Latest news with #MTY
Hamilton Spectator
05-05-2025
- Business
- Hamilton Spectator
MTY Food Group Inc. Announces Results from 2025 Annual General Meeting
MONTREAL, May 05, 2025 (GLOBE NEWSWIRE) — MTY Food Group Inc. ('MTY' or the 'Company') (TSX: MTY), franchisor and operator of multiple concepts of restaurants, is pleased to report the results from the votes from its shareholders for the 2025 Annual General Meeting of Shareholders held on Friday May 2, 2025 (the ''Meeting''). Over 16,283,918 shares were voted representing 70.57% of the outstanding shares of the Company. Here are the results of the votes on the matters set out in the management information circular dated March 19, 2025: 1. Election of Directors Each of the nominees listed in the Information Circular was elected as a Director of the Corporation, Individual results are set out below: 2. Appointment of Auditor Pricewaterhousee Coopers, LLP., was reappointed as auditor of the Corporation and the directors were authorized to fix the remuneration of the auditor. Results are set below: 3. Advisory vote on executive compensation The shareholders have approved the following resolution: That, on an advisory basis and not to diminish the role and responsibilities of the Directors, the shareholders accept the Board's approach to executive compensation disclosed in the Information Circular. Results are set below: 4. Shareholder proposals #1 The following resolution was rejected by the shareholders: That, the Board of Directors adopts a policy to require the Board Chair to be an independent director and amends the governing documents as necessary. Votes results are set out below: 5. Shareholder proposals #2 The following resolution was rejected by the shareholders: That, MTY publishes a food waste transparency report that identifies the types and quantities of food in the waste streams across its organization (including related disposal methods) and establishes measurable, timebound food waste reduction targets to regularly report progress toward. Votes results are set out below: 6. Shareholder proposals #3 The following resolution was rejected by the shareholders: That, MTY adopts 'a roadmap with benchmarks' for switching to cage-free eggs. Votes results are set out below: Each of the matters voted at the Meeting is discussed in detail in the Company's Management Information Circular dated March 19, 2025. These can be found on SEDAR+ at under the Company's profile for public filings. Final voting results on all matters voted at the Meeting will be filed on SEDAR+ at under the Company's profile for public filings. Certain information in this News Release may constitute 'forward-looking' information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as 'anticipate', 'estimate', 'may', 'will', 'expect', 'believe', 'plan' and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR+ at . On Behalf of the Board of Directors of MTY Food Group Inc. _____________________________________ Eric Lefebvre, Chief Executive Officer For more information please contact Eric Lefebvre, Chief Executive Officer at 1-514-336-8885 or by email at ir@ , or visit our website: or SEDAR+'s website at under the Company's name.
Yahoo
10-04-2025
- Business
- Yahoo
Is It Too Late To Consider Buying MTY Food Group Inc. (TSE:MTY)?
MTY Food Group Inc. (TSE:MTY), might not be a large cap stock, but it saw significant share price movement during recent months on the TSX, rising to highs of CA$52.76 and falling to the lows of CA$37.88. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether MTY Food Group's current trading price of CA$39.94 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at MTY Food Group's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Great news for investors – MTY Food Group is still trading at a fairly cheap price. According to our valuation, the intrinsic value for the stock is CA$57.70, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. Although, there may be another chance to buy again in the future. This is because MTY Food Group's beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. If the market is bearish, the company's shares will likely fall by more than the rest of the market, providing a prime buying opportunity. Check out our latest analysis for MTY Food Group Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Though in the case of MTY Food Group, it is expected to deliver a relatively unexciting top-line growth of 4.6% in the next few years, which doesn't help build up its investment thesis. Growth doesn't appear to be a main reason for a buy decision for the company, at least in the near term. Are you a shareholder? Even though growth is relatively muted, since MTY is currently undervalued, it may be a great time to accumulate more of your holdings in the stock. However, there are also other factors such as capital structure to consider, which could explain the current undervaluation. Are you a potential investor? If you've been keeping an eye on MTY for a while, now might be the time to enter the stock. Its future outlook isn't fully reflected in the current share price yet, which means it's not too late to buy MTY. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed investment decision. So while earnings quality is important, it's equally important to consider the risks facing MTY Food Group at this point in time. Every company has risks, and we've spotted 4 warning signs for MTY Food Group (of which 1 is concerning!) you should know about. If you are no longer interested in MTY Food Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
Happy Belly Appoints David LeBlanc as Director of Design and Construction
Toronto, Ontario--(Newsfile Corp. - February 11, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is thrilled to welcome David LeBlanc as Director of Design and Construction. "As we head into what promises to be a record-breaking year for store openings-fueled by the organic growth of our emerging brands and strategic acquisitions-Happy Belly is proud to welcome David LeBlanc as our new Director of Design and Construction," said Sean Black, Chief Executive Officer of Happy Belly. "David's proven expertise in design, construction, and general contracting makes him an invaluable asset as we scale our restaurant business. To support the growing number of real estate locations that will be opening in 2025 and 2026, it was essential to bolster our bench strength now, setting us up to achieve disciplined organic growth for years to come. David will work closely with brand managers, franchisees, and corporate teams to manage our comprehensive design and construction timetables, ensuring that both corporate and franchisee stores are delivered on schedule. His focus on efficient execution, scalability, and profitability is critical to upholding the high standards that define Happy Belly, and his leadership will play a pivotal role in accelerating our growth trajectory." "I am happy to continue putting the band back together and reuniting with David as part of the team. I worked with David at MTY (TSX: MTY) where he was excellent at driving proficiencies of the construction and design cycle. As our brands continue to scale, David's expertise and leadership will be invaluable in guiding us through this exciting phase of expansion. His extensive experience in the franchised food sector includes various senior design and construction roles at Basil Box, BUILD IT, and MTY." We are just getting started 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 leading consolidator of emerging food brands. Happy Belly To view an enhanced version of this graphic, please visit: Happy Belly Food GroupSean BlackChief Executive Officer Shawn MonizChief Operating Officer FOR FURTHER INFORMATION, PLEASE VISIT:www: or email hello@ 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 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
