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Odd Burger Launches Mobile Food Operations at Calgary Stampede

Odd Burger Launches Mobile Food Operations at Calgary Stampede

LONDON, ON, July 9, 2024 /CNW/ – Odd Burger Corporation (“Odd Burger” or the “Company”) (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) is pleased to announce that it has launched its mobile food business with its first major event currently underway at the Calgary Stampede (the “Stampede”), which runs until 14th of Julye2024. The mobile operations include food trailers and food trucks specifically designed for high-output events such as festivals, concerts and catering events.

The company can now offer mobile franchise operations in addition to its physical locations. Mobile units offer the ability to serve non-traditional locations and can support physical locations by increasing awareness and promotion of the Odd Burger brand.

“Getting people to try plant-based foods is an extremely important part of our marketing and growth strategy,” says James McInnesCEO and Co-Founder of Odd Burger. “We started Odd Burger in the festival business at Ribfest London in 2016, where we sold out our Famous Burger. We’ve changed the hearts and minds of thousands of people who would otherwise never get the chance to see how delicious plant-based food can be.”

“We’re just blown away by the response we’ve had to the Stampede so far,” says Lucas Ceraldi, Calgary Franchisee and President of 1st Group Holdings Ltd. “Sales have been exceptionally strong to date, with over 1,200 orders in our first three days and sales of over $23,000 in revenue for our franchise. We are excited to see what the coming week brings us at Stampede and look forward to making Stampede a more inclusive event for everyone.”

The company is also pleased to announce that a second mobile unit is currently under construction and will be put into service. British Columbia before the end of summer.

About Odd Burger Corporation

Odd Burger Corporation is a franchised vegan fast food restaurant chain and a food technology company that produces its own line of plant-based protein and dairy alternatives. The manufactured products are distributed to Odd Burger restaurant locations through the foodservice line and also sold at grocery stores through the consumer packaged goods (CPG) line. Odd Burger restaurants operate as smart kitchens, utilizing state-of-the-art cooking technology and automation solutions to deliver a delicious dining experience to customers craving healthier, more sustainable fast food. With small store footprints optimized for delivery and pickup, advanced cooking technology, competitive pricing, a vertically integrated supply chain, and healthier ingredients, Odd Burger is revolutionizing the fast food industry by creating guilt-free fast food that can be enjoyed in-restaurant or at home through its CPG line. Odd Burger Corporation trades 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 press release contains forward-looking information for the purpose of providing information about management’s current expectations and plans regarding the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Such forward-looking information may be identified by words such as “proposed,” “expected,” “plans,” “may,” “will” and similar expressions. Forward-looking information included or referred to in this press release includes statements regarding future restaurant openings, potential franchisees, demand for our products and other similar statements. Forward-looking information is based on various factors and assumptions that have been used to develop such information, but which may prove to be incorrect, including, but not limited to, material assumptions regarding 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 resources and labor. 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 the Company’s actual results, performance or achievements to differ materially from those expressed or implied in such forward-looking information include, among other things, negative cash flow and future financing requirements to support and grow the business, 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, changes in laws, regulations and guidelines, compliance with laws, adverse publicity or consumer perception, product liability and product recalls, intellectual property risks, difficulties with forecasting, 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 Company’s control. For a more detailed discussion of the risks faced by the Company, please refer to the Company’s annual information form filed with the Canadian securities regulatory authorities at www.sedar.com. The forward-looking information contained in this press release reflects the Company’s current expectations, assumptions and/or beliefs based on currently available information. Any forward-looking information speaks only as of the date on which it is made and, except as required by applicable securities laws, the Company disclaims any intention 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 press release is expressly qualified by this cautionary statement.

Non-GAAP Measures

This press 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 therefore are not likely to be comparable to similar measures presented by other companies. Instead, these measures are provided as supplementary information to supplement those IFRS measures by providing further insight into our operating results from management’s perspective. Accordingly, these measures should not be considered in isolation or 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 press 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 press release.

SOURCE Odd Burger Corporation

For investor inquiries, please contact Odd Burger investor relations at: (email protected)