Odd Burger Continues Expansion In Ontario With New GTA Locations
Odd Burger Corporation (ODDAF) announced the completion of a new location in Whitby, ON, slated to open in late April. The new site is strategically located in a busy shopping hub. Additionally, construction has commenced on another location in Brampton, expected to be completed by Summer 2022. The company also plans to resubmit permits for a Toronto East location. Upon completion, Odd Burger will have nine operational stores, reflecting strong local demand and planned expansion across North America, utilizing efficient smart kitchen technology for enhanced service.
- Completion of the new Whitby location enhances Odd Burger's market presence.
- Expansion to Brampton demonstrates growth potential in the Greater Toronto Area.
- Strategic locations in high-traffic areas support future revenue growth.
- Delays in the Toronto East location due to structural issues may hinder growth timeline.
TORONTO, April 13, 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 announced new developments in its Eastern Canada locations in Ontario.
Construction is now complete at Odd Burger's new location in Whitby, ON. The North Whitby spot at 150 Taunton Road West takes advantage of a busy shopping hub anchored by Loblaws and Walmart, in a community with young demographic drivers. The grand opening is slated for late April, with specific dates to be announced on the Company's social media accounts.
Construction has also commenced at Odd Burger's Brampton, ON location at 9055 Airport Road, Building J Unit 7 and is expected to be completed by Summer 2022. The Brampton location is situated near major highways such as the 410, 407 and 427, as well as near big-box retailers, grocery stores, and gyms.
In additon, permits for the Odd Burger Toronto East location at 731 Broadview Avenue will soon be resubmitted, after the landlord has agreed to rectify structural difficiencies with the building.
Completion of these new locations will bring the chain's total number of operational stores to nine.
"These new locations are a great addition to the GTA and to continuing our presence in Southwestern Ontario," said James McInnes, Odd Burger co-founder and CEO. "As we begin expanding throughout North America to become a global brand, we are still seeing tremendous demand locally, and the potential for expansion into new communities here."
Odd Burger's new locations follow the successful model of compact footprints optimized for fast service, takeout and delivery, affordability, and simplified employee training. Odd Burger smart kitchens feature modern on-demand cooking technology, online ordering, self-checkout kiosks, and cashless transactions. For images of store interiors, menu items, and more please visit https://oddburger.com/pages/press-1.
Odd Burger creates, manufactures, and distributes its own proprietary plant-based proteins and dairy alternatives such as burgers, "ChickUn," sausage, and mac and cheese to make plant-based eating as affordable, mainstream, healthy, and satisfying as it gets.
Facebook: https://www.facebook.com/oddburgerfastfood
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LinkedIn: https://www.linkedin.com/company/oddburgerfastfood
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 under the brand Preposterous Foods to foodservice channels. 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.
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. 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: 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
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