Odd Burger Launches US Franchise Operations, Indicators New Franchise Settlement in Nanaimo BC, and Provides Change on Canadian Locations
January 31, 2023
Printed: Oct. 5, 2022 at 6:30 AM CDT|Updated: 40 minutes previously
LONDON, ON, Oct. 5, 2022 /PRNewswire/ – Odd Burger Firm (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9), one in every of many world’s first vegan fast-food chains and the first to go public, in the meanwhile launched that it has launched its franchising operations in the USA.
Odd Burger has formed a Delaware firm that will perform the franchisor of, and that will perform, Odd Burger’s US franchise division (“Odd Burger US”). Odd Burger US has achieved the preparation of its preliminary Franchise Disclosure Doc and Franchise Settlement for use in the USA and intends to start out offering and selling franchises in 25 US States, along with: Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, District of Columbia, Idaho, Iowa, Kansas, Massachusetts, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Vermont, West Virginiaand Wyoming.
Odd Burger US moreover intends to start out the strategy of submitting its franchise offering with certain further US States the place filings are required to be achieved earlier to any gives or product sales, along with FloridaIndiana, Kentucky, Michigan, Nebraska, South Dakota, Texas, Utahand Wisconsin. The strategy is predicted to be achieved by the tip of November 2022.
“We could not be further excited to impress our US enlargement and delay our mannequin to hundreds and hundreds of people throughout the US market,” says James McInnes, Co-Founder and CEO of Odd Burger. “We now have already acquired a number of of inquiries from potential franchisees throughout the US and now we’ll begin the strategy of discovering the appropriate franchise companions to work with.”
Together with in quest of specific individual franchise companions, Odd Burger US is creating Area Advisor and Area Progress Functions, and can possible be in quest of house representatives and house builders for the US market to extra pace up its growth. In CanadaOdd Burger has signed Area Advisor Agreements for British Columbia, Alberta and Ontariothat will see over 76 locations developed for these territories over the next 8 years.
Odd Burger will also be pleased to announce that it has signed a Franchise Settlement for a location in Nanaimo BC, with franchisees Drihant Isamaliya and Kamalpreet Kamalpreet. The restaurant is predicted to open in 2023 as quickly because the franchisees uncover a location and full growth. The Nanaimo location marks the 11th Franchise Settlement signed in Canada. Furthermore, Odd Burger in the meanwhile operates 6 firm locations in Ontario.
Canadian Locations Change
The Agency will also be pleased to supply a progress summary of beforehand launched Canadian locations:
Location |
Standing |
Projected Opening |
Brampton, ON |
Growth full, pending remaining inspections |
Nov. 2022 |
Calgary, AB |
Beneath growth |
Dec. 2022 |
Edmonton, AB |
Present to lease submitted for location, pending landlord acceptance |
TBD |
Oakville, ON |
Location secured, drafting permits |
March 2023 |
Ottawa, ON |
Present to lease submitted for location, pending landlord acceptance |
TBD |
Regina, SK |
Location Protected |
Would possibly 2023 |
Surrey, BC |
Present to lease submitted for location, pending landlord acceptance |
TBD |
Toronto, Broadview, ON |
Landlord setting up deficiencies to be rectified by Nov. 2022. Growth to resume as quickly as full |
Spring 2023 |
Vancouver, BC |
Present to lease submitted for location, prepared landlord acceptance |
TBD |
Victoria, BC |
Location Protected |
TBD |
For further particulars about starting a franchise with Odd Burger throughout the US or in Canadafeatures will probably be submitted on the Agency’s website: https://oddburger.com/pages/franchise-apply
About Odd Burger Firm
Odd Burger Firm is a sequence of company-owned and franchised vegan fast-food consuming locations along with a meals experience agency that manufactures and distributes a line of plant-based protein and dairy alternate choices to foodservice channels under the mannequin Preposterous Meals. Odd Burger consuming locations perform as wise kitchens, which use state-of-the art work cooking experience and automation choices to ship a delicious meals experience to prospects craving extra wholesome and further sustainable fast meals. With small retailer footprints optimized for provide and takeout, superior cooking experience, aggressive pricing, a vertically built-in present chain along with extra wholesome substances, Odd Burger is revolutionizing the fast-food commerce by creating guilt-free fast meals. Odd Burger Firm is traded on the TSX Enterprise Alternate under the picture ODD, on the OTCQB under ODDAF, and the Frankfurt Stock Alternate under IA9. For further data go to https://www.oddburger.com.
Warning Regarding Forward-Wanting Knowledge
This press launch includes forward-looking statements that comprise a wide range of risks and uncertainties, along with statements that relate to amongst totally different points, the Agency’s strategies, intentions, plans, beliefs, expectations and estimates, and should sometimes be acknowledged by the use of phrases paying homage to “may”, “will”, “might”, “must”, “would”, “likely”, “anticipate”, “intend”, “estimate”, “anticipate”, “think about”, “plan”, “purpose” and “proceed” and phrases and expressions of comparable import. Forward wanting data contained or referred to on this info launch consists of statements relating nevertheless not restricted to:, the affect of the occasion settlement throughout the areas talked about; the anticipated future enlargement of Odd Burger locations and the number of franchises and the benefits the Agency expects to derive therefrom; along with the number of outlets to be opened and the Canada and Franchises in the USA talked about herein. Although the Agency believes that the expectations mirrored in such forward-looking statements are low cost, such statements comprise risks and uncertainties, and undue reliance should not be positioned on such statements. Positive supplies parts or assumptions are utilized in making forward-looking statements, and exact outcomes may differ materially from these expressed or implied in such statements. Important parts that might set off exact outcomes to fluctuate materially from expectations embrace nevertheless shouldn’t restricted to: financing risk, regular enterprise and monetary conditions (along with nevertheless not restricted to foreign exchange expenses); modifications in authorized pointers and guidelines; approved and regulatory proceedings; and the pliability to execute strategic plans. The Agency would not undertake any obligation to exchange publicly or to revise any of the forward-looking statements contained on this doc, whether or not or not due to new data, future events or in another case, in addition to as required by laws.
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SOURCE Odd Burger Firm
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