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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

Comment by unclejerryon Apr 05, 2021 8:49pm
342 Views
Post# 32939425

RE:Any insight into share price?

RE:Any insight into share price?I would guess the price decline has to do with the fact that the 4 month hold period on the last financing they did finished around March 20th or so and all those shares are now open for trading.  The financing was at 20 cents with just over 21 million shares issued.  Those shares also have a 25 cent 2 year warrant attached.  This generally happens after a hold period is over and if the shares have gone up as much as they did, people are going to take their profits because they still have the option of buying shares at 25 cents with the warrant over the next 2 years.  Its a tough thing for the company as it creates pressure on the price.  I agree that this doesn't reflect the true value of the company but this selling will need to filter out and stabilize before the company can take the next leg up.
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