LONDON,
ON, July 18, 2023 /CNW/ - Odd Burger
Corporation ("Odd Burger" or the "Company") (TSX: ODD) (OTCQB:
ODDAF) (FSE: IA9) is pleased to announce that it is launching a new
consumer packaged goods (CPG) line designed specifically for retail
sales channels including grocery, club and convenience.
The initial launch will feature 5 plant-based proteins including
Odd Burger's Crispy ChickUn Fillet, Beefy Smash Burger,
allergen-friendly Chickpea Burger, Breakfast Sausage and ChickUn
Pretenders. The retail products are expected to be available
starting September 2023 and will
initially be sold at Odd Burger restaurant locations and select
Canadian retailers.
"We are incredibly excited to launch our products for home use
and make our food even more accessible," says James McInnes, CEO and co-founder of Odd Burger.
"We believe that the growth potential for our retail line is
significant because customers already love our food and know our
brand."
The Company will be manufacturing the retail products through
its manufacturing subsidiary, Preposterous Foods, based out of
London, Ontario. Preposterous
Foods currently manufactures a food service line with 12
plant-based proteins and 8 plant-based sauces for the Odd Burger
restaurant chain. The Company has recently made its food service
line available to external institutions such as schools, hospitals,
retirement living and airlines and has hired A.S. Food Sales to
represent the Company across Canada.
Odd Burger will also be utilizing A.S. Food Sales to accelerate
the growth of its new retail product line and secure distribution
with various retailers.
"We are excited to bring the amazing Odd Burger product line to
the retail consumer. With their clean ingredients and easy to
prepare at home line up, we know the Canadian consumer will
gravitate towards this offering," says Andy
Strub, president of A.S. Food Sales. "More and more people
are looking for low processed foods made from wholesome ingredients
and Odd Burger's retail offering is ideal for the conscientious
consumer who cares about what they eat and prepare for their family
and guests."
Odd Burger is currently taking orders from retailers for a
September shipment date and encourages any retails to reach out to
A.S. Food sales for more information or to place an order:
About Odd Burger
Corporation
Odd Burger Corporation is a chain of company-owned and
franchised vegan fast-food restaurants as well as a food technology
company that manufactures and distributes a proprietary line of
plant-based protein and dairy alternatives to its locations. 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. 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 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.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