Happy Belly Food Group (TSE:HBFG) has released an update.
Happy Belly Food Group has announced a $2 million private placement with K2 & Associates, a Canadian hedge fund, to issue convertible debentures aimed at accelerating their acquisition of emerging food brands. The investment supports Happy Belly’s strategy to become cash flow positive and pursue larger M&A opportunities, signaling confidence in the company’s business model and growth potential. The deal is seen as a stepping stone for Happy Belly to expand its portfolio and bolster organic growth within its existing brands.
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