Announcement • Jul 28
Happy Belly Food Group Inc. to Report Q2, 2026 Results on Aug 25, 2026 Happy Belly Food Group Inc. announced that they will report Q2, 2026 results After-Market on Aug 25, 2026 Announcement • Jul 10
HEAL Wellness Collaborates with Global Skincare Brand LANEIGE to Launch Limited-Time Açaí Mango Bowl Across Canada HEAL Wellness a wholly owned subsidiary of Happy Belly Food Group Inc. announce a limited-time collaboration with globally recognized skincare brand LANEIGE in celebration of the launch of the new Açaí Mango Lip Sleeping Mask and Açaí Mango Lip Glowy Balm. Available exclusively at all 44 HEAL Wellness locations across Canada from Saturday, July 11th, 2026 through Thursday, August 6th, 2026, the collaboration introduces the Açaí Mango Bowl by LANEIGE; a tropical twist on HEAL's signature açaí offering inspired by the vibrant flavors and colors of LANEIGE's newest lip care collection. To celebrate the launch, the first 20 guests to purchase an Açaí Mango Bowl at each HEAL Wellness location on July 11th, 2026, will receive a complimentary full-size LANEIGE Açaí Mango Lip Sleeping Mask, while quantities last. This partnership marks an exciting milestone for both brands, bringing together wellness, beauty, and lifestyle in a way that feels authentic to each community. While LANEIGE is recognized globally for its innovative skincare products and cult-favorite lip treatments, HEAL Wellness has built a loyal following across Canada through its lineup of fresh smoothie bowls, smoothies, and wellness-focused offerings. The collaboration represents more than a product launch - it is a celebration of self-care, daily rituals, and the intersection between feeling good and looking good. Created exclusively for this collaboration, the Açaí Mango Bowl introduces an entirely new flavor profile to HEAL's açaí lineup. For the first time, HEAL has reimagined its traditional açaí base by introducing mango, creating a brighter, more tropical foundation that delivers on the bowl's name from the very first bite. The bowl is layered with mango and pineapple and finished with a brand-new mango coconut cream swirled throughout, offering guests a refreshing and vibrant tropical experience unlike anything currently available on HEAL's menu. Visually, the bowl is among the most striking products HEAL has launched to date. The vibrant yellow mango coconut cream contrasts against HEAL's signature deep purple açaí base, intentionally reflecting the colour palette of LANEIGE's new Açaí Mango Lip Collection. The result is a product that feels instantly recognizable across both brands while creating a highly shareable and visually engaging experience for guests. Major Estimate Revision • Jun 17
Consensus EPS estimates fall by 120% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -CA$0.025 to -CA$0.055 per share. Revenue forecast of CA$31.4m unchanged since last update. Healthcare Services industry in Canada expected to see average net income growth of 45% next year. Consensus price target of CA$2.48 unchanged from last update. Share price rose 12% to CA$1.68 over the past week. Recent Insider Transactions Derivative • May 31
Co-Founder exercised options to buy CA$153k worth of stock. On the 22nd of May, Sean Black exercised options to buy 100k shares at a strike price of around CA$0.50, costing a total of CA$50k. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. Since September 2025, Sean's direct individual holding has increased from 3.51m shares to 9.10m. Company insiders have collectively bought CA$962k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • May 25
Co-Founder exercised options to buy CA$140k worth of stock. On the 22nd of May, Sean Black exercised options to buy 100k shares at a strike price of around CA$0.50, costing a total of CA$50k. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. Since September 2025, Sean's direct individual holding has increased from 3.51m shares to 9.10m. Company insiders have collectively bought CA$954k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • May 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: CA$12m Forecast net loss in 1 year: CA$218k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$218k net loss next year). Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (CA$1.8m sold). Breakeven Date Change • May 14
Forecast breakeven date pushed back to 2027 The 2 analysts covering Happy Belly Food Group previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 54% to 2026. The company is expected to make a profit of CA$10.1m in 2027. Average annual earnings growth of 148% is required to achieve expected profit on schedule. Reported Earnings • May 05
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: CA$0.06 loss per share (further deteriorated from CA$0.019 loss in FY 2024). Revenue: CA$22.1m (up 144% from FY 2024). Net loss: CA$7.76m (loss widened 229% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Healthcare Services industry in North America. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 119% per year, which means it is well ahead of earnings. New Risk • Apr 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Significant insider selling over the past 3 months (CA$1.8m sold). Recent Insider Transactions Derivative • Apr 07
Co-Founder exercised options and sold CA$260k worth of stock On the 30th of March, Shawn Moniz exercised 250k options at a strike price of around CA$0.50 and sold these shares for an average price of CA$1.54 per share. This trade did not impact their existing holding. Since September 2025, Shawn's direct individual holding has increased from 1.14m shares to 7.91m. Company insiders have collectively bought CA$970k more than they sold, via options and on-market transactions, in the last 12 months. Board Change • Mar 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Dan Haroun was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 06
Co-Founder recently sold CA$1.8m worth of stock On the 25th of February, Sean Black sold around 1m shares on-market at roughly CA$1.80 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Sean has been a net seller over the last 12 months, reducing personal holdings by CA$1.5m. Recent Insider Transactions Derivative • Feb 04
Independent Chairman exercised options to buy CA$9.2m worth of stock. On the 3rd of February, Alex Rechichi exercised options to buy 5m shares at a strike price of around CA$0.20, costing a total of CA$1.0m. This transaction amounted to 315% of their direct individual holding at the time of the trade. Since June 2025, Alex's direct individual holding has increased from 1.42m shares to 1.59m. Company insiders have collectively bought CA$1.8m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jan 07
Happy Belly Food Group Inc Appoints Ian Thomas as Executive Vice President of Finance, Effective 7 January 2026 Happy Belly Food Group Inc. announced the appointment of Ian Thomas as Executive Vice President of Finance, effective immediately. Mr. Thomas joins Happy Belly with more than 25 years of senior financial leadership experience, including deep expertise in franchised restaurant systems, public and private company reporting, and multi-divisional operations. His appointment further strengthens Happy Belly's executive team as the Company continues to scale its multi-branded franchising platform across Canada while advancing its U.S. growth strategy. Mr. Thomas most recently spent nine years at Boston Pizza International, Canada's leading casual dining brand, where he served as Vice President of Finance, including four years in a dual role as Vice President of Business Technology. In these roles, he oversaw financial operations for both the private franchisor and the public income fund, managing complex financial reporting requirements and leading profitability and cost-savings initiatives across multiple business segments. His leadership contributed to sustained annual improvements in franchisee profitability and operational efficiency. Mr. Thomas holds a Bachelor of Business Administration from Simon Fraser University and is a Chartered Professional Accountant (CPA, CA). Throughout his career, he has demonstrated a strong ability to build high-performing finance teams, implement scalable systems, and provide boards and executive leadership with clear, data-driven insights to support disciplined growth and effective risk management. As Executive Vice President of Finance, Mr. Thomas will oversee Happy Belly's financial franchising strategy, financial reporting, budgeting and forecasting, internal controls, and financial systems, while working closely with the executive team to support the Company's continued expansion across its growing portfolio of restaurant brands. Announcement • Dec 24
Restart Life Sciences Corp. (CNSX:HEAL) signed a binding letter of intent to acquire Holy Crap Foods Inc. from Happy Belly Food Group Inc. (CNSX:HBFG) for CAD 1 million. Restart Life Sciences Corp. (CNSX:HEAL) signed a binding letter of intent to acquire Holy Crap Foods Inc. from Happy Belly Food Group Inc. (CNSX:HBFG) for CAD 1 million on December 21, 2025. Purchase price is subject to working capital adjustments. Restart will pay Happy Belly Food Group Inc. a cash deposit of CAD 0.1 million being equal to 10% of the purchase price.
For the period ending December 31, 2024, Holy Crap Foods Inc. reported annual sales of CAD 1 million.
The transaction is subject to approval by the Canadian Securities Exchange and is expected to close in early 2026. Price Target Changed • Dec 18
Price target increased by 18% to CA$2.65 Up from CA$2.25, the current price target is provided by 1 analyst. New target price is 16% above last closing price of CA$2.29. Stock is up 94% over the past year. The company is forecast to post earnings per share of CA$0 next year compared to a net loss per share of CA$0.019 last year. Reported Earnings • Nov 26
Third quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 3Q 2024) Third quarter 2025 results: CA$0.002 loss per share (further deteriorated from CA$0.001 loss in 3Q 2024). Revenue: CA$7.20m (up 183% from 3Q 2024). Net loss: CA$257.7k (loss widened 61% from 3Q 2024). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Healthcare Services industry in North America. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 174% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 19
Happy Belly Food Group Inc. to Report Q3, 2025 Results on Nov 25, 2025 Happy Belly Food Group Inc. announced that they will report Q3, 2025 results After-Market on Nov 25, 2025 Recent Insider Transactions • Oct 12
Co-Founder recently bought CA$148k worth of stock On the 10th of October, Sean Black bought around 100k shares on-market at roughly CA$1.48 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$148k. Sean has been a buyer over the last 12 months, purchasing a net total of CA$305k worth in shares. Announcement • Oct 04
Happy Belly Food Group Inc. Announces Board Changes Happy Belly Food Group Inc. announced the appointment of Dan Haroun to its Board of Directors. Mr. Haroun brings more than 15 years of senior leadership experience in the food, retail, and restaurant industries, with a proven track record of scaling brands and driving financial performance at both private and publicly traded companies. He currently serves as Chief Financial Officer of Activate Games, a rapidly growing global entertainment company with presence in North America, Europe and the Middle East. Prior to this role, he was Chief Executive Officer and Chief Financial Officer at Freshii, where he partnered with the board and management team to navigate through the covid-19 pandemic, and returned the Canadian restaurant division to profitable growth and an exit in 2023. Mr. Haroun also held multiple senior finance leadership positions at Walmart Canada, including Deputy CFO and Vice President of Finance, overseeing large-scale financial and real estate initiatives across the Canadian market while also supporting global growth and profitability projects. Earlier in his career, Mr. Haroun held senior finance leadership positions at Restaurant Brands International and Tim Hortons, where he served as Vice President - CFO of Global Supply Chain. In this role, he developed deep expertise in procurement, supply chain optimization, and international expansion, supporting the financial strategy of one of the world's largest and well-known restaurant systems. His work supported the scaling of brands while driving cost efficiencies, strengthening supplier partnerships, and enabling consistent operational execution across multiple geographies. This experience provides Mr. Haroun with a blend of financial acumen and operational insight, equipping him to bring immediate value to Happy Belly's operations and growth strategies both in Canada and in the US. Happy Belly Food Group announces that Mark Rechichi has resigned from the Board of Directors to make way for the appointment of Dan Haroun. The Company extends its sincere appreciation to Mr. Rechichi for his contributions and dedication during his tenure on the Board. Mr. Rechichi has expressed his full support for the Company and its future direction, and he wishes Happy Belly continued success as it advances its growth strategy. Recent Insider Transactions • Sep 21
Co-Founder recently bought CA$148k worth of stock On the 19th of September, Sean Black bought around 100k shares on-market at roughly CA$1.48 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sean has been a buyer over the last 12 months, purchasing a net total of CA$162k worth in shares. Board Change • Sep 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman Alex Rechichi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 11
Happy Belly Food Group Inc., Annual General Meeting, Nov 28, 2025 Happy Belly Food Group Inc., Annual General Meeting, Nov 28, 2025. Location: british columbia, vancouver Canada Reported Earnings • Aug 26
Second quarter 2025 earnings released: CA$0.003 loss per share (vs CA$0.004 loss in 2Q 2024) Second quarter 2025 results: CA$0.003 loss per share (improved from CA$0.004 loss in 2Q 2024). Revenue: CA$5.69m (up 147% from 2Q 2024). Net loss: CA$345.1k (loss narrowed 27% from 2Q 2024). Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Healthcare Services industry in North America. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 22
Happy Belly Food Group Inc. (CNSX:HBFG) completed the acquisition of 50% stake in SALUS Fresh Foods Franchising Inc. Happy Belly Food Group Inc. (CNSX:HBFG) signed a letter of intent to acquire 50% stake in SALUS Fresh Foods Franchising Inc for CAD 0.1 million on July 26, 2024. Happy Belly Food Group Inc. signed the definitive agreement to acquire 50% stake in SALUS Fresh Foods Franchising Inc on November 1, 2024. The acquisition, being debt free and cashflow positive. The consideration consists of common equity of Happy Belly Food Group Inc. having a value of CAD 0.3 million to be issued for common equity of SALUS Fresh Foods Franchising Inc and representing an estimated purchase price of 4x EBITDA. The Company anticipates the closing of this agreement to take place within the next 30-90 days. Happy Belly has also obtained the rights to acquire the remaining 50% of the business at its optionality. Happy Belly Food Group Inc. anticipates the closing of this agreement to take place within the next 30-60 days.
Happy Belly Food Group Inc. (CNSX:HBFG) completed the acquisition of 50% stake in SALUS Fresh Foods Franchising Inc on August 21, 2025. Happy Belly will issue 272,479 common shares in the capital stock of the Company at a price of CAD 1.101 per share, equal in value to CAD 300,000 (based on a 10-day VWAP) for 50% ownership of Salus Fresh Foods, representing an estimated purchase price of 2.4x normalized EBITDA. Happy Belly has also obtained the rights to acquire the remaining 50% of the business at its optionality. All closing matters have been completed. Announcement • Aug 18
Happy Belly Food Group Inc. to Report Q2, 2025 Results on Aug 25, 2025 Happy Belly Food Group Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Aug 25, 2025 New Risk • Jul 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$134.6m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. New Risk • Jun 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • May 20
Happy Belly Food Group Inc. to Report Q1, 2025 Results on May 21, 2025 Happy Belly Food Group Inc. announced that they will report Q1, 2025 results After-Market on May 21, 2025 New Risk • May 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$135.9m market cap, or US$97.6m). Reported Earnings • May 05
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: CA$0.019 loss per share (further deteriorated from CA$0.017 loss in FY 2023). Revenue: CA$9.07m (up 79% from FY 2023). Net loss: CA$2.36m (loss widened 29% from FY 2023). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 100%. Revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Food industry in Canada. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has increased by 139% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 08
Happy Belly Food Group Inc. Promotes John Delutis to Chief Restaurant Officer, Effective April 7, 2025 Happy Belly Food Group Inc. announced the promotion of John Delutis from Vice President of Restaurant Operations to Chief Restaurant Officer (CRO), effective immediately. Announcement • Jan 28
Happy Belly Food Group Inc. (CNSX:HBFG) completed the acquisition of Smile Tiger Coffee Roasters Inc. Happy Belly Food Group Inc. (CNSX:HBFG) signed a definitive acquisition agreement to acquire Smile Tiger Coffee Roasters Inc for CAD 0.26 million on January 6, 2025. A cash consideration of CAD 0.125 million and issuance of 104,854 common shares of Happy Belly will be paid by Happy Belly Food Group Inc towards common equity of Smile Tiger Coffee Roasters Inc.
The transaction reflects TEV/EBITDA multiple of 3.3x. The company anticipates the closing of this agreement to take place within the next 30 days.
Happy Belly Food Group Inc. (CNSX:HBFG) completed the acquisition of Smile Tiger Coffee Roasters Inc on January 27, 2025. Announcement • Jan 10
Happy Belly Food Group Inc. announced that it has received CAD 0.5 million in funding On January 9, 2025, Happy Belly Food Group Inc. closed the transaction. The transaction included participation from a strategic investor. Announcement • Dec 17
Happy Belly Food Group Inc. announced that it expects to receive CAD 0.5 million in funding Happy Belly Food Group Inc. announced a non-brokered private placement on December 16, 2024. The company will issue up to 333,3333 units at an issue price of CAD 1.50 per unit for gross proceeds of CAD 500,000. Each unit will consist of one common share in the capital of the company and one transferrable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional share at a price of CAD 1.50 for a period of 12 months from the closing of the offering. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. No broker fees or finders’ fees will be paid for this offering. Reported Earnings • Nov 21
Third quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.005 loss in 3Q 2023) Third quarter 2024 results: CA$0.001 loss per share (improved from CA$0.005 loss in 3Q 2023). Revenue: CA$2.54m (up 72% from 3Q 2023). Net loss: CA$160.1k (loss narrowed 68% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.004 loss in 2Q 2023) Second quarter 2024 results: CA$0.004 loss per share (in line with 2Q 2023). Revenue: CA$2.30m (up 74% from 2Q 2023). Net loss: CA$469.6k (loss widened 11% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Happy Belly Food Group Inc. announced that it has received CAD 2 million in funding from K2 & Associates Investment Management Inc. On June 27, 2024, Happy Belly Food Group Inc. closed the transaction. The company has issued 2,000 convertible debentures at a price of CAD 1,000 for the gross proceeds of CAD 2,000,000. Each Debenture has a principal amount of CAD 1,000, a three-year term earning interest at the rate of twelve percent per annum payable quarterly after the closing date of the Private Placement, maturing on the date that is the third anniversary of the first date that the Debentures are issued and are convertible, at the holder's option, into common shares of the company every three months after the closing date, but prior to the Maturity Date, at a conversion price equal to CAD 0.75 per share, provided that not less than 25% of the outstanding principal, and any interest amounts owed, is converted. On the Maturity Date, any outstanding principal amount of the Debentures, plus any accrued and unpaid interest, shall be paid in cash. The Debentures are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. No finder's fees were paid in connection with the Private Placement. The debentures will mature on June 27, 2027. Recent Insider Transactions Derivative • Jun 19
Chief Investment Officer & Director exercised options to buy CA$403k worth of stock. On the 18th of June, Sean Black exercised options to buy 790k shares at a strike price of around CA$0.20, costing a total of CA$158k. This transaction amounted to 255% of their direct individual holding at the time of the trade. Since September 2023, Sean's direct individual holding has increased from 1.54m shares to 2.48m. Company insiders have collectively bought CA$493k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • May 24
First quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.005 loss in 1Q 2023) First quarter 2024 results: CA$0.003 loss per share (improved from CA$0.005 loss in 1Q 2023). Revenue: CA$1.53m (up 47% from 1Q 2023). Net loss: CA$305.7k (loss narrowed 36% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 19
Full year 2023 earnings released: CA$0.017 loss per share (vs CA$0.026 loss in FY 2022) Full year 2023 results: CA$0.017 loss per share (improved from CA$0.026 loss in FY 2022). Revenue: CA$5.07m (up 85% from FY 2022). Net loss: CA$1.83m (loss narrowed 33% from FY 2022). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Happy Belly Food Group Inc. announced that it has received CAD 1 million in funding from TRIO Capital Group Inc. On February 23, 2024, Happy Belly Food Group Inc. closed the transaction. All securities issued in connection with the closing of the Private Placement are subject to a four-month and one-day statutory hold period in accordance with applicable securities laws. Although no broker fees or finders' fees were paid in the closing of this financing, TRIO Capital Group Inc. was issued 390,000 options at CAD 0.50 for a period of 2 years as part of the terms. Announcement • Feb 13
Happy Belly Food Group Inc. announced that it expects to receive CAD 1 million in funding from TRIO Capital Group Inc. Happy Belly Food Group Inc. announced a non-brokered private placement of 1000 unsecured convertible debentures at a principal amount of CAD 1,000 for total gross proceeds of CAD 1,000,000 on February 13, 2024. The debentures will be convertible into common shares of the company at a conversion price of CAD 0.50 per share and will have an interest rate of 12% p.a. The transaction will include participation from new investor, TRIO Capital Group Inc. The transaction is expected to close in February 2024. Announcement • Jan 08
Happy Belly Food Group Inc. (CNSX:HBFG) signed a binding Letter of Intent to acquire Via Cibo Restaurant Chain from Crave It Restaurant Group Inc. Happy Belly Food Group Inc. (CNSX:HBFG) signed a binding Letter of Intent to acquire Via Cibo Restaurant Chain from Crave It Restaurant Group Inc. on January 4, 2024. Via Cibo is debt free and cashflow positive. The accretive transaction is based on a post close 12-month earn out agreement based on 6.0x EBITDA and will be paid in all stock. Upon close a portion of the earn-out will be issued in restricted stock and issued to the insiders of Sean Black, Mark Rechichi and Alex Rechichi. Happy Belly Food anticipates the closing of this agreement to take place within Q1 2024. Reported Earnings • Nov 29
Third quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.006 loss in 3Q 2022) Third quarter 2023 results: CA$0.005 loss per share (improved from CA$0.006 loss in 3Q 2022). Revenue: CA$1.48m (up 86% from 3Q 2022). Net loss: CA$492.1k (loss narrowed 23% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Revenue is less than US$5m (CA$4.2m revenue, or US$3.0m). Market cap is less than US$100m (CA$21.0m market cap, or US$15.3m). Announcement • Oct 17
Happy Belly Food Group Inc., Annual General Meeting, Dec 28, 2023 Happy Belly Food Group Inc., Annual General Meeting, Dec 28, 2023. Reported Earnings • Aug 25
Second quarter 2023 earnings released: CA$0.004 loss per share (vs CA$0.006 loss in 2Q 2022) Second quarter 2023 results: CA$0.004 loss per share (improved from CA$0.006 loss in 2Q 2022). Revenue: CA$1.32m (up 113% from 2Q 2022). Net loss: CA$424.2k (loss narrowed 28% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$3.4m revenue, or US$2.5m). Market cap is less than US$100m (CA$15.4m market cap, or US$11.3m). Announcement • Jul 25
Happy Belly Food Group Inc. announced that it has received CAD 1.645 million in funding On July 24, 2023, Happy Belly Food Group Inc. closed the transaction. The company received CAD 1,645,000 in the transaction. The company received CAD 645,000 in the second and final tranche. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$3.4m revenue, or US$2.6m). Market cap is less than US$100m (CA$14.8m market cap, or US$11.1m). Reported Earnings • May 27
First quarter 2023 earnings released: CA$0.004 loss per share (vs CA$0.004 loss in 1Q 2022) First quarter 2023 results: CA$0.004 loss per share (in line with 1Q 2022). Revenue: CA$1.04m (up 220% from 1Q 2022). Net loss: CA$474.3k (loss widened 14% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 21
Full year 2022 earnings released: CA$0.026 loss per share (vs CA$0.27 loss in FY 2021) Full year 2022 results: CA$0.026 loss per share (improved from CA$0.27 loss in FY 2021). Revenue: CA$2.73m (up 119% from FY 2021). Net loss: CA$2.74m (loss narrowed 90% from FY 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Dec 31
Happy Belly's Lumberheads Popcorn Introduces New Sea Salt Flavour Happy Belly Food Group Inc. announce that its LumberHeads snack brand has expanded its product line with the addition of the Sea Salt flavour that has reached the shelves of its retail partners. Made with high quality ingredients that are Canadian sourced, being dairy free, peanut free, gluten free and kosher, the accelerated product development cycle will continue to drivemarket share as company drive sales growth into future quarters. Announcement • Dec 24
Happy Belly Food Group Inc. Appoints Sean Black to Board of Directors Happy Belly Food Group Inc. announced that it has appointed Sean Black, current Chief Investment Officer of Happy Belly, and former Chief Development Officer of MTY, to the board of directors. Reported Earnings • Nov 22
Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.007 loss in 3Q 2021) Third quarter 2022 results: CA$0.006 loss per share (improved from CA$0.007 loss in 3Q 2021). Revenue: CA$794.5k (up 145% from 3Q 2021). Net loss: CA$636.8k (loss narrowed 11% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Announcement • Oct 08
Happy Belly Food Group Inc., Annual General Meeting, Dec 19, 2022 Happy Belly Food Group Inc., Annual General Meeting, Dec 19, 2022. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.20 loss in 2Q 2021) Second quarter 2022 results: CA$0.006 loss per share (up from CA$0.20 loss in 2Q 2021). Revenue: CA$620.2k (up 40% from 2Q 2021). Net loss: CA$587.6k (loss narrowed 97% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Announcement • Jul 12
Plant & Co. Brands Ltd. announced that it has received CAD 2 million in funding On July 11, 2022, Plant & Co. Brands Ltd. closed the transaction. The company has received CAD 2,000,000 in the transaction. The company has received f CAD 705,000 in its second tranche. The company paid CAD 35,400 to Echelon Wealth Partners Inc. as a finder’s fee. The transaction was Oversubscribed. Announcement • Jul 06
Plant & Co. Brands Ltd. announced a financing transaction Plant & Co. Brands Ltd. announced a non-brokered private placement of unsecured convertible debentures on July 4, 2022. Each debenture has a principal amount of CAD 1,000, a 24 month term earning interest at the rate 12% per annum payable quarterly after the closing date. The debentures are convertible at the holder’s option into common shares every three months after the closing date at CAD 0.20 per common share if converted in the first 12 months after the closing date or CAD 0.25 per common share if converted after the first 12 months after the closing date, provided that not less than 25% of the outstanding principal, and any interest amounts owed, is converted. The transaction is subject to a four month and one-day statutory hold period in accordance with applicable securities laws.
On the same date, the company issued 1,295 unsecured convertible debentures at the price of CAD 1,000 for gross proceeds of CAD 1,295,000 in it's first tranche. The company paid CAD 17,550 to Echelon Wealth Partners Inc. as finder’s fee. The company expects to close a second tranche of the transaction by July 8, 2022. Announcement • Jun 14
Plant & Co. Brands Ltd. Provides Strategic Update on Yamchops Plant&Co. Brands Ltd. announced that Yamchops, its Plant-Based Butcher and Market Place Brand, is now available in multiple plant-based and non plant-based restaurants in Ontario. Working along side Alex Rechichi (Chairman of the Board) the company have developed a new quick-service restaurant menu that incorporates a fresh perspective on the eating habits of todays consumer. From Jackfruit Carnita Tacos to Chef Inspired Bowls, to freshly prepared editerranean and General TSO wraps, these new menu offerings are just a few of the new creations now offer at Yamchops. Quick-Service Restaurant (QSR) Menu: Working along side Alex Rechichi (Chairman of the Board) it developed a new quick-service restaurant menu that incorporates a fresh perspective on the eating habits of todays consumer. From Jackfruit Carnita Tacos to Chef Inspired Bowls, to freshly prepared Mediterranean and General TSO wraps, these new menu offerings are just a few of the new creations it now offer at Yamchops. Food Service: The company announced that with the execution of a revised food service strategy and business model, distribution has already been expanded with products in grocery and restaurants across the GTA. The company launched multiple products successful into family restaurants in Georgetown, to `pub-style' restaurants in both Mississauga and Burlington. At these restaurant establishments customer can enjoy items such as its Chicken Cutlets, Szechuan Beef, and Crab-less Crabcakes (to name just a few) infused with chef-inspired dishes and entrée's the whole family can enjoy. These food service contracts represent both plant-based as well as non plant-based restaurants. All have implemented dishes featuring Yamchops products for its customers to experience new center-of-plate menu options during their culinary experience. This service offering demonstrates how Plant&Co can drive revenue in both plant-based and non plant-based restaurants and establishments. Reported Earnings • Jun 01
First quarter 2022 earnings released: CA$0.004 loss per share (vs CA$0.049 loss in 1Q 2021) First quarter 2022 results: CA$0.004 loss per share (up from CA$0.049 loss in 1Q 2021). Revenue: CA$324.7k (up 24% from 1Q 2021). Net loss: CA$414.6k (loss narrowed 90% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Announcement • May 31
Plant & Co. Brands Ltd. Appoints Sean Black as Chief Investment Officer Plant&Co. Brands Ltd. announced that Mr. Sean Black has joined Plant& Co's executive team in a full-time capacity as Chief Investment Officer,overseeing brand acquisitions, real estate, and franchise development. From 2013 to 2014, Mr. Black held the executive level position of Chief Development Officer at MTY Food Group, a publicly traded Canadian franchisor and operator of numerous casual dining, fast casual, and quick service restaurants operating under more than 70 brand names (such as Baton Rouge, Big Smoke Burger, Pink Berry, Ben&Florentine, Cultures, Extreme Pita, Jugo Juice, YUZU Sushi, Steak Frites, Madisons, Mr.Sub, Mucho Burrito, ManchuWok, South Street Burger, Timothys, Turtle Jacks, Cold Stone Creamery, and dozens more.). Reported Earnings • May 03
Full year 2021 earnings released: CA$0.27 loss per share (vs CA$0.10 loss in FY 2020) Full year 2021 results: CA$0.27 loss per share (down from CA$0.10 loss in FY 2020). Revenue: CA$1.25m (up CA$1.15m from FY 2020). Net loss: CA$26.6m (loss widened CA$22.2m from FY 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Apr 14
Plant&Co. Brands Ltd. Launches New Product Line for its Holy Crap Brand Plant&Co. Brands Ltd. announced an all new Plant-Based product line for its wholly owned Holy Crap Foods subsidiary. Product Overview: Holy Crap Oatmeal comes in the exciting flavours of Apple Cinnamon, Banana Coffee, Blueberry Cocoa, Mango Coconut, and Maple. Each bag contains 320g of oatmeal and serves 8 portions. The company is offering these products exclusively for 60 days available only at www.holycrap.com. Retail distribution is poised to commence in Q3'2022. Each product is Gluten-Free and made with non-GMO oats and super-seeds. The Oatmeal is high in fiber and made right here in Canada at allergen-free facility. Announcement • Feb 02
Plant & Co. Brands Ltd. (CNSX:VEGN) completed the acquisition of 51% stake in LumberHeads Food Co. Plant & Co. Brands Ltd. (CNSX:VEGN) agreed to acquire a 51% stake in LumberHeads Food Co. for CAD 0.08 million on January 4, 2022. Plant&Co will acquire a 51% majority interest in a non-dilutive agreement for a CAD 75,000 shareholder loan. The transaction is expected to close on February 1, 2022. The acquisition is accretive to Plant & Co. Brands Ltd.
Plant & Co. Brands Ltd. (CNSX:VEGN) completed the acquisition of 51% stake in LumberHeads Food Co. on February 1, 2022. Announcement • Jan 06
Plant & Co. Brands Ltd. (CNSX:VEGN) agreed to acquire a 51% stake in LumberHeads Food Co. for CAD 0.08 million. Plant & Co. Brands Ltd. (CNSX:VEGN) agreed to acquire a 51% stake in LumberHeads Food Co. for CAD 0.08 million on January 4, 2022. Plant&Co will acquire a 51% majority interest in a non-dilutive agreement for a CAD 75,000 shareholder loan. The transaction is expected to close on February 1, 2022. The acquisition is accretive to Plant & Co. Brands Ltd. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.007 loss per share (up from CA$0.013 loss in 3Q 2020). Revenue: CA$323.9k (up CA$287.0k from 3Q 2020). Net loss: CA$711.3k (loss widened 29% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CA$0.22 loss per share (vs CA$0.006 loss in 2Q 2020) Second quarter 2021 results: Net loss: CA$21.8m (loss widened CA$21.5m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • May 31
First quarter 2021 earnings released: CA$0.048 loss per share (vs CA$0.032 loss in 1Q 2020) First quarter 2021 results: Net loss: CA$4.07m (loss widened 234% from 1Q 2020). Announcement • Feb 14
Plant & Co. Brands Ltd. (CNSX:VEGN) completed the acquisition of Holy Crap Brands Inc. (OTCPK:NHMP.F) from Derek Ivany and others. Plant & Co. Brands Ltd. (CNSX:VEGN) entered into a definitive agreement to acquire Holy Crap Brands Inc. (OTCPK:NHMP.F) from Derek Ivany and others on November 25, 2020. Pursuant to the Amalgamation Agreement, Plant & Co. will issue 28 million common shares of the Plant & Co. to the current shareholders of Holy Crap in exchange for every common share of Holy Crap they hold. Plant & Co. will issue 4,000,000 share purchase warrants entitling the holder thereof to purchase one common share of Plant & Co. Pursuant to the agreement, the Holy Crap shareholders will receive 1.926088818 common shares of Plant & Co. in exchange for everyone common share of Holy Crap. The resulting issuer will become wholly owned subsidiary of Plant & Co. The resulting issuer will be named "“Holy Crap Brands Inc." Effective upon the Closing, the board of directors of the resulting issuer shall include the following persons: (i) Shawn Moniz; and (ii) Donna Reddy; or (iii) such other persons agreeable to both Plant & Co. and HCB.
The transaction is subject to the approval of respective shareholders of Plant & Co. and Holy Crap, all other approvals, consents and orders that are necessary or advisable for the consummation of the Amalgamation, each of the current warrant holders of Holy Crap shall have consented to the Warrant Exchange, all outstanding securities of HCB convertible into HCB Shares shall have been cancelled, listing of shares approval, the time period for the exercise of any Dissent Rights shall have expired and HCB Shareholders shall not have exercised such Dissent Rights with respect to greater than 5% of the number of outstanding HCB Shares. Holy Crap shareholders approved the transaction on annual general and special meeting of shareholders held on January 6, 2021. The transaction is expected to close on January 25, 2021. As of January 25, 2021, the transaction will become effective on January 29, 2021. As of January 27, 2021, the transaction will close on February 12, 2021.
Plant & Co. Brands Ltd. (CNSX:VEGN) completed the acquisition of Holy Crap Brands Inc. (OTCPK:NHMP.F) from Derek Ivany and others on February 12, 2021. Board of Directors of Holy Crap and the Board of Directors of Plant & Co. approved the transaction on November 25, 2020. Announcement • Feb 05
Plant&Co. Brands Ltd. Appoints Donna Reddy to the Position of President Plant&Co. Brands Ltd. (‘Plant&Co’ or the ‘Company’) announced that its board of directors has appointed Donna Reddy to the position of President of Plant&Co, effective immediately. Ms. Donna Reddy, a strategic and results-driven leader in the marketing and branding industry, will be responsible to lead the operations of the Company through its next phase of growth focused on expanding both the number of products offered and total addressable market. Ms. Reddy has a successful track record in the food and beverage sector as the VP of Brand Elevation at GreenSpace Brands, a food and beverage start-up, where she was responsible for overseeing Product Development, Branding, Marketing, and Design of 9 brands across Canada, including Love Child Organics baby food brand. Reddy also worked at Consumer Impact Marketing, a full-service marketing agency, and Universal Studios where she was responsible for driving growth in select retail locations. Reddy is also the recipient of various awards, including the Honorary Degree of Doctor of Business Mentorships from the University of Guelph, and a 2008 CIM Mark of a Leader Winner for Innovation. Most recently, Ms. Reddy held the position of President of Holy Crap Foods Inc. Since joining Holy Crap in 2019, she has been instrumental in repositioning the brand and overseeing the rebrand for all four of the Holy Crap breakfast cereal flavours as well as increasing its product development efforts. Reddy also re-established a successful distribution model, developed a close relationship with BuyBC and other BC and Canada-wide enterprises. Announcement • Jan 21
Plant & Co. Brands Ltd. (CNSX:VEGN) acquired YamChops for CAD 1.04 million. Plant & Co. Brands Ltd. (CNSX:VEGN) entered into a definitive share purchase agreement to acquire YamChops for CAD 1.04 million on January 18, 2021. As part of the consideration the Company (i) made an aggregate cash payment of CAD 0.608446 million to the Vendors (the “Cash Payment”); (ii) issued 0.344828 million common shares to the Vendors (the “Consideration Shares”); and (iii) settled certain outstanding debts of YamChops held by third-parties in the amount of CAD 0.161553 million (the “Debt Settlement”). The Consideration Shares are subject to voluntary pooling restrictions from which 100% of the Consideration Shares will be released on February 17, 2021. In connection with the completion of the Transaction, the Company has issued 0.109589 million common shares to an arms-length third party who assisted with facilitating the Transaction.
Plant & Co. Brands Ltd. (CNSX:VEGN) completed the acquisition of YamChops on January 19, 2021. Is New 90 Day High Low • Jan 19
New 90-day high: CA$0.91 The company is up 420% from its price of CA$0.17 on 21 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 31% over the same period. Announcement • Jan 14
Plant&Co. Brands Ltd. Appoints Robert Chalmers to Advisory Board Plant&Co. Brands Ltd. announced the addition to its advisory board with the immediate appointment of Mr. Robert Chalmers. Mr. Chalmers has worked in the Canadian capital markets for over 20 years primarily in investment banking. He started his career in investment banking at Sprott Securities Inc. and spent time at Canaccord and Macquarie before venturing out on his own. Announcement • Dec 19
Plant & Co. Brands Collaborates with the University of Manitoba to Develop an All-Natural Hemp-Based Food Line Plant & Co. Brands Ltd. announced that it has signed an agreement with the University of Manitoba to develop a proprietary hemp protein concentrate that will form the basis of an all-natural hemp-based line of gluten free food products, rich in protein and offering a healthy alternative to the current egg and milk based products currently saturating the market. The research and development program will be conducted by a team of food scientists from the Richardson Centre of Functional Foods and Nutraceuticals at the University of Manitoba and consist of
two phases. The first phase will include systematic investigation to establish a proprietary method of milling and processing to produce a defatted hemp flour with increased protein levels. The second phase will take the results of the first phase and produce a defined amount of concentrate for testing in food products. The two-phase program is expected to be completed by the end of the first quarter 2021. Recent Insider Transactions • Dec 16
Chairman recently bought CA$150k worth of stock On the 14th of December, Shawn Moniz bought around 750k shares on-market at roughly CA$0.20 per share. This was the largest purchase by an insider in the last 3 months. This was Shawn's only on-market trade for the last 12 months. Announcement • Dec 16
Plant & Co. Brands Ltd. announced that it has received CAD 4.2005 million in funding from 1202103 BC Ltd., 1130970 BC Ltd. On December 14, 2020, Plant & Co. Brands Ltd. (CNSX:VEGN) closed the transaction. The company has issued 21,002,500 units for a gross proceeds of CAD 4,200,500. The transaction included participation from Shawn Moniz, Chief Executive Officer, Chairman and Director of the company for 750,000 units through his company 1202103 BC Ltd., Lindsay Hamelin, Director of the company subscribed for 75,000 units through her company 1130970 BC Ltd. and Jerry Habuda, a Director of the company, subscribed for 50,000 units in the transaction. The company has paid finders' fee of CAD 88,375 in cash and issued 631,750 warrants in the transaction to Sprott Capital Partners LP, Echelon Wealth Partners ULC, Haywood Securities Inc., Canaccord Genuity Corp., EMD Financial Inc. and PI Financial Corp. The transaction was over-subscribed. Announcement • Dec 03
Eurolife Brands Inc. announced that it expects to receive CAD 3.2 million in funding Eurolife Brands Inc. (CNSX:EURO) announced a non-brokered private placement of 16,000,000 units at a price of CAD 0.20 per unit for the gross proceeds of CAD 3,200,000 on December 2, 2020. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of CAD 0.25 per common share for two years from the date of closing of the transaction. All shares and warrants are subject to a four-month hold period. The company may pay finders' fees to qualified parties. The transaction is subject to approval of Canadian Securities Exchange. Reported Earnings • Nov 29
Third quarter 2020 earnings released: CA$0.013 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: CA$36.9k (up CA$34.5k from 3Q 2019). Net loss: CA$551.6k (loss narrowed 73% from 3Q 2019). Announcement • Nov 28
Eurolife Brands Inc. (CNSX:EURO) entered into a definitive agreement to acquire Holy Crap Brands Inc. (OTCPK:NHMP.F). Eurolife Brands Inc. (CNSX:EURO) entered into a definitive agreement to acquire Holy Crap Brands Inc. (OTCPK:NHMP.F). on November 25, 2020. The resulting issuer will become wholly owned subsidiary of EuroLife. Effective upon the Closing, the board of directors of the resulting issuer shall include the following persons: (i) Shawn Moniz; and (ii) Donna Reddy; or (iii) such other persons agreeable to both Eurolife and HCB. Pursuant to the Amalgamation Agreement, EuroLife will issue 28,000,000 common shares of the EuroLife to the current shareholders of Holy Crap in exchange for every common share of Holy Crap they hold. EuroLife will issue 4,000,000 share purchase warrants entitling the holder thereof to purchase one common share of EuroLife. The transaction is subject to the approval of respective shareholders of EuroLife and Holy Crap, all other approvals, consents and orders that are necessary or advisable for the consummation of the Amalgamation, each of the current warrant holders of Holy Crap shall have consented to the Warrant Exchange, all outstanding securities of HCB convertible into HCB Shares shall have been cancelled, the time period for the exercise of any Dissent Rights shall have expired and HCB Shareholders shall not have exercised such Dissent Rights with respect to greater than 5% of the number of outstanding HCB Shares. Announcement • Nov 27
Eurolife Brands Inc. (CNSX:EURO) completed the acquisition of Assets of Spielhaus Inc. Eurolife Brands Inc. (CNSX:EURO) entered into a definitive agreement to acquire Assets of Spielhaus Inc. for CAD 0.56 million on August 18, 2020. Eurolife Brands will issue 2.3 million common shares to Spielhaus. The closing of the acquisition is subject to customary terms and conditions, and regulatory approval.
Eurolife Brands Inc. (CNSX:EURO) completed the acquisition of Assets of Spielhaus Inc. for CAD on November 26, 2020. As of November 26, 2020 Eurolife Brands replace the executed share purchase agreement to acquire all of the outstanding shares of Plant & Co Marche to Assets of Plant & Co Marche with no change in the consideration payable to Spielhaus. Is New 90 Day High Low • Nov 26
New 90-day high: CA$0.30 The company is up 33% from its price of CA$0.23 on 27 August 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 7.0% over the same period. Announcement • Sep 19
Eurolife Brands Inc. Appoints Jerry Habuda to Board of Directors EuroLife Brands announce that Mr. Jerry Habuda has been appointed to the Board of Directors effective immediately. Possesing over 35 years of experience in law enforcement and specialilzed units, including stints in drug squadron and narcotics trafficing divisions, Mr. Habuda was able to successfully parlay his skillsets into the capital markets where he has been active as an investor, advisor and director to a number of public companies in highly regulated industries such as cannabis, hemp, and psychedelic medicine. Announcement • Aug 20
Eurolife Brands Inc. (CNSX:EURO) entered into a definitive agreement to acquire Plant & Co Marche Inc. for CAD 0.56 million. Eurolife Brands Inc. (CNSX:EURO) entered into a definitive agreement to acquire Plant & Co Marche Inc. for CAD 0.56 million on August 18, 2020. Eurolife Brands Inc. will acquire 100% of the issued and outstanding shares in the capital of Plant & Co Marche Inc. in exchange for 2.336 million common shares in the capital of Eurolife Brands Inc. The closing of the acquisition is subject to customary terms and conditions, and regulatory approval.