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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.
Odd Burger Corporation (OTCQB: ODDAF) has signed a Letter of Intent (LOI) with Franchise Investment AG to develop up to 50 new restaurant locations over 8 years in Florida and the DACH region (Germany, Switzerland, Austria). The agreement includes the purchase of Area Development Rights for 25 locations in Florida and Master Franchise Rights for 25 locations in the DACH region. Franchise fees are set at $20,000 per unit, with royalties of 5% and an advertising fee of 2.5%. The LOI is non-binding and dependent on further agreements and conditions.
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.
Odd Burger Corporation (OTCQB: ODDAF) announced the launch of its U.S. franchising operations, aiming to expand in 25 states including Alabama, Arizona, and New Jersey. The company has established Odd Burger U.S. and prepared its Franchise Disclosure Document, with filings expected in nine additional states by November 2022. They have received substantial interest from potential franchisees. Additionally, a new Franchise Agreement has been signed for a location in Nanaimo, BC, marking their 11th franchise in Canada, alongside updates on other Canadian locations.
Odd Burger Corporation reported record revenue of $787,585 for Q3, representing a 205% year-over-year increase and a 23% rise from the previous quarter. The company also improved its net loss by 73% compared to Q3 last year and 6% from the previous quarter. Four new franchise agreements were signed, bringing the total to 18 locations. Odd Burger aims to expand further in Canada, the U.S., and internationally, enhancing its position in the vegan fast food market.
Odd Burger Corporation (TSXV: ODD, OTCQB: ODDAF) announced a record of four new Franchise Agreements in the past month, expanding its vegan fast-food chain across Canada. New locations in Surrey, Brampton, Oakville, and Regina will bolster its presence, with further plans for U.S. expansion. The launch of a mobile app on August 17, 2022, saw nearly 1000 downloads in 48 hours, featuring a loyalty program and referral incentives. Significant board updates include the appointment of Francois Arbour, adding expertise to the board. Odd Burger continues to innovate and grow in the vegan fast-food sector.
Odd Burger Corporation (OTCQB: ODDAF) has secured a 5.5-acre site in London, ON, for a new 50,000 sq. ft. food manufacturing facility, approved by City Council on July 5, 2022. The facility will support Odd Burger's plant-based protein production and is expandable to 150,000 sq. ft. It aims to create 50-100 jobs upon completion, which is expected within 1-2 years. This investment underlines Odd Burger's growth strategy, with the company planning to expand its franchise network across North America, currently holding 92 operational or planned locations.
Odd Burger Corporation (OTCQB: ODDAF) has signed a franchise agreement for a new location in Edmonton, Alberta, marking its first outlet in the city and the second in the province. Franchisees Jasmin and Maheshkumar Patel are currently selecting a site. Additionally, Odd Burger has been included in the VegTech™ ETF (NYSE: EATV), enhancing its visibility and investor base in the U.S. The company plans to open 36 additional locations in Alberta and British Columbia over the next seven years as part of its growth strategy.
Odd Burger Corporation (TSXV: ODD, OTCQB: ODDAF) has announced an agreement with Starke Investments to open 40 new vegan fast-food locations in Ontario over the next eight years. Starke Investments will manage franchise sales and support. This partnership enhances Odd Burger's expansion, following a similar agreement for 36 locations in Alberta and British Columbia. Currently, Odd Burger operates 92 locations across Canada and is also seeking U.S. area representatives. Financing options for franchisees include loans of up to $350,000 through the Canada Small Business Financing Program.
Odd Burger Corporation (OTCQB: ODDAF) announced a significant revenue increase of 148% year-over-year for Q2, ending March 31, 2022, totaling $641,508. The company also reported a 20% reduction in operating loss, reflecting its effective profitability strategies. A landmark franchise agreement for 36 locations in Alberta and British Columbia positions Odd Burger for growth, with 16 sites already in development or operational. The opening of a new location demonstrated strong market demand with record sales.
Odd Burger Corporation (TSXV: ODD, OTCQB: ODDAF) announced significant expansion efforts in Western Canada, including a franchise agreement for its first location in Vancouver. Franchisees are actively seeking site locations in Vancouver and Victoria, while Calgary's location has already secured a site with high foot traffic. Additionally, an area agreement has been signed to open 36 new locations across Alberta and British Columbia over seven years. The company's focus on innovative, sustainable, and affordable vegan fast food aims to redefine the fast-food landscape.
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