Odd Burger Announces Grand Opening of Calgary Location and Provides Update on Canadian Expansion

Rhea-AI Summary

Odd Burger Corporation (OTCQB: ODDAF) announced the Grand Opening of its first Western Canada location in Calgary, Alberta, on December 10. This marks a significant milestone for the vegan fast-food chain as it expands its footprint outside Ontario. The Calgary location, managed by franchisees Jay and Joanna Gandhi, features a 1,500-square-foot space with a large patio and ample parking. A recent opening in Brampton garnered significant attendance, and the company plans to open additional locations in Victoria, British Columbia, among others.

Positive

• Grand Opening of first Western Canada location in Calgary on December 10.
• Strategic expansion into Western Canada signifies growth potential.
• The Calgary location features a spacious layout, attracting customer interest.

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• None.

LONDON, ON, Dec. 7, 2022 /PRNewswire/ - Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9), one of the world's first vegan fast-food chains and the first to go public, today announces the Grand Opening of its first Western Canada location in Calgary, Alberta.

The Calgary Grand Opening event will take place at 1515 14^th Street SW on Saturday December 10^th from 12pm to 6pm. The event will include half-price Crispy ChickUn Burgers all day long, Odd Burger tote bags for the first 30 people in line and 25% of sales will be donated to the Animal Save Movement.  The Calgary Odd Burger is the first location set to open outside of Ontario and marks an important milestone for the company as it looks to expand its footprint across Canada and beyond.  Franchisees Jay and Joanna Gandhi will be opening one of the largest Odd Burger locations to date at nearly 1,500 square feet, featuring over 20 seats, a large patio space and ample free parking.

"We are beyond excited to open our first Western Canada location in Calgary this coming weekend," says James McInnes, CEO and Co-Founder of Odd Burger. "The anticipation is extraordinary and the upcoming expansion into Western Canada demonstrates Odd Burger's successful growth into distant geographic locations."

Recently, Odd Burger celebrated the Grand Opening of its Brampton, Ontario location on November 12^th.  The event was attended by hundreds of people and was one of Odd Burger's best attended events.  Franchisees Divneet Kaur and Jay Ahluwalia donated a portion of their Grand Opening Day sales to the Animal Save Movement in support of the Plant-Based Treaty – an initiative that puts food systems at the heart of combating the climate crisis. 

The Company is also pleased to announce that it has secured a location in Victoria, British Columbia and will be drafting permits for approval by the city.  The franchised location is set to open at 1700 Blanshard Street and is approximately 1,300 square feet with a large patio. 

For more information about starting a franchise with Odd Burger, applications can be submitted on the Company's website: https://oddburger.com/pages/franchise-apply

The table below provides a progress summary on previously announced locations:

Location	Status	Projected Opening
Edmonton, AB	Offer to lease submitted for location, awaiting landlord acceptance.	TBD
Oakville, ON	Location Secured. Drafting Permits.	Spring 2023
Ottawa, ON	Offer to lease submitted for location, awaiting landlord acceptance.	TBD
Oshawa, ON	Drafting Permits.	Spring 2023
Nanaimo, BC	Prospecting Locations.	TBD
Regina, SK	Offer to lease submitted for location, awaiting landlord acceptance.	TBD
Surrey / Burnaby, BC	Prospecting Locations.	TBD
Toronto, Broadview, ON	Landlord work complete, construction to resume after inspections passed.	Spring 2023
Vancouver, BC	Offer to lease submitted for location, awaiting landlord acceptance.	TBD
Victoria, BC	Location Secured. Drafting Permits.	Summer 2023

About Odd Burger Corporation

Odd Burger Corporation is a chain of company-owned and franchised vegan fast-food restaurants as well as a food technology company that manufactures and distributes a line of plant-based protein and dairy alternatives to foodservice channels under the brand Preposterous Foods. Odd Burger restaurants operate as smart kitchens, which use state-of-the art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. With small store footprints optimized for delivery and takeout, advanced cooking technology, competitive pricing, a vertically integrated supply chain along with healthier ingredients, Odd Burger is revolutionizing the fast-food industry by creating guilt-free fast food. Odd Burger Corporation is traded on the TSX Venture Exchange under the symbol ODD, on the OTCQB under ODDAF, and the Frankfurt Stock Exchange under IA9. For more information visit https://www.oddburger.com.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to among other things, the Company's strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" and words and expressions of similar import. Forward looking information contained or referred to in this news release includes statements relating but not limited to:, the impact of the development agreement in the areas discussed; the expected future expansion of Odd Burger locations and the number of franchises and the benefits the Company expects to derive therefrom; as well as the number of retail outlets to be opened and the Canada and Franchises in the United States discussed herein. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: financing risk, general business and economic conditions (including but not limited to currency rates); changes in laws and regulations; legal and regulatory proceedings; and the ability to execute strategic plans. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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SOURCE Odd Burger Corporation

FAQ

What is the significance of Odd Burger's Calgary location opening?

The Calgary location marks Odd Burger's first expansion into Western Canada, demonstrating growth potential for the brand.

When is the Grand Opening of Odd Burger in Calgary?

The Grand Opening is scheduled for December 10 from 12 pm to 6 pm.

What promotions are offered during the Calgary opening event?

The event includes half-price Crispy ChickUn Burgers and Odd Burger tote bags for the first 30 customers.

Is Odd Burger planning more locations in Canada?

Yes, Odd Burger has secured additional locations, including one in Victoria, British Columbia.