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Happy Belly Closes 100% Acquisition of Smile Tiger Coffee Roasters Inc
Newsfile· 2025-01-27 11:02
Core Viewpoint - Happy Belly Food Group Inc. has successfully completed the 100% acquisition of Smile Tiger Coffee Roasters, marking its first entry into the coffee sector and expanding its portfolio of emerging food brands [1][2]. Acquisition Details - The acquisition was finalized on January 27, 2025, with a purchase price of $250,000 CAD, consisting of $125,000 CAD in cash and 104,000 common shares valued at $125,000 CAD based on a 10-day VWAP at closing [5]. - This acquisition is valued at approximately 3.3 times EBITDA based on Smile Tiger's projected 2024 sales exceeding $1,000,000 CAD [5]. Strategic Importance - The acquisition of Smile Tiger Coffee Roasters represents a significant step in Happy Belly's strategy to consolidate emerging food brands, now bringing the total number of brands to 11 and quick-service restaurant brands to 9 [2]. - The entry into the coffee, tea, energy drink, and bubble tea categories aligns with the company's goal of sector consolidation and menu innovation, enhancing its position in the food and beverage industry [2][4]. Operational Focus - Post-acquisition, the company aims to maximize Smile Tiger's brand potential, leveraging its operational framework to expand EBITDA and integrate strong-performing brands [3]. - Smile Tiger's capabilities in coffee roasting and consumer-packaged goods provide opportunities for large-scale commerce and nationwide supply of its brands, capitalizing on the growing demand in the beverage market [4]. Company Background - Happy Belly Food Group Inc. is recognized as a leading consolidator of emerging food brands, focusing on organic growth and accretive mergers and acquisitions to drive shareholder value [2][8].
Coffee, crude oil and cut flowers: Here are the Colombian goods you may be paying more for under Trump's tariffs
CNBC· 2025-01-26 22:21
Trade Impact - President Donald Trump announced a 25% tariff on all goods from Colombia, which could increase to 50% within a week [2] - Tariffs act as a tax on imported goods, often leading to higher prices for US consumers [3] - Total bilateral trade between the US and Colombia was $53.5 billion annually as of 2022, with the US having a trade surplus of $3.9 billion [4] Key Exports Affected - Petroleum is the largest export from Colombia to the US, valued at approximately $6 billion in 2022 [5] - Coffee is the second-largest export, valued at $1.8 billion, with Colombia accounting for 20% of US coffee imports [6] - Cut flowers are the third-largest import from Colombia, valued at $1.6 billion, followed by gold and aluminum structures [7] Economic and Industry Implications - The tariffs could impact billions of dollars of economic activity between the US and Colombia [4] - Coffee prices in the US rose 3.8% in 2024, above the overall inflation rate, and tariffs could further increase costs for consumers [6] - The tariffs are part of broader international tensions, particularly related to US immigration policies and objections from countries like Mexico and Brazil [7]
NEXE pens third purchase order with Bridgehead Coffee
Proactiveinvestors NA· 2025-01-21 14:18
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive has a presence in key finance and investing hubs with bureaus and studios located in major cities such as London, New York, and Sydney [2] Group 2 - The company emphasizes the use of technology to enhance workflows and improve content delivery [4] - Proactive employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5] - The team consists of experienced journalists who bring valuable expertise to the production of financial news [4]
NEXE Innovations Secures Third Purchase Order From Bridgehead Coffee
Prnewswire· 2025-01-21 13:00
Core Viewpoint - The increasing demand for NEXE's BPI-certified compostable coffee pods is highlighted by the third purchase order from Bridgehead Coffee within two months, indicating a growing market for sustainable coffee solutions [1][2][4]. Company Overview - NEXE Innovations Inc. specializes in innovative compostable material solutions and packaging, focusing on helping businesses achieve sustainability goals [5]. - The company has developed a proprietary and patented compostable material that is durable and can withstand heat, pressure, and water [5]. - NEXE's flagship product, the NEXE Pod, is a BPI-certified compostable coffee pod compatible with major coffee brewing machines [5]. Partnership Details - NEXE entered a two-year master manufacturing agreement with Bridgehead Coffee in December 2024, under which NEXE supplies fully compostable pods for Bridgehead's coffee blends [2][3]. - Bridgehead Coffee, a Canadian-owned business with over 40 years of history, is known for its commitment to Fairtrade and Organic coffee [4]. Market Demand - The demand for NEXE's compostable coffee pods reflects a growing consumer preference for eco-friendly alternatives, aligning with sustainability trends in the coffee industry [2][4]. - The positive market response to NEXE's products suggests a viable market for sustainable coffee solutions [4].
Natural Grocers® Introduces House-Brand Organic Coffee Pods
Prnewswire· 2025-01-21 12:17
COMPATIBLE, COMPOSTABLE, & DOWNRIGHT DELICIOUSNatural Grocers' new coffee pods are compatible with most single-serve coffee makers. They're made with plant-based mesh filters and paper lids and are certified compostable at local industrial composting facilities.[i] The line is also packaged in 100% recycled paperboard boxes crafted with 30% post-consumer recycled materials. Additionally, the pods are Certified Organic and Certified Fair Trade, reflecting the company's dedication to responsible and ethical p ...
NEXE Innovations delivers second order to ecoBeans Coffee
Proactiveinvestors NA· 2025-01-14 13:44
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
NEXE Innovations Completes Delivery of Previously Announced Purchase Order to ecoBeans Coffee
Prnewswire· 2025-01-14 13:00
ecoBeans continues to experience positive response to its recent launch, and is focused on growing its support from retail and office coffee services (OCS) distribution channelsWINDSOR, ON, Jan. 14, 2025 /PRNewswire/ - NEXE Innovations Inc. ("NEXE", the "Company", "we", "us" or "our") (TSX.V: NEXE) (Frankfurt: NX5) (OTC: NEXNF), a compostable and innovative materials company, is pleased to announce the successful completion of its delivery to ecoBeans Coffee Inc. ("ecoBeans"). This delivery is related to th ...
Happy Belly Signs Definitive Agreement to Acquire 100% of Smile Tiger Coffee Roasters Inc
Newsfile· 2025-01-08 11:00
Toronto, Ontario--(Newsfile Corp. - January 8, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is happy to announce that it has signed as of January 6th, a definitive agreement to acquire 100% of Smile Tiger Coffee Roasters Inc ("Smile Tiger"), Happy Belly's first acquisition in the coffee sector.Smile Tiger Coffee Roasters 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.co ...
Keurig Dr Pepper Faces Coffee Headwinds, Potential In energy Drink, Says Analyst
Benzinga· 2025-01-07 18:52
Piper Sandler analyst Michael Lavery initiated coverage on Keurig Dr Pepper Inc KDP with a Neutral rating and a $35.00 target price.The analyst voiced caution regarding ongoing coffee-related challenges, citing sluggish top-line momentum, recent spikes in coffee input costs, and uncertainty surrounding additional pricing opportunities.Although the company has announced mid-single-digit pricing, coffee input costs continue to escalate, impacting margins, said the analyst.The analyst noted that the U.S. Refre ...
Wawa Launches $1 Hot Coffee, $2 Iced Coffee and $3 Monster Energy Drink Offers for Rewards Members
GlobeNewswire News Room· 2025-01-03 18:36
WAWA, Pa., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Wawa is kicking off the new year with a new way for customers to save money and simplify their morning routines. The new “Mornings Made Easy,” campaign is aimed at providing customers with a variety of beverages at a great value plus a one-of-a-kind experience with associates sure to brighten your day! From January 6 through February 16, customers enrolled in Wawa Rewards can visit any of Wawa’s 1,100 locations to redeem their bonus offers for $1 Any Size Hot Cof ...