LONDON,
ON, Jan. 31, 2025 /CNW/ - Odd Burger
Corporation ("Odd Burger" or the "Company")
(TSXV: ODD) (OTCPK: ODDAF) (FSE: IA9) is pleased to
announce that it has launched plant-based pizza at all restaurant
locations in Canada, starting
January 31st,
2025.
The initial launch will feature 4 personal-sized 8-inch pizzas,
including Cheese, Pepperoni, Hawaiian and Plant-Meat Lovers.
The pizzas feature a hand-tossed pizza crust, providing customers
with a premium pizza experience. The pizzas are made to order
in only 1:30 seconds, utilizing Odd Burger's state of the art
cooking technology.
"We see tremendous potential with our pizza launch, and I
believe we are fulfilling an important need for affordable and
delicious plant-based alternatives," says James McInnes, CEO and Co-Founder of Odd Burger.
"The pizza market is a $160+ Billion/year industry and gaining
market share in this sector provides a unique opportunity for Odd
Burger."
The pizza launch will be a limited time offer, which will allow
the Company to assess the sales data and customer feedback to
optimize the product. The Company also plans on testing
additional alternative crust options including gluten-friendly and
low-carb pizza crusts if the initial launch is successful. Odd
Burger's pizza launch is part of a larger trend in QSR restaurant
chains launching personal-size pizzas onto the menu, and the
Company believes that providing more sustainable and allergy
friendly alternatives is a gap in the market that it can fill.
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 OTCPK 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 approval of the TSX Venture Exchange, 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 forward-looking
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.sedarplus.ca. 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
