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Happy Belly Food Group
(OTC:HBFG)
Happy Belly Food Group (HBFG) vs. S&P 500 (SPY)
Happy Belly Food Group Business Overview & Revenue Model
Happy Belly Food Group Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 6.50M | 5.07M | 2.73M | 1.20M | 102.13K | 86.85K | Gross Profit |
| 2.59M | 2.62M | 1.21M | 606.57K | 102.13K | 86.85K | EBIT |
| -1.61M | -929.53K | -1.96M | -11.25M | -4.10M | -6.60M | EBITDA |
| -9.04K | -673.49K | -1.94M | -26.00M | -4.27M | -6.85M | Net Income Common Stockholders |
| -1.37M | -1.83M | -3.26M | -26.67M | -4.39M | -6.99M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.32K | 1.58M | 1.16M | 1.01M | 4.14M | 303.03K | Total Assets |
| 0.00 | 5.85M | 4.28M | 3.67M | 5.29M | 1.39M | Total Debt |
| 0.00 | 5.34M | 2.90M | 338.02K | 70.22K | 0.00 | Net Debt |
| 10.32K | 4.07M | 1.80M | -598.15K | -4.07M | -303.03K | Total Liabilities |
| 0.00 | 6.41M | 3.50M | 592.71K | 799.24K | 293.33K | Stockholders Equity |
| -92.91K | -723.22K | 716.50K | 3.05M | 4.49M | 1.10M |
| Cash Flow | Free Cash Flow | ||||
| -1.59M | -1.08M | -1.74M | -4.18M | -1.80M | -2.44M | Operating Cash Flow |
| -1.19M | -722.92K | -1.62M | -4.18M | -1.78M | -2.44M | Investing Cash Flow |
| 204.87K | -350.68K | -31.03K | -664.55K | 144.59K | -3.50K | Financing Cash Flow |
| 3.22M | 1.24M | 1.82M | 1.64M | 5.47M | 2.53M |
Happy Belly Food Group Technical Analysis
Happy Belly Food Group Peers Comparison
Happy Belly Food Group Corporate Events
Happy Belly Food Group has announced the grand opening of its latest Heal Wellness quick serve restaurant at the University of Alberta in Edmonton. This expansion highlights the company’s commitment to increasing its market presence in the healthy eating sector and may enhance its positioning within the industry.
Happy Belly Food Group Inc. has entered into a national distribution agreement with Sysco, the global leader in food distribution to establishments that prepare meals away from home. This agreement is set to enhance Happy Belly’s operational efficiency by utilizing Sysco’s extensive distribution network, which will provide consistent access to high-quality products at competitive prices, reduce food costs, and streamline inventory management. The partnership aims to improve supply chain reliability and operational efficiency, thereby supporting revenue growth and business excellence.
Happy Belly Food Group has signed a definitive agreement to acquire 100% of Smile Tiger Coffee Roasters Inc, marking its entry into the coffee sector. This acquisition aligns with Happy Belly’s strategy to consolidate brands that emphasize people, product, and process, and signifies potential for further sector expansion and menu broadening.
Happy Belly Food Group has successfully closed its sixth consecutive above-market non-brokered private placement, raising $500,000 to support its growth strategy. This funding boosts the company’s ability to pursue both organic and inorganic growth, including strategic M&A opportunities, and aims to accelerate its path to cash flow positivity.
Happy Belly Food Group has appointed John Grieve as the Regional Vice President of Operations for Western Canada, aiming to enhance its operational strategies and support its significant growth trajectory. Grieve’s extensive experience in the franchised food sector will be pivotal in optimizing efficiency and elevating guest experiences as the company continues its expansion and acquisition plans.
Happy Belly Food Group is set to raise CAN$500,000 through a non-brokered private placement, highlighting investor confidence in their growth strategy. This marks their fourth consecutive above-market financing, allowing the company to expand both organically and through acquisitions. The offering is expected to close by January 2025, further strengthening Happy Belly’s expanding footprint.
Happy Belly Food Group is expanding its Yolks Breakfast franchise with the signing of its 13th location in the Greater Vancouver Area. This marks a significant milestone as it is the 10th new franchise agreement since the brand’s acquisition less than a year ago. The company continues to strengthen its presence in British Columbia and plans further growth across Canada.
Happy Belly Food Group has announced its 10th consecutive record-breaking quarter, showcasing substantial growth in its food brand operations. The company’s strategy, including the acquisition of IQ Foods, has led to a remarkable 488% increase in system sales across its QSR brands and a 69% rise in total revenues. With a focus on organic and inorganic growth, Happy Belly continues to deliver strong results and shareholder value.
Happy Belly Food Group has announced the signing of its 46th HEAL Wellness franchise, further expanding its presence in Bolton, Ontario. The new franchise will be located at 301 Queen Street South and will offer a range of fresh smoothie bowls and smoothies. This expansion highlights Happy Belly’s ongoing growth in the quick-service restaurant sector.
Happy Belly Food Group has partnered with Cadillac Fairview to open three of its brands, IQ Foods, Heal Wellness, and Rosie’s Burgers, at CF Shops at Don Mills in 2025. This move is part of Happy Belly’s strategy to expand its presence in key urban markets with prime real estate locations. IQ Foods, a flagship brand in the healthy eating sector, will see its store count increase to six, highlighting the group’s growth in the premium food market.
Happy Belly Food Group has signed a definitive agreement to acquire 50% of the SALUS Fresh Foods restaurant chain, marking its fourth acquisition this year. This move strengthens Happy Belly’s position as a leading consolidator of emerging food brands and adds to their growing portfolio. SALUS Fresh Foods operates nine locations in Ontario, focusing on healthy food options.
Happy Belly Food Group’s Heal Wellness brand is expanding with a new franchise location at 1819 Avenue Road in Toronto, marking the 10th Heal location in Ontario and the 5th in Toronto. The brand specializes in quick-serve fresh smoothie bowls, acai bowls, and smoothies, catering to the growing demand for healthy dining options.