Plant & Co Brands Ltd (TSE:HBFG) has released an update.
Happy Belly Food Group has reported its 7th consecutive quarter of record revenues and 9th consecutive quarter of QoQ growth, with a 96% year-over-year revenue increase to $5.45 million in 2023. The company attributes this growth to strategic expansions, including 8 new locations, and achieving positive EBITDA in its Consumer Packaged Goods and Quick Service Restaurant divisions. Notably, system-wide restaurant sales surged to $5.75 million with the addition of new restaurants.
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