- Odd Burger Corp. (TSXV:ODD) has signed an Area Representative Agreement to develop of 20 locations in Washington state
- The development will take eight years and the agreement was signed with 5th Group Holdings Ltd., a commercial construction and franchise development company based out of British Columbia
- Odd Burger is growing exclusively through a territory development strategy in the U.S.
- Odd Burger Corp. (ODD) opened trading at $0.17 per share
Odd Burger Corp. (TSXV:ODD) has signed an Area Representative Agreement to develop 20 locations in Washington state.
The development will take eight years and the agreement was signed with 5th Group Holdings Ltd., a commercial construction and franchise development company based out of British Columbia.
Odd Burger seeks to gain a foothold in the U.S. market and expand its presence outside of Canada.
The company’s CEO and co-founder, James McInnes, said in a news release that the U.S. market had always been the team’s primary expansion target and they are now ready to open its first set of U.S. locations.
“The opportunity for Odd Burger is tremendous in the U.S., and we are fortunate to work with the talented team at 5th Group Holdings Ltd,” McInnes said.
Odd Burger is growing exclusively through a territory development strategy in the United States, where the company sells the franchise development rights of each state to area representatives who know the local market and can assist with growth in those regions.
The company is currently seeking territory developers in the following U.S. states: Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, District of Columbia, Florida, Idaho, Iowa, Kansas, Massachusetts, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Utah, Vermont, West Virginia and Wyoming.
Odd Burger is a franchised vegan fast-food restaurant.
Odd Burger Corp. (ODD) opened trading at $0.17 per share.
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