and supplemental growth from the franchise program.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the launch of their franchising program for Joey Turks Island Grill with the signing of a 30 unit area development agreement for the province of Ontario on January 9th, 2024. The company aims to utilize an asset-light approach for the growth of Joey Turks Island Grill, marking the fifth brand of Happy Belly to enter their accelerated franchising program. With commitments for 240 franchised units across five brands in Canada, the company is focused on driving both top line and bottom line growth.
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9.11%
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) has signed a binding LOI agreement to acquire 100% of CraveIt Restaurant Group's Via Cibo Restaurant Chain, marking the largest M&A deal to date. Via Cibo is an all-franchised system with established locations in Ontario and Alberta, debt-free, and cashflow positive. The transaction involves board members of Happy Belly and is expected to close within Q1 2024. The projected system sales for 2024 are $9,650,000, and the earn-out will be paid in all stock, showing a real commitment by the founders of CraveIt in the future success of Happy Belly.
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12.78%
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Coho Collective Kitchens Inc. (TSXV: COHO) has signed a strategic consulting agreement with Next Level Partners, a division of Happy Belly Food Group, to drive growth and market expansion. This collaboration brings industry expertise and successful national expansion strategies to Coho, positioning the company for strategic growth and solidifying its position as an industry leader.
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-3.87%
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) has signed a definitive franchise acquisition agreement to acquire 50% of Yolk's Breakfast Inc, a boutique restaurant brand serving breakfast and brunch delights in the Vancouver area. The acquisition aims to diversify the company's portfolio and accelerate franchise development across Canada. The asset-light franchise model is expected to drive organic growth and deliver shareholder value.
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the signing of a ten-unit term sheet for its Heal Wellness brand in Florida, marking the company's entry into the US market. The company is preparing for franchising and real-estate search to establish its presence in the United States, aiming for continued growth and expansion.
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1.34%
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Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) announces the signing of the first real estate location for its Heal Wellness brand in Alberta, marking a milestone in its franchising and organic growth strategy. The company plans to open the location in Sherwood Park, Alberta in Q2 2024, with further expansions across Western Canada anticipated. The rapid expansion of the Heal Wellness brand is expected to drive free cash flow and accelerate corporate store development, in line with the company's growth objectives.
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Happy Belly Food Group Inc. (HBFG) announces strong financial results and corporate updates for Q3 2023
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-10%
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Happy Belly Food Group Inc. (HBFG) announces the opening of its 100% owned Caribbean restaurant, Joey Turks, in Hamilton, Ontario. The company aims to replicate the success of its Mucho Burrito brand by creating a fast casual Caribbean brand from scratch. With no clear leader in the fast casual Caribbean sector in Canada, the company plans to leverage its expertise in building successful brands to scale Joey Turks into a national franchise model, focusing on great food, great people, and great real estate.
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2.41%
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Happy Belly Food Group Inc. (HBFG) is preparing its first QSR brand, Heal Wellness, for entry into the United States. The company is experiencing significant corporate unit growth in Canada and high demand for franchising offerings globally. Happy Belly has already registered its US trademark for Heal Wellness and is fast-tracking its application while preparing materials for a franchising framework in the US. The company has begun discussions for franchising and real estate locations in several southern states of the US. Sean Black, Chief Investment Officer, anticipates completing the US franchise structure prior to the end of fiscal 2023.
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17.73%
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Happy Belly Food Group Inc.
OTC:VGANF
VGANF Rankings
VGANF Stock Data
28.61M
101.37M
11.72%
0.61%
Packaged Foods
Consumer Defensive
United States of America
Vancouver