- Happy Belly Food Group Inc. (HBFG) has signed a definitive acquisition agreement with Lettuce Love Café
- The company is increasing its footprint and geographical customer reach with brick-and-mortar locations while growing its menu and product offerings
- Once closed, the Lettuce Love acquisition will be the third M&A transaction Happy Belly has finalized in 2022
- Happy Belly Food Group (HBFG) opened trading at C$0.12 per share
Happy Belly Food Group Inc. (HBFG) has signed an acquisition agreement with Lettuce Love Café.
Lettuce Love is a quick-serve restaurant (QSR) that specializes in gluten-free meals and smoothies.
Happy Belly Food Group’s CEO, Shawn Moniz, called this acquisition another step forward for the company in a pattern of growth through acquisitions of profitable QSRs. The company is increasing its footprint and geographical customer reach with brick-and-mortar locations while growing its menu and product offerings.
“Once closed, we will have QSR locations of our brands in Toronto, Burlington, Hamilton, and Guelph. The Company anticipates immediate organic growth upon closing as the acquisition of Lettuce Love is immediately accretive and non-dilutive to shareholders with no immediate out-of-pocket funding requirements.”
The Lettuce Love acquisition will be the third M&A transaction Happy Belly has finalized in 2022.
Happy Belly Food Group Inc. is a quick-serve restaurant (QSR) and consumer packaged goods (CPG) wellness company in the health and wellness space curating plant-based foods.
Happy Belly Food Group (HBFG) opened trading at C$0.12 per share.