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Odd Burger (TSXV:ODD) announces four new franchise agreements

Consumer
TSXV:ODD
22 August 2022 14:38 (EDT)
Odd Burger - CEO, James McInnes.

Source: Odd Burger.

Odd Burger (ODD) has entered four new franchise agreements over the past month.

Locations include Surrey, B.C., Brampton, ON, Oakville, ON and Regina, SK.

The Surrey franchisees are seeking a location in South Surrey with plans to open in 2023. Two other locations are slated to open in Victoria and Vancouver pursuant to previous agreements.

Construction of the Brampton restaurant (9055 Airport Road) is nearing completion with a grand opening planned for next month. The franchise will be the eighth Odd Burger location operational in Ontario.

The Oakville restaurant will open at Dorval Crossing West. Permitting and construction will begin as soon as possible.

The Regina restaurant, Odd Burger’s first in Saskatchewan, will be one of the first vegan fast-food chains to operate in the province.

The company has signed ten franchise agreements to date in addition to its seven operating locations in Ontario. It plans to open over 76 locations over the next eight years across Ontario, Alberta and B.C. It has also established a Delaware-based franchisor corporation for imminent U.S. expansion.

Odd Burger recently launched a mobile app developed with Smooth Commerce to optimize its growth. The app features a loyalty program, a referral program and a seamless ordering experience.

“We are seeing a rapid acceleration of our franchising operations all across Canada,” said James McInnes, Co-Founder and CEO of Odd Burger. “The strategic partnerships with our area representatives are proving to be extremely effective as they have brought in incredibly passionate franchisees that believe in our mission and will help make Odd Burger the world leader in vegan fast food.”

Odd Burger is a franchised vegan fast-food restaurant.

Odd Burger (ODD) is up by 10.39 per cent trading at $0.425 per share as of 2:25 pm EST.


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