Leading emerging food brands aggregating company Happy Belly Food Group Inc (OTCMKTS:VGANF) was in focus this past Friday after it made a key new announcement. The company announced on the day that it had been successful in signing a definitive franchise acquisition agreement with the company PIRHO Food Grill.
On Friday, VGANF stock ended flat at $0.1186 with more than 55 shares, compared to its average volume of 6.55K shares. The stock moved within a range of $0.1186 – 0.1186 after opening trade at $0.1240.
Happy Belly Food Group Signs Definitive Franchise Acquisition Agreement with PIRHO Food Grill
PIRHO is a Greek fast food restaurant which offers gourmet wraps, bowls and pitas. The Chief Investment Officer of Happy Belly Food Group spoke about the latest development. He noted that everyone at the company was excited at welcoming PIRHO to its portfolio of emerging brands. He went on to add that the addition of PIRHO came close on the heels of Happy Belly Food Group entering the franchise space with plant based QSR Lettuce Love.
He went on to note that the definitive agreement was particularly important since the company was going to go for a franchise agreement that was asset light. Black noted that Happy Belly Food Group was looking forward to working with the founder of PIRHO, George Plagakis, for the purpose of accelerating the growth of the franchise model and the real estate, which are already in motion.