14:21:35 EDT Thu 11 Jun 2026
Enter Symbol
or Name
USA
CA



Happy Belly Food Group Inc
Symbol HBFG
Shares Issued 151,228,172
Close 2026-06-10 C$ 1.50
Market Cap C$ 226,842,258
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Happy Belly signs 10-store Montreal franchise deal

2026-06-11 12:19 ET - News Release

Mr. Sean Black reports

HAPPY BELLY FOOD GROUP'S HEAL WELLNESS SIGNS 10-UNIT FRANCHISE AGREEMENT WITH EXISTING MULTI-UNIT FRANCHISEE FOR THE GREATER MONTREAL AREA OF QUEBEC

Happy Belly Food Group Inc.'s Acai brand Heal Wellness has secured a 10-store multiunit franchise agreement for the Greater Montreal Area of the province of Quebec with an existing multiunit franchisee. These new locations will be in the greater Montreal area of Quebec, further strengthening the company's foothold in this province and advancing Heal's disciplined, asset-light growth strategy as the brand continues to expand across Quebec's high-growth urban and suburban markets. Heal Wellness is a fast-growing quick-service restaurant (QSR) brand specializing in fresh smoothie bowls, acai bowls and smoothies, built around clean ingredients and a better-for-you lifestyle.

"Following a very successful opening in Griffintown last month by our franchisee, Pietro Maio and his partner Lucio Carlomusto, they have decided to become multiunit franchisees of Heal and increased their commitment to Happy Belly with an additional 10 Heal Wellness units. Pietro also has a multiunit agreement with his partners at Carma Hospitality for 10 Rosie's Burgers locations. It is an incredible feeling when franchisees place such trust in Happy Belly's brands that they become both multiunit and multibrand franchisees. I have known Pietro for many years, and when his partner Lucio discovered Heal there was no way these guys were going to miss the opportunity to be part of the brand in Quebec. This marks Happy Belly's third major agreement in Quebec, underscoring our commitment to accelerating development in the province," said Sean Black, chief executive officer of Happy Belly.

"Heal Wellness continues to expand rapidly across Canada and into the United States, solidifying its position as a leading acai and smoothie bowl brand," said Sean Black. "With 41 locations now open and more than 167 in development, Heal remains a key driver of growth within Happy Belly's broader portfolio of 686 contractually committed retail franchise locations across multiple emerging brands in various stages of development, construction and operation. We continue to build a predictable and disciplined growth engine designed to create long-term shareholder value.

"We are just getting started," said Mr. Black.

About Heal Wellness

Heal Wellness was founded with a passion and mission to provide quick, fresh wellness foods that support a busy and active lifestyle. Heal currently offers a diverse range of smoothie bowls and smoothies. It takes pride in meticulously selecting every superfood ingredient on Heal's menu to fuel the body, including acai smoothie bowls, smoothies and superseed grain bowls. Heal's smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds and more.

About Happy Belly Food Group Inc.

Happy Belly Food Group is a leader in acquiring and scaling emerging food brands across Canada.

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