Core Insights - Happy Belly Food Group Inc. has signed an area development agreement to open 25 new franchised locations of Smile Tiger Coffee Roasters in British Columbia, following its acquisition of the brand on January 27, 2025 [1][3] - The company aims to leverage its asset-light growth strategy and has a goal to double EBITDA within 24 months [2][3] - Happy Belly currently has 446 contractually committed retail franchise locations across its portfolio and plans to significantly expand this pipeline in 2025 and 2026 [2][3] Company Strategy - The CEO of Happy Belly emphasizes a disciplined approach to both organic and inorganic growth, focusing on acquiring cash-flow-positive and debt-free brands like Smile Tiger [2][3] - The company is committed to selecting the right franchise partners and real estate to achieve its development goals [2][3] Brand Overview - Smile Tiger Coffee Roasters specializes in unique, in-house roasting of premium, ethically sourced coffee beans, aiming to deliver exceptional quality and sustainability [4][5] - The brand's capabilities include consumer-packaged goods and white-label products, positioning it to capitalize on the growing demand in the quick service beverage market [5]
Happy Belly's Smile Tiger Coffee Roasters Signs 25-Unit Area Development Agreement in British Columbia