Happy Belly Food Group Inc., a Canadian company focused on acquiring and scaling emerging food brands, announced on September 14, 2026, that it has completed the acquisition of a 50% interest in the Ghost Taco fast casual restaurant chain. This follows an earlier announcement from May 5, 2026, where Happy Belly indicated its intention to enter into a binding letter of intent (LOI) regarding the acquisition.
In addition to the acquisition, on September 15, 2026, Happy Belly revealed that it has signed a 45-unit area development agreement for Ghost Taco in the province of Ontario. This agreement is designed to facilitate the establishment of new franchised locations throughout Ontario, marking an important step in growing the brand's presence in this province.
Further expanding its reach, Happy Belly announced on September 16, 2026, that it has also signed a 50-unit area development agreement for Western Canada, which includes plans for 25 units in Alberta and 25 units in British Columbia. These agreements signal a strategic move to increase the brand's footprint across various Canadian markets, aiming to enhance its brand recognition and consumer base.
With these developments, Happy Belly Food Group is positioning itself as a key player in the fast casual dining sector in Canada, leveraging its acquisition of Ghost Taco to accelerate growth through targeted expansion efforts in multiple regions.
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