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.
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.
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.
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.
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.
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
FAQ
What is the market cap of ODD BURGER CORPORATION (ODDAF)?
What is Odd Burger Corporation known for?
What sets Odd Burger Corporation apart from competitors?
How has Odd Burger Corporation's growth been in recent years?
What is Odd Burger Corporation's mission?
What strategies does Odd Burger Corporation use to stay competitive?
How does Odd Burger Corporation contribute to the sustainability of the food industry?
Where can I find more information about Odd Burger Corporation's products and initiatives?
What is the market position of Odd Burger Corporation?
How does Odd Burger Corporation cater to consumer preferences?
What can investors expect from Odd Burger Corporation in the future?