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Happy Belly Food Group Inc C.HBFG

Alternate Symbol(s):  HBFGF

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. Its 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, IQ Foods, 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

Bullboard Posts
Post by agoldbloomon Jul 05, 2018 7:46am
126 Views
Post# 28270954

The big moves in MTEC shouldn't be a surprise

The big moves in MTEC shouldn't be a surpriseFirst off, tech plays are valued differently than other juniors.  This is because of their explosive growth.  Although not a junior stock, Shopify is an example of this.  Looks at the charts, it was over bought way back in $50s and analysts were saying don't buy, then the growth his and look at it now.  Now they say it's overbought and don't buy - who's right.  If you look at MTEC, the market is assigning a valuation on it based on the potential markets and deals that it could make.  At $1/share, the market valuation is $37 mill before the recent options exercised by Shawwn and Steve.  So let's round that up to $40 mill for argument sake.  At $40 mill valuation, the company should be producing $2 mill in profit/year or $500K/quarter.  That's back of the napkin so don't feel like these are legit numbers.  That's a very easy target number to hit, especially when you look at what MTEC is offering the market.  Independent educational advice to users.  Canopy, Aphria, Aurora,etc will be all over this if they aren't already.  They are in the right sector at the right moment.  That's why you're seeing the big bids coming in a buying up shares.  Why would someone buy at $0.90 yesterday if they didn't think there was going to be a bigger run?  The same happened the day before to $0.46, and the moves over the last 2 days weren't small volume pops.  Combined 2 mill shares traded in first 2 days?  So when the market figures out what estimates are reasonable and what valuation is justified, the share price will level off and then we will see where it is.  At $2/share it's a (approximately) $80 mill valuation.  Very reasonable for a junior technology play.  GLTA.
Bullboard Posts