Core Insights - Happy Belly Food Group Inc. has opened its 27th Heal Wellness location in Calgary, Alberta, with the grand opening scheduled for July 12, 2025 [1][2] - The company is experiencing significant growth and brand recognition across Canada, positioning Heal as a national smoothie bowl brand [3][4] - Happy Belly's strategy combines organic growth with strategic acquisitions, leading to a robust franchise pipeline and expansion plans [2][7] Company Expansion - The new Heal Wellness location is part of a broader expansion strategy, with more units under construction in Alberta, Ontario, and Prince Edward Island [4] - A total of 195 units for Heal Wellness are secured under development agreements across Canada, indicating a strong growth trajectory [4][7] - The Happy Belly portfolio includes 616 retail locations under contract, showcasing a disciplined approach to growth through careful partner selection and prime real estate [7] Brand Development - Heal Wellness aims to provide quick, fresh wellness foods, focusing on smoothie bowls and smoothies made with superfood ingredients [8] - The brand is gaining customer loyalty and recognition, with existing franchisees expanding into multi-unit ownership, reflecting confidence in the operational model [3][4] - The company's asset-light approach and strong franchise engagement are unlocking value for stakeholders and signaling long-term growth potential [3][4]

Financial Performance - Total revenue reached $1.1 billion[13] - Systemwide comparable sales grew by 11.1%[13, 17] - Adjusted EBITDA was $91.3 million with a margin of 8.5%[13, 16] - Net income was $13.9 million, or $0.07 per share[13] Digital Sales & Off-Premise Channels - Digital sales contributed 59% to total sales[13] - Off-premise channels accounted for approximately 43% of total systemwide sales[17] - Loyalty program had 18.8 million registered members[16] Divisional Performance - Brazil division systemwide comparable sales grew by 2.9%[24] - North Latin American Division (NOLAD) systemwide comparable sales decreased by 0.4%[27] - South Latin American Division (SLAD) systemwide comparable sales grew by 39.1%[33] Development & Capital Allocation - Opened 12 new restaurants, with 10 being free-standing locations[13, 75] - Capital expenditures totaled $48.8 million, including $21.4 million for growth[75]

Toronto, Ontario--(Newsfile Corp. - May 6, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce that as of May 6th, 2025, it has exercised its right to acquire the remaining 50% of Heal Wellness ("Heal"), making the brand a 100% wholly owned subsidiary of Happy Belly. Heal is a fresh smoothie bowls, acai bowls, and smoothies quick serve restaurant ("QSR"). "Three years ago ...