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 pioneering force in plant-based food innovation, combining sustainable practices with consumer-focused product development. This news hub provides investors and industry observers with essential updates about the company's financial milestones, operational expansions, and market leadership in ethical food production.
Access official announcements including quarterly earnings reports, new product launches, and partnership agreements. Our curated collection helps stakeholders monitor strategic initiatives ranging from supply chain improvements to retail expansion plans. All content is sourced from verified corporate communications to ensure reliability.
Key areas of coverage include sustainability progress updates, menu innovations, and financial performance metrics. Bookmark this page for streamlined access to Odd Burger's evolving story in the competitive plant-based sector. Check back regularly for timely updates that matter to both financial stakeholders and conscious consumers.
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.
Odd Burger Corporation (TSXV: ODD, OTCQB: ODDAF) announced plans to open 36 new vegan fast-food locations in Alberta and British Columbia over the next seven years, in partnership with Sai-Ganesh Enterprises (SGE). SGE will handle franchise sales, construction, and support. The expansion follows prior franchise agreements in Calgary and Victoria. The company also revealed financing options through the Canada Small Business Financing Program, offering loans up to $350,000 to eligible Canadian franchisees. This is part of Odd Burger's broader North American growth strategy.
Odd Burger Corporation (OTCQB: ODDAF) reported record financial results for Q1 ending December 31, 2021. Revenue reached $687,156, marking a 79% increase from the prior quarter and 156% year-over-year growth. Despite this growth, the company faced a net loss of $1,208,632 for the quarter. CEO James McInnes highlighted the expansion into six cities and the potential of the new revenue stream from Preposterous Foods. The company's focus on franchising aims to enhance growth with minimal capital investment.
Odd Burger Corporation (TSXV: ODD; OTCQB: ODDAF) has announced the launch of its vegan product line, Preposterous Foods, aimed at offering minimally processed plant-based options. The initial range includes 10 products like chickUN burgers and dairy-free sauces, leveraging Sysco's extensive distribution network, which boasts over 330 facilities worldwide. Odd Burger operates six fast-food locations with plans for 20 by next year. The company emphasizes innovative manufacturing capabilities, certified for food safety, to expand its market reach.
Odd Burger Corporation (ODDAF, ODD) announced its financial results for FY 2021, highlighting a 50% revenue increase from Q3 to Q4 and an 86% year-over-year growth for Q4. CEO James McInnes emphasized the company’s rapid scaling with 16 operational or under-development locations. Despite achieving a 9.4% increase in food sales, the net loss for FY 2021 was $5.17 million, a significant rise from $2.78 million in FY 2020. The company also plans to expand through franchising, aiming for 20 restaurants by 2022.
Odd Burger Corporation (TSXV: ODD, OTCQB: ODDAF) announced the refiling of its Amended Management's Discussion and Analysis for the interim period ending June 30, 2021. The amendments are made to enhance compliance with National Instrument 51-102, following a review by the Ontario Securities Commission. Key updates include revised forward-looking information, project status updates, capital resource disclosures, and financial results. No changes were made to the financial statements for the periods mentioned. The complete Amended MD&A is available on SEDAR.
Odd Burger Corporation (TSXV: ODD; OTCQB: ODDAF) has signed a franchise agreement for its first location in Victoria, British Columbia, marking a significant step in its expansion across Canada. Franchisees John Bowker and Luke Ceraldi are actively seeking a site, with the restaurant expected to open within three months after obtaining necessary permits. Odd Burger aims to revolutionize fast food with its plant-based offerings and advanced smart kitchen technology. Additionally, the company has appointed Michael Fricker to its Board of Directors and issued stock options priced at $0.75.
Odd Burger Corporation has announced significant financing options for eligible franchisees, offering up to $350,000 through the Canada Small Business Financing Program (CSBFP), administered by CIBC. This initiative allows franchisees to cover up to 90% of the costs related to opening a new location, significantly reducing initial capital requirements. Franchisees will benefit from no interest for the first six months and additional support for location and training. Odd Burger aims to expand from six current locations to 20 by next year.
Odd Burger Corporation (OTCQB: ODDAF) has signed a franchise agreement for its first location in Ottawa, Canada, marking an important step in its national expansion plans. Franchisees Charlotte Dietz and Leo Grant are looking for a site to introduce Odd Burger's affordable vegan fast food. The new location is expected to open within three months post-site selection and permit approvals. Odd Burger aims to replicate its successful model from other cities, utilizing modern cooking technology and a compact design for quick service and delivery.
Odd Burger Corporation (TSXV: ODD, OTCQB: ODDAF) announced it has received eligibility from the DTC, enhancing stock accessibility for U.S. investors. Additionally, Odd Burger is now trading on the Frankfurt Stock Exchange (symbol IA9), expanding its reach to European investors. The company aims to maintain independence from large food conglomerates while planning to expand to 20 locations in the U.S. and Canada by next year. Odd Burger operates six locations and has developed a proprietary plant-based product line, reinforcing its commitment to revolutionizing the fast-food industry.
