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Happy Belly Food Groups Heal Wellness QSR Signs 40-Unit Area Development Agreement for the Province of Quebec
Happy Belly Food Groups Heal Wellness QSR Signs 40-Unit Area Development Agreement for the Province of Quebec

Globe and Mail

time9 hours ago

  • Business
  • Globe and Mail

Happy Belly Food Groups Heal Wellness QSR Signs 40-Unit Area Development Agreement for the Province of Quebec

Toronto, Ontario--(Newsfile Corp. - June 19, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce it has signed as of June 18 th, an area development agreement for the province of Quebec for the opening of 40 franchised restaurants of Heal Wellness ("Heal"), a quick-service restaurant ("QSR") specializing in fresh smoothie bowls, açaí bowls, and smoothies. Happy Belly 1 To view an enhanced version of this graphic, please visit: "Heal Wellness is quickly establishing a national presence and leading the accelerated growth of Happy Belly's portfolio of emerging brands. Today's announcement represents a significant milestone for both Heal and Happy Belly Food Group. Expanding into Quebec with a second brand highlights our ability to grow brands on a national scale, as Heal will now operate in its 9th province across Canada. With this progress, Heal's total contractually committed units have reached 180 across Canada and the U.S.," said Sean Black, Chief Executive Officer of Happy Belly." "With no clear category leader in the province of Quebec, the open ice opportunity before us is significant and one we were eager to capitalize on with our first mover advantage. Today's announcement underscores the strong and growing demand for Heal Wellness nationwide, making it a natural fit to align with our existing Quebec-based area developer partners-the same team leading the rollout of our Yolks Breakfast brand in the province. Our partners see the rising appetite for Heal's clean smoothies, acai bowls, and smoothie bowls, and are excited about introducing the brand to this new market. With more than 22 years of experience successfully launching and supporting both corporate and franchised operations across multiple brands, their expertise will play a critical role in ensuring Heal's success in Quebec. Partnering with a proven Quebec-based team provides us boots on the ground and further strengthens Happy Belly's presence in the province, as we continue to expand the footprint of both Yolks and Heal in our accelerated national franchising. "With 591 retail franchise locations contractually committed-covering sites in planning, construction, and operation-we are steadily expanding our pipeline into 2025 and 2026 by partnering with the right operators and securing prime locations. Our asset-light franchise model remains central to our growth strategy, enabling us to drive disciplined organic expansion while maximizing asset value. This approach positions Happy Belly for a strong and sustainable future, delivering long-term value for our shareholders." We are just getting started. 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. We currently offer a diverse range of smoothie bowls and smoothies. We take pride in meticulously selecting every superfood ingredient on our menu to fuel the body, including acai smoothie bowls, smoothies, and super-seed grain bowls. Our smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds, and more. Franchising For franchising inquiries please see or contact us at hello@ Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leader in acquiring and scaling emerging food brands across Canada. Happy Belly 2 To view an enhanced version of this graphic, please visit: Sean Black Chief Executive Officer Shawn Moniz Chief Operating Officer 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 Happy Belly and her subsidiaries. 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

Happy Belly Food Groups Heal Wellness QSR Signs 40-Unit Area Development Agreement for the Province of Quebec
Happy Belly Food Groups Heal Wellness QSR Signs 40-Unit Area Development Agreement for the Province of Quebec

Yahoo

time9 hours ago

  • Business
  • Yahoo

Happy Belly Food Groups Heal Wellness QSR Signs 40-Unit Area Development Agreement for the Province of Quebec

Toronto, Ontario--(Newsfile Corp. - June 19, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce it has signed as of June 18th, an area development agreement for the province of Quebec for the opening of 40 franchised restaurants of Heal Wellness ("Heal"), a quick-service restaurant ("QSR") specializing in fresh smoothie bowls, açaí bowls, and smoothies. Happy Belly 1 To view an enhanced version of this graphic, please visit: "Heal Wellness is quickly establishing a national presence and leading the accelerated growth of Happy Belly's portfolio of emerging brands. Today's announcement represents a significant milestone for both Heal and Happy Belly Food Group. Expanding into Quebec with a second brand highlights our ability to grow brands on a national scale, as Heal will now operate in its 9th province across Canada. With this progress, Heal's total contractually committed units have reached 180 across Canada and the U.S.," said Sean Black, Chief Executive Officer of Happy Belly." "With no clear category leader in the province of Quebec, the open ice opportunity before us is significant and one we were eager to capitalize on with our first mover advantage. Today's announcement underscores the strong and growing demand for Heal Wellness nationwide, making it a natural fit to align with our existing Quebec-based area developer partners-the same team leading the rollout of our Yolks Breakfast brand in the province. Our partners see the rising appetite for Heal's clean smoothies, acai bowls, and smoothie bowls, and are excited about introducing the brand to this new market. With more than 22 years of experience successfully launching and supporting both corporate and franchised operations across multiple brands, their expertise will play a critical role in ensuring Heal's success in Quebec. Partnering with a proven Quebec-based team provides us boots on the ground and further strengthens Happy Belly's presence in the province, as we continue to expand the footprint of both Yolks and Heal in our accelerated national franchising. "With 591 retail franchise locations contractually committed-covering sites in planning, construction, and operation-we are steadily expanding our pipeline into 2025 and 2026 by partnering with the right operators and securing prime locations. Our asset-light franchise model remains central to our growth strategy, enabling us to drive disciplined organic expansion while maximizing asset value. This approach positions Happy Belly for a strong and sustainable future, delivering long-term value for our shareholders." We are just getting started. 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. We currently offer a diverse range of smoothie bowls and smoothies. We take pride in meticulously selecting every superfood ingredient on our menu to fuel the body, including acai smoothie bowls, smoothies, and super-seed grain bowls. Our smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds, and more. FranchisingFor franchising inquiries please see or contact us at hello@ About Happy Belly Food GroupHappy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leader in acquiring and scaling emerging food brands across Canada. Happy Belly 2 To view an enhanced version of this graphic, please visit: Sean BlackChief Executive Officer Shawn MonizChief Operating Officer FOR FURTHER INFORMATION, PLEASE VISIT:www: or email hello@ you wish to contact us please call: 1-877-589-8805 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 Happy Belly and her subsidiaries. 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 To view the source version of this press release, please visit

Happy Belly Food Group's iQ Food's QSR Announces the Signing of a Franchisee and Real Estate Location for the City of Toronto
Happy Belly Food Group's iQ Food's QSR Announces the Signing of a Franchisee and Real Estate Location for the City of Toronto

Yahoo

timea day ago

  • Business
  • Yahoo

Happy Belly Food Group's iQ Food's QSR Announces the Signing of a Franchisee and Real Estate Location for the City of Toronto

Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce the signing of a new franchise agreement and the securing of a prime real estate location in Toronto's Avenue and Lawrence area. This milestone marks the third brand within our portfolio to become operational in this high-potential neighborhood. The upcoming location is expected to open in late Q3 of this year and will be led by a seasoned multi-unit franchisee who currently owns and operates several Heal Wellness restaurants across Toronto. The brand launching at this site will be iQ Food Co. ("iQ"), a Toronto-based QSR concept known for its vibrant selection of nourishing, clean-eating dishes-including healthy bowls, smoothies, sandwiches, soups, and salads-crafted to appeal to a wide range of tastes and lifestyles. Happy Belly 1 To view an enhanced version of this graphic, please visit: "Our rapid expansion of the iQ Food's brand reflects both our strong execution capabilities and the significant untapped potential we saw in the concept prior to acquisition," said Sean Black, Chief Executive Officer of Happy Belly. "Since completing our 100% acquisition of iQ on September 18, 2024-at which time the brand operated four locations-we have acted swiftly to scale the business. Key milestones include the appointment of Randall Papineau, former VP of Growth and Operations at FRESH Restaurants, as President of Emerging Brands; opened a location in partnership with Oliver & Bonacini at the Queen's Cross food court in CF Toronto Eaton Centre; and the signing of three area development agreements to fuel nationwide growth. These agreements will bring a combined total of 65 new iQ locations to Canada-20 in Alberta, 25 in Ontario, and 20 in British Columbia. This momentum affirms our confidence in the brand and positions iQ for sustained national expansion." Happy Belly 2 To view an enhanced version of this graphic, please visit: "Today marks a significant milestone with the first franchise agreement signed under our 65-unit area development plan for iQ. This will mark the seventh (7th) iQ location to open and operate this year, representing a 75% increase in unit count and putting us on track to double system sales within just 12 months of acquiring the brand. It reflects our commitment to growing iQ through disciplined, organic expansion, with a clear focus on key urban markets across Canada. iQ has firmly established itself as a leader in the premium healthy eating category, strategically located in high-density urban and business districts. With a strong and growing base of health-conscious customers-ranging from downtown professionals to local residents-the brand is also scaling its catering services to extend its reach. This strategy continues to drive brand awareness, customer loyalty, and sustained word-of-mouth growth." Happy Belly 3 To view an enhanced version of this graphic, please visit: "As we enter the second half of 2025, our focus remains on accelerating growth through organic development and targeted acquisitions. With a growing pipeline of restaurants across Canada, we expect to announce new projects in the coming months as we secure additional franchise partnerships and premium real estate. These efforts mark meaningful progress toward our goal of building a disciplined, scalable growth platform. Happy Belly currently has 551 contractually committed retail franchise locations-spanning planning, construction, and operational-and we continue to expand this pipeline into 2025 and 2026 by aligning with the right partners and sites."We are just getting started. About iQ Food Co. iQ is a flagship brand in Canada's premium healthy eating market and is strategically located in urban and central business districts. iQ serves a variety of delicious and wholesome food options such as healthy bowls, smoothies, sandwiches, soups, and salads, along with other flavorful clean-eating dishes that the whole family can enjoy. iQ caters to thousands of health-conscious customers from local businesses, while expanding into catering services to service an even greater audience in downtown densely populated areas. This strategy has fostered strong brand recognition and a loyal customer base driven by word-of-mouth and, most importantly, satisfied customers. FranchisingFor franchising inquiries please see or contact us at hello@ About Happy Belly Food GroupHappy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leader in acquiring and scaling emerging food brands across Canada. Happy Belly 4 To view an enhanced version of this graphic, please visit: Sean BlackChief Executive Officer Shawn MonizChief Operating Officer FOR FURTHER INFORMATION, PLEASE VISIT:www: or email hello@ you wish to contact us please call: 1-877-589-8805 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 Happy Belly and her subsidiaries. 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 To view the source version of this press release, please visit

Happy Belly Food Group's Heal Wellness QSR Announces the Signing of a Multi Unit Franchise Agreement for 5 Stores on Vancouver Island, British Columbia
Happy Belly Food Group's Heal Wellness QSR Announces the Signing of a Multi Unit Franchise Agreement for 5 Stores on Vancouver Island, British Columbia

Yahoo

time2 days ago

  • Business
  • Yahoo

Happy Belly Food Group's Heal Wellness QSR Announces the Signing of a Multi Unit Franchise Agreement for 5 Stores on Vancouver Island, British Columbia

Toronto, Ontario--(Newsfile Corp. - June 17, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce that as of June 16th, it has signed a five (5) store franchise agreement for Vancouver Island, in the province of British Columbia ("BC"). The franchisee is an experienced multi-unit operator who currently owns and operates all the existing Heals in BC's lower mainland. Heal Wellness ("Heal") is a quick-service restaurant ("QSR") brand specializing in fresh smoothie bowls, açaí bowls, and smoothies. HEAL Wellness 1 To view an enhanced version of this graphic, please visit: "We have been looking at Vancouver Island for some time now as its demographics perfectly align with the clean, healthy yet convenient products Heal Wellness has to offer its customers," said Sean Black, Chief Executive Officer. "We are seeing a growing number of our franchise partners evolve into multi-unit operators across the Happy Belly portfolio-an exciting validation of our business model. This evolution not only reflects the confidence our partners have in our emerging brands but also enables us to scale rapidly with trusted operators. Their continued success strengthens our national footprint and accelerates our reach across key Canadian markets. As Heal Wellness quickly becomes Canada's first true coast-to-coast smoothie bowl brand, these strong partnerships and our dependable franchise support system are key drivers behind our expanding presence." HEAL Wellness 2 To view an enhanced version of this graphic, please visit: "Vancouver Island has a strong health-conscious population, active outdoor lifestyle, and thriving tourism industry. The region attracts residents and visitors who value fresh, nutritious, and on-the-go food options-making it a natural fit for our Heal brand as our products are focused on wellness and clean eating. From surf towns like Tofino to bustling hubs like Victoria and Nanaimo, the island boasts vibrant communities that embrace local businesses. With year-round outdoor activities like hiking, cycling, and beachgoing, demand for refreshing, energizing food options remains consistent. Vancouver Island's unique mix of laid-back coastal culture and wellness-driven consumers creates a prime market for our smoothie and açaí bowl concept to thrive." "As we enter the second half of 2025, our focus remains on accelerating growth through organic development and targeted acquisitions. With a growing pipeline of restaurants across Canada, we expect to announce new projects in the coming months as we secure additional franchise partnerships and premium real estate. These efforts mark meaningful progress toward our goal of building a disciplined, scalable growth platform. Happy Belly currently has 551 contractually committed retail franchise locations-spanning planning, construction, and operational-and we continue to expand this pipeline into 2025 and 2026 by aligning with the right partners and sites."We are just getting Heal WellnessHeal Wellness was founded with a passion and mission to provide quick, fresh wellness foods that support a busy and active lifestyle. We currently offer a diverse range of smoothie bowls and smoothies. We take pride in meticulously selecting every superfood ingredient on our menu to fuel the body, including acai smoothie bowls, smoothies, and super-seed grain bowls. Our smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds, and franchising inquiries please see or contact us at hello@ About Happy Belly Food GroupHappy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leader in acquiring and scaling emerging food brands across Caasdnada. Happy Belly Food Group To view an enhanced version of this graphic, please visit: Sean BlackChief Executive Officer Shawn MonizChief Operating Officer FOR FURTHER INFORMATION, PLEASE VISIT:www: or email hello@ you wish to contact us please call: 1-877-589-8805 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 Happy Belly and her subsidiaries. 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 To view the source version of this press release, please visit Sign in to access your portfolio

Happy Belly Food Group's Heal Wellness QSR Announces Securing a Real-Estate Location in the City of Charlottetown, Prince Edward Island
Happy Belly Food Group's Heal Wellness QSR Announces Securing a Real-Estate Location in the City of Charlottetown, Prince Edward Island

Globe and Mail

time3 days ago

  • Business
  • Globe and Mail

Happy Belly Food Group's Heal Wellness QSR Announces Securing a Real-Estate Location in the City of Charlottetown, Prince Edward Island

Toronto, Ontario--(Newsfile Corp. - June 16, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is pleased to announce that just two weeks following our May 27th news release regarding the signing of a franchisee for the province of Prince Edward Island (" PEI"), we have secured a prime real estate location in the City of Charlottetown, PEI. The franchisee is an experienced multi-unit, multi-branded operator who currently owns both Lettuce Love Café and HEAL Wellness in Westdale, Hamilton. We anticipate the Charlottetown location to open in late Q3 2025. Heal Wellness (" Heal") is a quick-service restaurant (" QSR") brand specializing in fresh smoothie bowls, açaí bowls, and smoothies. To view an enhanced version of this graphic, please visit: "In under four months Happy Belly has announced an area development agreement for Heal in Atlantic Canada, signed multiple franchisees, and now signed their 1 st prime real estate location for Heal to be opened in Charlottetown, PEI", said Sean Black, Chief Executive Officer. "We are ready to begin the initial stages of construction for this location and to welcome an experienced franchisee who is now expanding with Happy Belly. We are inspired by the growth of our franchise partners-taking on more brands and more locations-which further validates the strength of our emerging brand portfolio and the reliable foundation our franchising program provides. As summer begins, we look forward to accelerating this momentum with additional franchise agreements across Canada. Securing Heal's first real estate location on the East Coast represents a major milestone in our national expansion strategy." To view an enhanced version of this graphic, please visit: "With every new agreement signed, Heal Wellness continues to emerge as the 1 st true national smoothie bowl brand with a coast to coast presence. As we enter the back half of 2025, our priority remains on accelerating growth through a combination of organic development and targeted acquisitions. With a growing number of restaurants in the pipeline across Canada, we anticipate announcing additional projects in the coming months as we continue to lock in new franchise partnerships and secure high-quality real estate. These advancements reflect meaningful progress toward our vision of building a disciplined and scalable growth platform. Currently, Happy Belly has 551 retail franchise locations contractually committed across our portfolio of emerging brands-spanning those in planning, under construction, or already in operation. We are actively growing this pipeline into 2025 and 2026, consistently aligning with the right partners and locations to bring our development strategy to life." We are just getting started. 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. We currently offer a diverse range of smoothie bowls and smoothies. We take pride in meticulously selecting every superfood ingredient on our menu to fuel the body, including acai smoothie bowls, smoothies, and super-seed grain bowls. Our smoothie bowls are crafted with real fruit and enriched with superfoods like acai, pitaya, goji berries, chia seeds, and more. Franchising For franchising inquiries please see or contact us at hello@ About Happy Belly Food Group Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company") is a leader in acquiring and scaling emerging food brands across Caasdnada. Happy Belly Food Group To view an enhanced version of this graphic, please visit: Sean Black Chief Executive Officer Shawn Moniz Chief Operating Officer FOR FURTHER INFORMATION, PLEASE VISIT: www: or email hello@ If you wish to contact us please call: 1-877-589-8805 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 Happy Belly and her subsidiaries. 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

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