There are many interesting companies which may be flying a bit under the radar at this point in time and it could be a good move for investors to discover some of those. One such company is the leading emerging food brands aggregator Happy Belly Food Group Inc (OTCMKTS:VGANF).
Market Action
On Wednesday, VGANF stock moved up 1.99% to $0.0747 with more than 160 shares traded, compared to volume of 3.57K shares. The stock moved within a range of $0.0747 – 0.0747 after opening trading at $0.0747.
Happy Belly Food Group Signs a Binding LOI with Lady Glaze – A Gourmet Doughnut and Dessert Business
The company had come into the news cycle back on December 12 after it announced that it had managed to sign a binding agreement to acquire the gourmet doughnut and dessert company Lady Glaze. It could well prove to be a significant acquisition considering the fact that Lady Glaze boasts of a food manufacturing plant that spans across 3000 square foot and 5 retail outlets at this point.
The Chief Investment Officer of Happy Belly, Sean Black, spoke about the latest development as well. He noted that Lady Glaze was a leader in the gourmet doughnut category and it was an opportunity that was impossible to pass on. He went on to note that Lady Glaze had managed to establish as many as 5 successful locations in just three years and it indicated that he believed that the possibility for growth was considerable. It may be a good idea for investors to keep an eye on the stock.
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