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Home CompaniesHappy Belly Food Group Inc. (formerly was VEGN/Plant & Co. Brands Ltd until 2022-08-31)

Happy Belly Food Group Inc. (formerly was VEGN/Plant & Co. Brands Ltd until 2022-08-31)

Consumer Defensive Packaged Foods
PortfolioPortfolio WatchlistWatchlist
Company price
1.5 CAD -0.06 ( 3.85%)
Last update at 2026-11-06T20:53:00Z
VOLUME
27753
Market Cap
226.22M

Momentum Score

…

Happy Belly Food Group Inc. operates as a multi-branded restaurant company that engages in acquiring and scaling emerging food brands across Canada. It operates through Consumer Product Goods and Quick Restaurant Services segments. The company produces and sells breakfast cereal and related food products under the Holy Crap brand; and snack food products under the Lumber Heads brand through retailers, as well as online retailers and its website. It also operates various corporate quick service restaurants under the Heal Lifestyle, Lettuce Love, Joey Turks Caribbean Grill, Pirho Fresh Greek Grill, and Rosie's Burgers names in Ontario and Vancouver; and franchisee restaurant under the Heal Wellness brand, as well as Yolks Breakfast, Via Cibo Italian Street Food, and other brand names. The company was formerly known as Plant & Co. Brands Ltd. and changed its name to Happy Belly Food Group Inc. in September 2022. Happy Belly Food Group Inc. was incorporated in 2014 and is based in Vancouver, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
1.50
Low
1.55
High
52 Week Price Range
0.98
Low
2.35
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public information on Happy Belly Food Group Inc. is limited; the company, which changed its name from VEGN/Plant & Co. Brands Ltd on 2022-08-31, is a Canadian-listed small-cap food company associated with branded food products. The name change and historical filings suggest a focus on consumer food brands, possibly including plant-based offerings, and long-term growth drivers could include shifting consumer demand for healthier convenience foods and brand expansion. Investors may find exposure to packaged-food trends and potential consolidation attractive, but this depends on successful execution and scale-up.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.56
Dividend Yield
-
Revenue TTM
18.99M
Revenue Per Share
0.15
Gross Profit TTM
8.54M
Debt / Equity
-
ROE
-54.89%
Net Debt
2.20M
ROCE
-17.08%
Diluted EPS TTM
-0.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -2.37M -1.83M -2.74M -26.58M
Minority interest -0.09M -0.09M - -
Net income -2.36M -1.92M -2.74M -26.58M
Selling general administrative 6.09M 3.61M 2.56M 10.97M
Gross profit 5.46M 2.96M 1.21M 0.61M
Reconciled depreciation 0.48M 0.44M 0.54M 0.53M
Operating income -1.35M -1.09M -2.01M -11.29M
Interest expense 0.96M 0.71M 0.27M 0.05M
Tax provision -0.11M 0.00M - -
Interest income 0.11M 0.01M - -
Net interest income -0.84M -0.70M -0.27M -0.05M
Total revenue 9.07M 5.41M 2.73M 1.20M
Total operating expenses 10.42M 6.50M 4.75M 12.50M
Cost of revenue 3.61M 2.45M 1.53M 0.60M
Total other income expense net -0.18M -0.04M -0.46M -15.24M
Net income from continuing ops -2.27M -1.83M -2.74M -26.58M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 9.34M 5.85M 4.28M 3.67M
Intangible assets 0.41M 0.06M 0.19M 0.46M
Total liab 6.91M 6.41M 3.50M 0.59M
Total stockholder equity 2.18M -0.72M 0.72M 3.05M
Other current liab 0.09M - 0.00M 0.01M
Capital stock 40.47M 35.47M 35.76M 35.47M
Retained earnings -50.59M -48.23M -46.31M -43.63M
Good will 1.06M 0.91M 0.91M 1.33M
Cash 3.49M 1.27M 1.10M 0.94M
Total current liabilities 1.44M 1.35M 0.95M 0.31M
Net debt - 2.20M 1.04M -
Short long term debt 0.03M 0.07M 0.20M -
Total current assets 4.71M 2.14M 1.85M 1.33M
Long term investments 0.27M 0.00M - -
Short term investments 0.08M 0.31M 0.06M 0.08M
Net receivables 0.64M 0.26M 0.10M 0.05M
Long term debt 3.20M 3.40M 1.95M 0.09M
Inventory 0.30M 0.22M 0.27M 0.14M
Accounts payable 0.60M 0.46M 0.36M 0.17M
Non currrent assets other 0.18M 0.22M 0.08M -
Non current assets total 4.63M 3.71M 2.43M 2.34M
Capital lease obligations 1.97M 1.87M 0.76M 0.25M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 0.04M 0.00M 0.00M -0.33M
Net borrowings 2.53M 1.20M 1.78M -0.11M
Total cash from financing activities 3.12M 1.20M 1.82M 1.64M
Net income -2.36M -1.83M -2.74M -26.58M
Change in cash 2.22M 0.17M 0.17M -3.20M
Begin period cash flow 1.27M 1.10M 0.94M 4.14M
End period cash flow 3.49M 1.27M 1.10M 0.94M
Total cash from operating activities -0.89M -0.72M -1.62M -4.18M
Issuance of capital stock - - 0.00M 0.60M
Depreciation 0.48M 0.44M 0.54M 0.53M
Change to inventory 0.00M 0.05M -0.08M -0.04M
Change to account receivables -0.33M -0.11M 0.02M 0.02M
Sale purchase of stock - - 0.00M -0.02M
Capital expenditures 0.14M 0.35M 0.12M 0.00M
Change in working capital -0.29M 0.15M -0.06M -0.08M
Stock based compensation 0.29M 0.06M 0.01M 6.54M
Other non cash items 0.60M 0.46M 0.11M 0.12M
Free cash flow -1.03M -1.08M -1.74M -4.18M

Peer Comparison*

Sector: Consumer Defensive Industry: Packaged Foods

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
HBFG
Happy Belly Food Group Inc. (formerly was VEGN/Plant & Co. Brands Ltd until 2022-08-31)		 -0.06
3.85%		 1.50 - 169.49 11.91 90.41 11.98 1394.78
NPRA
Nepra Foods Inc.		 0.04
16.07%		 0.33 - - 5.51 2.12 4.62 -1.44
PSYC
Psyched Wellness Ltd		 -
-%		 0.01 - - 12.92 2.62 12.45 -1.82
MEAT
Modern Plant Based Foods Inc		 -0.02
40.00%		 0.03 - - 3.11 196.16 6.84 -1.64
VEGI
Boosh Plant-Based Brands Inc		 -
-%		 0.01 - - 0.97 0.18 4.60 -0.12

Profile*

Happy Belly Food Group Inc. (formerly was VEGN/Plant & Co. Brands Ltd until 2022-08-31)

Happy Belly Food Group Inc. operates as a multi-branded restaurant company that engages in acquiring and scaling emerging food brands across Canada. It operates through Consumer Product Goods and Quick Restaurant Services segments. The company produces and sells breakfast cereal and related food products under the Holy Crap brand; and snack food products under the Lumber Heads brand through retailers, as well as online retailers and its website. It also operates various corporate quick service restaurants under the Heal Lifestyle, Lettuce Love, Joey Turks Caribbean Grill, Pirho Fresh Greek Grill, and Rosie's Burgers names in Ontario and Vancouver; and franchisee restaurant under the Heal Wellness brand, as well as Yolks Breakfast, Via Cibo Italian Street Food, and other brand names. The company was formerly known as Plant & Co. Brands Ltd. and changed its name to Happy Belly Food Group Inc. in September 2022. Happy Belly Food Group Inc. was incorporated in 2014 and is based in Vancouver, Canada.

1681 Chestnut Street, Vancouver, BC, Canada, V6J 4M6

604-737-2303

https://happybellyfg.com

Name Title Year Born
Mr. Sean Black Co-Founder, CEO & Director NA
Mr. Shawn Moniz Co-Founder, Interim CFO, President, Director & Corporate Secretary NA
Mr. John Delutis Chief Operating Officer NA
Mr. Randall Papineau Chief Restaurant Officer NA
Mr. Ian Thomas Executive Vice President of Finance NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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