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Happy Belly Food Group Says All Performance Warrants, Options Exercised

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Happy Belly Food Group (HBFG.CN) completed the first phase of its strategic growth and self-funding plan, marked by the exercise of all of its warrants and options that expired Thursday.

Chief Executive Sean Black said Friday the emerging food brands-focused consolidator is now transitioning into phase 2 of its growth plan. The next round of performance warrants will require company shares to trade at $10 apiece by Oct. 3, 2030, and a $60 million investment into treasury to be fully earned.

Happy Belly shares closed down $0.02, to $1.66 on Thursday, on the Canadian Securities Exchange.

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