LONDON,
ON, Oct. 31, 2024 /CNW/ - Odd Burger
Corporation ("Odd Burger" or the "Company") (TSXV: ODD)
(OTCQB: ODDAF) (FSE: IA9) is pleased to announce that its
retail product line is now available at Goodness Me! Natural Food
Market ("Goodness Me") locations across Ontario.
The listing adds 8 additional distribution points in
Ontario for the Odd Burger retail
line, including Goodness Me locations in Hamilton, Burlington, Waterloo, Guelph, Brantford, London, Barrie and Waterdown. Goodness Me
currently stocks 3 Odd Burger SKUs including its plant-based
Breakfast Sausage, Smash Burgers and Chickpea Burgers.
"Our customers have been absolutely loving the Odd Burger retail
line so far," says Evan Hall,
Category Manager for Goodness Me. "We are excited to keep
working and growing with the Odd Burger brand to bring innovative
and sustainable food to our community."
Goodness Me was established in 1981 and has a simple mission to
discover, educate and offer healthy living products to the
communities they serve.
Retail Line Growth
Odd Burger has seen significant growth of its retail line this
year, with total sales growing over 127% from January 2024 to September 2024. In
June 2024, Odd Burger launched its
retail line into Whole Foods Market Canada, where it continues to
see consistent demand. The Odd Burger retail line is
currently available at over 40 outlets, with many additional retail
distribution points in development.
"We have been meticulous with our retail expansion strategy,"
says James McInnes, CEO and
Co-Founder of Odd Burger. "We want to make sure that we have
the right products at the right price, before pushing our retail
expansion. I believe we may be at the point where the data is
telling us that we're ready."
Extension of Private Placement of Convertible
Debentures
The Company is also pleased to announce that it intends on
extending its previously announced private placement of convertible
debentures for an additional 30 days. The approval of the
extension will be subject to acceptance by the TSX Venture
Exchange.
About Odd Burger Corporation
Odd Burger Corporation is a franchised vegan fast-food
restaurant chain and food technology company that manufactures a
proprietary line of plant-based protein and dairy alternatives. Its
manufactured products are distributed to Odd Burger restaurant
locations through its foodservice line and also sold at grocery
retailers through its consumer-packaged goods (CPG) line. 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 that can be
enjoyed at its restaurant locations or at home though its CPG line.
Odd Burger Corporation is traded on the TSX Venture Exchange under
the symbol "ODD" and on the OTCQB under the symbol "ODDAF". For
more information visit https://www.oddburger.com.
Forward-Looking Information
This news release contains forward-looking information for
the purpose of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that reliance on such information may not be appropriate
for other purposes. Any such forward-looking information may be
identified by words such as "proposed", "expects", "intends",
"may", "will", and similar expressions. Forward looking information
contained or referred to in this news release includes statements
relating to future restaurant openings, potential franchisees,
demand for our products and other similar statements.
Forward-looking information is based on several factors and
assumptions which have been used to develop such information, but
which may prove to be incorrect including, but not limited to
material assumptions with respect to the continued strong demand
for the Company's products, the availability of sufficient
financing on reasonable terms to fund the Company's capital
requirements and the ability to obtain necessary equipment,
production inputs and labour. Although the Company believes that
the expectations reflected in such forward-looking information are
reasonable, undue reliance should not be placed on forwardlooking
information because the Company can give no assurance that such
expectations will prove to be correct. Risks and uncertainties that
could cause actual results, performance or achievements of the
Company to differ materially from those expressed or implied in
such forward-looking information include, among others, negative
cash flow and future financing requirements to sustain and grow
operations, limited history of operations and revenues and no
history of earnings or dividends, expansion of facilities,
competition, availability of raw materials, dependence on senior
management and key personnel, general business risk and liability,
regulation of the food industry, change in laws, regulations and
guidelines, compliance with laws, unfavourable publicity or
consumer perception, product liability and product recalls, risks
related to intellectual property, difficulties with forecasts,
management of growth and litigation, as well as the impact of,
uncertainties and risks associated with the ongoing COVID-19
pandemic, many of which are beyond the control of the Company. For
a more comprehensive discussion of the risks faced by the Company,
please refer to the Company's Annual Information Form filed with
Canadian securities regulatory authorities at www.sedar.com. The
forward-looking information in this news release reflects the
current expectations, assumptions and/or beliefs of the Company
based on information currently available. Any forward-looking
information speaks only as of the date on which it is made and,
except as may be required by applicable securities laws, the
Company disclaims any intent or obligation to update any
forward-looking information, whether as a result of new
information, future events or results or otherwise. The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement.
Non-GAAP Measures
This news release may refer to certain non-GAAP measures. These
measures are not recognized measures under IFRS, do not have a
standardized meaning prescribed by IFRS, and are therefore unlikely
to be comparable to similar measures presented by other companies.
Rather, these measures are provided as additional information to
complement those IFRS measures by providing further understanding
of our results of operations from management's perspective.
Accordingly, these measures should not be considered in isolation
nor as a substitute for analysis of our financial information
reported under IFRS. The TSX Venture Exchange has neither approved
nor disapproved the contents of this news release. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news
release
SOURCE Odd Burger Corporation