At any rate, The Pursuit of Happiness (TPOH) was a Canadian independent band fronted by Moe Berg. Although Berg was from Edmonton, the group formed in 1985, when he moved to Toronto. TPOH released a few independent singles (including "I'm An Adult Now") before signing with Chrysalis Records. Their first LP, Love Junk was produced by Todd Rundgren (who appeared on ERV back in March), and was released in 1988.
TPOH crafted some clever college rock material, but they never broke through in the U.S. Love Junk peaked at #93 on the album charts, and "I'm An Adult Now" did not chart, although it did generate a little bit of airplay on MTV and college radio.
While The Pursuit of Happiness never officially broke up, they more or less stopped recording after 1996, though they did record two new tracks for a 2005 greatest hits collection. Moe Berg remains in the music industry as of this writing, working primarily as a producer.
Note that we have two videos for the song -- the 1986 original independent video:
And the 1988 version: