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Happy Belly Food Group ( (TSE:HBFG) ) has issued an update.
Happy Belly Food Group has acquired the remaining 50% of Heal Wellness, making it a wholly owned subsidiary. This strategic move is part of Happy Belly’s broader acquisition strategy, which has resulted in significant growth for Heal Wellness, expanding from 2 to 20 locations and achieving a tenfold increase in business. The acquisition is expected to enhance shareholder value and support Happy Belly’s plans to double its store count and EBITDA within 12-18 months, further solidifying its position in the Canadian QSR market.
Spark’s Take on TSE:HBFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:HBFG is a Neutral.
The stock score reflects strong technical momentum and positive corporate developments, offset by significant financial performance challenges and a poor valuation. Persistent unprofitability and high leverage are key risks, while recent corporate events provide a potential growth catalyst.
To see Spark’s full report on TSE:HBFG stock, click here.
More about Happy Belly Food Group
Happy Belly Food Group Inc. is a leader in acquiring and scaling emerging food brands across Canada. The company focuses on the quick serve restaurant (QSR) industry, with a particular emphasis on fresh smoothie bowls, acai bowls, and smoothies.
Average Trading Volume: 121,012
Technical Sentiment Signal: Buy
Current Market Cap: C$131.7M
See more insights into HBFG stock on TipRanks’ Stock Analysis page.