Happy Belly Food Group Signs Real Estate for Corporate Combo Store of iQ Food Co. and Heal Wellness in Toronto, Ontario

Executive Summary

• Happy Belly Food Group announced the acquisition of a prime real‑estate site on Queen Street West, Toronto for its second combined iQ Food Co. and Heal Wellness store.
• Possession is expected in Q1 2025 with a grand opening slated for Q2 2025, extending the company’s “combo‑store” model that pairs complementary health‑focused brands under one roof.
• The new location will be iQ Food Co.’s 8th outlet in the GTA and adds to Happy Belly’s pipeline of 626 contractually committed franchise locations across Canada.

Key Details

• Location: Corner site on Queen Street West, Toronto – high‑traffic pedestrian intersection with parking.
• Timeline: Possession scheduled for Q1 2025; grand opening planned for Q2 2025.
• Brands Combined: iQ Food Co. (healthy bowls, smoothies, sandwiches, soups, salads) + Heal Wellness (smoothie bowls, super‑seed grain bowls).
• iQ Food Co. Expansion: 8th GTA location; 4th new store since Happy Belly’s acquisition of the brand in Q4 2025.
• Franchise Footprint: Total of 626 contractually committed retail franchise locations (in development, under construction, or open) across all Happy Belly brands.
• Growth Outlook: Company intends to significantly expand its pipeline in the back half of 2025 and throughout 2026 using a disciplined growth approach.

Notable Quotes

“Following the strong performance and operational success of our first combo store… we are ready to continue expanding this model with a second location, further validating the scalability and adaptability of our combination store model.” – Sean Black, CEO, Happy Belly Food Group

“We’re just getting started.” – Sean Black, CEO, Happy Belly Food Group