Toronto, Ontario--(Newsfile Corp. - September 13, 2023) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce it has signed a franchisee for PIRHO Fresh Greek Grill, a gourmet bowls, wraps, and pitas fast casual Greek restaurant with the fresh wholesome tastes of Greece in the Greater Toronto Area (GTA) of Oakville, Ontario.
"This signing is a milestone for both PIRHO and Happy Belly Food Group as we leverage our previous franchising experience to accelerate the growth of our brands. PIRHO's first signed franchisee through the Happy Belly franchising program will be in Oakville, Ontario. This area of the GTA is the perfect location as it is the target demographic representing the customers of PIRHO," said Sean Black, Chief Investment Officer of Happy Belly.
After completing the PIRHO acquisition on May 18th (Q2'2023), in the very next quarter (Q3'2023) Happy Belly's accelerated franchising framework delivered its first PIRHO franchisee. Proving that leveraging our platform and our experienced team delivers results. In the very short period that our team, along side our area developer Scott Grandin, have been working on bringing PIRHO to sites across Ontario and Alberta we have had numerous leads seek out franchising information. Happy Belly anticipates accelerated growth within the PIRHO franchising program throughout the next several quarters.
PIRHO's Oakville location will be PIRHO's first (1st) location of the 80 units committed through our area development program, its fourth (4th) franchisee of the brand, and Happy Belly's fifth (5th) in its portfolio. Happy Belly has signed one franchisee for PIRHO and one franchisee for its Heal Wellness brand in the last few weeks demonstrating the multi-branding success within its franchising strategy. Happy Belly will continue to execute on qualified franchisee leads across all our brands as we scale our portfolio of emerging brands.
As the onboarding of franchisees continue, Happy Belly anticipates many more throughout its QSR portfolio as it continues to accelerate growth within its repeatable model of an asset light franchising framework.
PIRHO Fresh Greek Grill
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"Our approach has always been to specialize in the development and growth of emerging brands in the food sector. PIRHO Fresh Greek Grill was an accretive acquisition by Happy Belly Food Group, and it is anticipated that our franchising program will deliver new franchised locations that will continue to drive both the top line and bottom line of the company."
For franchising inquiries please see www.happybellyfg.com/franchise-with-us/or contact us at hello@happybellyfg.com.
About PIRHO Fresh Greek Grill
We strongly believe that food can bring people together and inspire colorful conversations. PIRHO culture is rooted in old-world Greek traditions with an emphasis on family and community. The wholesome ingredients, the careful preparation, the irresistible aromas, the delicious food and of course the human interaction all make for a warm and inviting atmosphere. During our visits to Greece, this nurturing environment left a deep and lasting impression with us. So much so that it led to the creation of PIRHO True Food Grill. The best of Greece right here in Ottawa! In our fast-paced world, taking the time to connect with friends and family has never been more important. You deserve to enjoy those precious moments and connect with your loved ones, in real life, with True Food. Join us for lunch or dinner at PIRHO Grill and fuel your soul.
About Happy Belly Food Group
Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: VGANF) ("Happy Belly" or the "Company") is a leading consolidator of emerging food brands.
Happy Belly Food Group
Shawn Moniz
Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE VISIT:
www: www.happybellyfg.com or email hello@happybellyfg.com
If you wish to contact us please call: (604) 737-2303
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur, and include the future performance of LumberHeads Food Co. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for Happy Belly described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis and other disclosure filings with Canadian securities regulators, which are posted on www.sedar.com.
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