CANTON, MI — Cava, a fast-casual Mediterranean restaurant, will open its first Michigan location along Ford Road in Canton on Sunday.Cava is best known for its Mediterranean flavors, including spicy lamb and avocado. The restaurant allows customers to build their own grain bowls, pita sandwiches and salads. "We’re thrilled to join the Southeast Michigan community and introduce more guests to the bold, vibrant flavors of the Mediterranean," CAVA Regional Leader Gino Carlin said. "Entering the state of Michig ...

Core Insights - Happy Belly Food Group Inc. has signed an area development agreement for the province of Manitoba, adding 15 new locations for its Heal Wellness brand, which specializes in smoothie bowls and quick-serve restaurant offerings [1][3] - With this agreement, Heal Wellness is now represented in all 10 provinces of Canada, totaling 195 contractually committed locations nationwide [1][3] - The company anticipates significant organic growth due to its emerging brand portfolio, which now includes 606 units under development agreements across Canada [3][4] Company Strategy - The expansion into Manitoba is seen as a strategic move, leveraging the province's urban vibrancy and community spirit to enhance the Heal Wellness brand's presence [4][5] - The company aims to capitalize on the growing demand for fresh, innovative dining options in Manitoba, particularly in Winnipeg, which has a dynamic food scene [4][5] - Happy Belly's overarching strategy focuses on the development and growth of emerging brands within the food sector, with expectations that new locations will contribute positively to overall revenue and profitability [5] Brand Overview - Heal Wellness is dedicated to providing quick, fresh wellness foods that cater to busy lifestyles, offering a diverse range of smoothie bowls and smoothies made from high-quality superfood ingredients [5] - The brand positions itself as Canada's first true national smoothie bowl brand, emphasizing its first-mover advantage in the market [4]

Sweetgreen (SG 0.21%) made a splash with its initial public offering (IPO) in November 2021, but not in a good way. Shares of the health-forward fast-casual chain tanked not long after their debut. Exactly two years following the company's IPO, they had lost a gut-wrenching 80% of their starting value.While Sweetgreen failed to satisfy investors' appetites early on, it has turned things around. Since the start of 2024, shares have surged 70% (as of April 25). However, volatility remains the key theme.In 202 ...