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Happy Belly Food Group Inc C.HBFG

Alternate Symbol(s):  VGANF

Happy Belly Food Group Inc. is a Canada-based consolidator of emerging food brands. The Company is specialized in the growth of consumer food brands. The Company operates through two segments: Consumer Product Goods and Quick Restaurant Services. The Company’s Consumer Product Goods segment consists of two brands, namely, Holy Crap, which produces and sells breakfast cereal and related food products, and Lumber Heads, which produces and sells snack foods. The Company offers its products under these brand names, which are gluten-free, organic, kosher and plant-based. It markets its products through retailers as well as online retailers and its own Website. The Quick Restaurant Services segment includes brands, such as Rosie's Burgers, Heal Lifestyles, Lettuce Love, Phiro Fresh Greek Grill, JoeyTurks Island Grill, and Via Cibo Restaurants. Rosie's Burgers is a boutique QSR restaurant brand that serves original recipes for smash burgers, poutine, onion rings, milkshakes, and others.


CSE:HBFG - Post by User

Post by TomConstantineon Sep 15, 2021 12:35am
689 Views
Post# 33860127

KND Law - Derivative Action (Vegn Cannabis Assets?)

KND Law - Derivative Action (Vegn Cannabis Assets?)Yes, we commenced a proceeding called a "derivative action" in the Supreme Court of British Columbia on August 27, 2021. It's a little complicated because Agra is not actually the proposed defendant (i.e. we do not want to sue Agra). Instead, we are asking to represent Agra and sue 29 proposed defendants (including former CEOs Brandon Boddy and Derek Ivany, former CFOs Peter Nguyen and Christopher Cherry, former director Christopher Hornung, and so called consultants David Parry and Eugene Beukman). We are also asking to sue a number of defendants who were involved with SOW (now called Powertap Hydrogen Capital Corp). We are alleging that the 29 proposed defendants have been running a years-long conspiracy where they have siphoned off $186.2 million rightly belonging to Agraflora, without any legal justification. Their scheme is rather complicated, but it involves mainly creating fake/worthless companies owned by the 29 defendants and selling them to Agra (sometimes through other companies like SOW) for millions of dollars, as well as what we allege to be fake/worthless consulting agreements where the defendants received tens of millions of shares for no real reason. We are hoping to be able to get money back to Agra. But these lawsuits move very slowly so it could be months before I have anything of real substance to report. However, my colleague, Shin, who is cc'd on this email, will add you to a database of Agra shareholders, and we will email the database with updates as we have them. Warm regards, Hadi Hadi Davarinia Lawyer (ON) KND Complex Litigation 1186 Eglinton Ave West Toronto, Ontario Canada M6C 2E3 Office: (416) 537-3529 ext. 3 Mobile: (647) 971-4234 Email: hd@knd.law Website: www.knd.law
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