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ODD BURGER CORPORATION - ODDAF STOCK NEWS

Welcome to our dedicated page for ODD BURGER CORPORATION news (Ticker: ODDAF), a resource for investors and traders seeking the latest updates and insights on ODD BURGER CORPORATION stock.

Odd Burger Corporation (ODDAF) is a leading plant-based food company that focuses on creating innovative and delicious plant-based burger alternatives. The company has seen significant growth in recent years, with a strong emphasis on sustainability and ethical food production. Their commitment to providing high-quality, healthy, and environmentally friendly food options has garnered them a loyal customer base and positioned them as a key player in the plant-based food industry.

With a mission to revolutionize the way people think about plant-based food, Odd Burger Corporation continues to expand its product line and reach new markets. Through strategic partnerships and a dedication to quality, the company remains at the forefront of the plant-based food movement, offering consumers a tasty and sustainable alternative to traditional meat products.

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The Power Play by The Market Herald has released new interviews with Odd Burger, ARway.ai, and Homerun Resources, discussing their latest news:

1. Odd Burger (TSXV:ODD) (OTCQB:ODDAF) will be the title sponsor at VegTO Fest, Ontario's largest vegan festival, taking place in Toronto from September 9th - 10th 2023.

2. ARway.ai (CSE:ARWY) (OTCQB:ARWYF), an AI-powered Augmented Reality Experience platform, announces its transition to a SaaS business model.

3. Homerun Resources (TSXV:HMR) has executed a confidentiality commitment document with Companhia Baiana de Pesquisa Mineral to explore and develop high-purity quartz silica resources in Belmonte, Bahia, Brazil.

These interviews provide investors with quick snapshots of the companies' latest developments through exclusive insights from company executives.

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Odd Burger Corporation's manufacturing division, Preposterous Foods, has signed a Brokerage Agreement with A.S. Food Sales to boost sales of its plant-based protein and sauce product lines in Canada. The focus will be on obtaining food service customers, including hospitals, schools, convenience stores, and other institutions. Preposterous Foods currently produces 12 plant-based proteins and 8 plant-based sauces designed for food service use. All 20 products are listed through Sysco Canada with distribution points in Ontario and Alberta.
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Odd Burger Corporation announces its financial results for the second quarter of 2023. The company achieved a quarterly gross margin of $169,070 or 22.6% of gross sales, compared to $2,658 or 0.04% the previous year. Total revenue increased by 16.7% to $749,075 from $641,508 the previous year. The company has 14 Franchise Agreements signed across Canada, with 8 under active construction and expected to open by the end of the year.
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Odd Burger Corporation (OTCQB: ODDAF) announced the addition of Marc Goodman, former Vice President and General Manager of 7-Eleven Canada Inc., to its Board of Directors as of March 13, 2023. Goodman brings over 20 years of experience from his previous role at Suncor Energy and has a record of optimizing operational efficiency and increasing sales. Under his leadership, 7-Eleven Canada launched a plant-based breakfast sandwich in January 2023, which is available at over 550 locations. CEO James McInnes expressed excitement about Goodman's extensive retail experience contributing to Odd Burger's growth.

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Odd Burger Corporation reported its Q1 financial results for the fiscal year ending September 30, 2023, showing a 12% revenue increase to $785,511 and a gross margin improvement of $41,150 compared to last year. Despite challenges from Winter Storm Elliot affecting December revenue, the company's underlying performance was strong, highlighted by a 30% sales increase in its food manufacturing division and a 179% rise in franchise fee revenue. Odd Burger is expanding its asset-light franchising strategy with 13 additional units planned and has completed its U.S. Franchise Agreements, preparing to enter the U.S. market in 2023.

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Odd Burger Corporation has launched the Odd Stock Program, an innovative franchising initiative that enables franchisees to waive their franchise fees by investing an equivalent amount in the Company through a private placement or purchasing shares on the open market. This new approach aims to significantly enhance franchise unit growth, with expectations of ten more locations in Canada and two international projects. The program has already drawn $495,000 in investments, surpassing the $355,000 in franchise fees collected for FY2022. Odd Burger's initiative stands out by allowing franchisees to directly benefit from the Company's success.

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Odd Burger Corporation (OTCQB: ODDAF) announced impressive financial results for the fiscal year ending September 30, 2022, showcasing record revenue growth. Yearly revenue increased by 115.5%, reaching $2,952,028, up from $1,169,334 in 2021. The fourth quarter also marked the highest revenue at $835,779, compared to $384,745 a year prior. While operating loss improved by 17.1%, the total annual loss stood at (4,285,736). Despite inflationary pressures, the company anticipates growth with over 10 new locations in Canada and plans for U.S. expansion.

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FAQ

What is the market cap of ODD BURGER CORPORATION (ODDAF)?

The market cap of ODD BURGER CORPORATION (ODDAF) is approximately 9.3M.

What is Odd Burger Corporation known for?

Odd Burger Corporation is known for creating innovative and delicious plant-based burger alternatives.

What sets Odd Burger Corporation apart from competitors?

Odd Burger Corporation stands out for its strong emphasis on sustainability, ethical food production, and commitment to providing high-quality, healthy, and environmentally friendly food options.

How has Odd Burger Corporation's growth been in recent years?

Odd Burger Corporation has experienced significant growth in recent years, expanding its product line, reaching new markets, and building a loyal customer base.

What is Odd Burger Corporation's mission?

Odd Burger Corporation's mission is to revolutionize the way people think about plant-based food and offer consumers tasty and sustainable alternatives to traditional meat products.

What strategies does Odd Burger Corporation use to stay competitive?

Odd Burger Corporation utilizes strategic partnerships, a dedication to quality, and a focus on innovation to remain at the forefront of the plant-based food industry.

How does Odd Burger Corporation contribute to the sustainability of the food industry?

Odd Burger Corporation contributes to the sustainability of the food industry by offering environmentally friendly food options and promoting ethical food production practices.

Where can I find more information about Odd Burger Corporation's products and initiatives?

For more information about Odd Burger Corporation's products, initiatives, and latest news, visit StockTitan and stay informed about the company's developments.

What is the market position of Odd Burger Corporation?

Odd Burger Corporation holds a key position in the plant-based food industry, with a strong focus on innovation, sustainability, and quality.

How does Odd Burger Corporation cater to consumer preferences?

Odd Burger Corporation caters to consumer preferences by offering a wide range of plant-based burger alternatives that are both delicious and environmentally friendly.

What can investors expect from Odd Burger Corporation in the future?

Investors can expect continued growth, innovation, and expansion from Odd Burger Corporation as the company solidifies its position in the plant-based food market.

Why should I consider investing in Odd Burger Corporation?

Investing in Odd Burger Corporation offers an opportunity to support a sustainable, innovative company that is shaping the future of the food industry with its plant-based products and ethical practices.

ODD BURGER CORPORATION

OTC:ODDAF

ODDAF Rankings

ODDAF Stock Data

9.28M
31.56M
65.48%
Restaurants
Consumer Cyclical
Link
United States of America
London