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Odd Burger (TSXV:ODD) announces plans to open 36 new locations in Western Canada

Consumer, Sponsored, The Watchlist
TSXV:ODD
28 March 2022 12:30 (EDT)

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Odd Burger Corporation (ODD) has announced plans to open 36 new locations in Alberta and British Columbia over the next seven years.

Odd Burger and Sai-Ganesh Enterprises (SGE), a hospitality group specializing in franchising and commercial construction, have signed an area representative agreement that will bring three dozen Odd Burger locations to the western provinces over the next seven years. SGE will oversee franchise sales to individual owners, store construction, and support for franchisees in its territory.

In addition to supporting franchise growth, SGE plans on launching a corporate restaurant location in Western Canada that will be used for training new franchisees.

Odd Burger Co-Founder and CEO James McInnes sat down with Shoran Devi to discuss the news.

“One challenge in franchising is providing an ideal level of support and service to locations that are distant to our corporate headquarters, but partnering with Utsang and the SGE team of local experts has eliminated that concern entirely. Area development agreements are a logical way for us to grow and make an impact in new regions, so we’re eager to forge similar relationships with like-minded developers in Canda, the U.S. and internationally.”

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 line of plant-based protein and dairy alternatives under the brand Preposterous Foods to foodservice channels. 

Odd Burger Corporation (ODD) opened trading at C$0.45 per share.

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