Toronto, Ontario--(Newsfile Corp. - July 24, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce it has signed as of July 23rd 2024, an area development agreement for the province of Ontario for the opening of 40 franchised restaurants of Heal Wellness ("Heal"), a fresh smoothie bowls, acai bowls, and smoothies quick serve restaurant ("QSR"). Heal Wellness To view an enhanced version of this gr ...

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6625/217076_fa432d89d4e9f975_002full.jpg "Opening our newest Heal Wellness franchised location marks another significant step in expanding our footprint in Western Canada. This is our second (2nd) Heal store opening in Western Canada in the past six (6) weeks, with seven (7) other locations under construction throughout Alberta and British Columbia, and eleven (11) in total across Canada," said Sean Black, Chief ...

Clearly, options traders are pricing in a big move for Restaurant Brands shares, but what is the fundamental picture for the company? Currently, Restaurant Brands is a Zacks Rank #3 (Hold) in the Retail - Restaurants industry that ranks in the Top 43% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter f ...

"The University of Calgary, with its vibrant campus community of over 33,000 students and 203,000 Alumni, is an ideal location for Heal's menu of smoothies and acai bowls. The diverse and health-conscious student population is always on the lookout for nutritious and convenient meal options that can fit into their busy schedules. Additionally, the university's commitment to wellness and healthy living aligns perfectly with the offerings of Heal, ensuring a steady stream of customers," said Sean Black, Chief ...

Roland Magnusson Investment Thesis Macro Environment Tight consumer budgets have been instrumental in sparking a price war among fast food chains. While Burger King will now offer a discounted menu for $5 for an extended period of time, McDonald's will only offer a similar menu with the same price tag in the summer time to not wake up demand. | --- | --- | --- | --- | |----------------------|----------------------------|-------------|------------------| | Country | No. Of locations \|Country | | No. Of loca ...

Restaurant Brands International Inc. (QSR) has announced two significant transactions aimed at bolstering its presence in China. These strategic moves reflect QSR's confidence in China as a pivotal market and its commitment to driving regional growth. The company has acquired the Popeyes China business from TH International Limited (Tims China) for an enterprise value of $15 million on a cash-free, debt-free basis. This acquisition allows QSR to directly own and operate Popeyes China, which has seen promisi ...

In addition, through one of its foreign entities, RBI has acquired the Popeyes China business from Tims China on a cash-free debt-free basis for an enterprise value of $15 million. Simultaneously, Tims China has extinguished the deferred consideration due to former shareholders of Popeyes China via issuance of a $15 million convertible note, which converts directly into ordinary shares with financial terms similar to those outlined above. ABOUT TH INTERNATIONAL LIMITED Forward-Looking Statements Investor Re ...

SHANGHAI, China and NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, secured an aggregate of up to $65 million of financing and additional funding from its founding shareholders, Cartesian Capital Group, LLC ("Cartesian") and Restaurant Brands International Inc. ("RBI" (NYSE: QSR)). Public Relations patty.yu@timschina.com The company's philosophy is rooted in world-class execution and data-driven ...

RBI Acquires Popeyes China and Plans to Accelerate Growth Co-investment alongside Cartesian Capital in Tims China Business RBI has agreed to acquire the Popeyes China business from Tims China on a cash-free debt-free basis based on an enterprise value of $15M. Following the transaction, RBI will own and operate Popeyes China, which opened its first restaurant in August 2023 and has 14 restaurants in Shanghai today. The pace of restaurant growth is expected to ramp up through investments in local teams and r ...

Growth Drivers Restaurant Brands sees immense potential to expand its brands globally by strengthening the company's presence in existing markets and venturing into new ones. QSR is actively exploring avenues to accelerate the international growth of all three brands by establishing master franchisees with exclusive development rights and forming joint ventures with its new and existing franchisees. In the first quarter of 2024, QSR faced adverse effects on its performance owing to the softer consumer backd ...