Odd Burger Signs Agreement for 40 New Vegan Fast-Food Restaurants in Ontario

Printed: Jun. 9, 2022 at 7:30 AM EDT|Up to date: 12 several hours back

TORONTO, June 9, 2022 /PRNewswire/ – Odd Burger Company (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9), one of the world’s first vegan rapidly-food stuff chains and the initial to go public, declared these days that it has signed an arrangement with a celebration to open 40 new locations in Ontario.

Odd Burger and Starke Investments, a firm specializing in real estate and franchise progress, have signed an place representative agreement that will deliver forty Odd Burger places to the province in excess of the next eight a long time. Starke Investments will oversee franchise product sales to person entrepreneurs, keep design, and offer help for franchises in its territory.

“Starke Investments is usually searching for opportunities to placement by itself as a chief in sustainability and innovation and Odd Burger is with no a question disrupting an market wherever adjust is so desperately essential,” reported Prashant Dalal, Founder and CEO of Starke Investments. “We see incredible probable with Odd Burger because they make plant-based food items that appeals to the mass sector by presenting a menu produced with simple ingredients, remarkable flavour, and at a aggressive selling price place – this is not something that we have witnessed with any other plant-primarily based cafe model.”

“Partnering with Starke Investments will allow Odd Burger to keep on its swift expansion across North America, while even now supplying an amazing degree of support to our regional franchisees in Ontario,” reported James McInnes, Odd Burger Co-Founder and CEO. “Starke Investments also delivers great market know-how to Odd Burger, as very well as a beneficial network of landlord associations and prospective franchisees.”

Place representative agreements are a strategic approach for enlargement as the agreements outline a annually growth quota which supplies Odd Burger with a clear progress trajectory in each individual territory. In March 2022, Odd Burger signed an space agent arrangement with Sai-Ganesh Enterprises to convey 36 places to Alberta and British Columbia more than the future 7 many years. In total, Odd Burger now has 92 locations operational or beneath location development agreements in Canada, building it just one of the swiftest escalating vegan rapid-foodstuff chains in the state.

Odd Burger at the moment has operational places in Toronto, London, Windsor, Vaughan, Waterloo, Hamilton and Whitby, with numerous supplemental franchise spots underneath improvement which include Calgary, Ottawa, Victoria and Vancouver. Currently, Odd Burger is looking for location reps in the U.S. market as it prepares to launch its very first established of spots outside the house of Canada.

Odd Burger also operates a manufacturing division known as Preposterous Foods, located in London, Ontario, where by it produces its proprietary plant-based proteins and dairy alternatives these kinds of as burgers, ChickUn fillets, sausage, and dairy-no cost sauces.

Not too long ago Odd Burger announced loans of up to 90 % of the price tag of opening a new location through the Canada Smaller Business Financing Method (CSBFP), administered by CIBC, to significantly reduce up-entrance cash demands. Financial loans of up to $350,000 as a result of the authorities-certain plan can be used for new keep financing, renovations, and far more. Only Canadian franchisees are qualified for CIBC funding.

Those fascinated in Odd Burger franchising chances can visit https://oddburger.com/webpages/franchise-what-we-offer you.

About Starke Investments
Starke Investments is a Toronto-centered financial investment company focussed on franchise and real estate enhancement.  Its ideas convey a long time of experience in brokerage, construction, franchising and business growth.  Starke Investments has practical experience operating as both a franchisor and franchisee, mostly in the health-related area and speedy assistance foods room.  Starke Investments is led by Prashant Dalal, an optician and skilled true estate trader who has a passion for vegetarian food.  The most important concentration of Starke Investments is investing in revolutionary and sustainable companies that make a optimistic effects on the world.

About Odd Burger Company
Odd Burger Company is a chain of firm-owned and franchised vegan rapidly-food dining places as well as a foods know-how organization that manufactures and distributes a line of plant-centered protein and dairy alternatives under the model Preposterous Foods to foodservice channels. Odd Burger dining establishments operate as wise kitchens, which use state-of-the art cooking technological know-how and automation alternatives to provide a scrumptious meals expertise to buyers craving more healthy and more sustainable rapidly meals. With compact retailer footprints optimized for shipping and takeout, state-of-the-art cooking know-how, competitive pricing, a vertically built-in provide chain together with more healthy components, Odd Burger is revolutionizing the fast-foodstuff sector by creating guilt-cost-free rapidly food items. Odd Burger Company is traded on the TSX Undertaking Exchange less than the symbol ODD, on the OTCQB under ODDAF, and the Frankfurt Stock Exchange underneath IA9. For more information go to https://www.oddburger.com.

Caution About Ahead-Hunting Details

This push release includes ahead-searching statements that entail a quantity of hazards and uncertainties, which include statements that relate to among other factors, the Company’s techniques, intentions, designs, beliefs, anticipations and estimates, and can commonly be determined by the use of terms this kind of as “could”, “will”, “could”, “should really”, “would”, “possible”, “hope”, “intend”, “estimate”, “anticipate”, “feel”, “program”, “aim” and “keep on” and words and expressions of similar import. Forward hunting facts contained or referred to in this information release incorporates statements relating but not constrained to: the influence of the growth agreements in the locations discussed the predicted upcoming expansion of Odd Burger areas and the positive aspects the Organization expects to derive therefrom as well as the variety of retail outlets to be opened and the Canada Smaller Enterprise Financing Software ‎discussed herein.  Despite the fact that the Organization believes that the anticipations reflected in these ahead-looking statements are fair, this kind of statements include risks and uncertainties, and undue reliance must not be placed on this sort of statements. Certain product factors or assumptions are utilized in earning ahead-hunting statements, and real final results may well differ materially from people expressed or implied in these statements. Crucial aspects that could result in true benefits to vary materially from anticipations incorporate but are not confined to: normal business enterprise and financial situations (such as but not confined to currency costs) variations in laws and laws legal and regulatory proceedings and the means to execute strategic strategies. The Organization does not undertake any obligation to update publicly or to revise any of the forward-on the lookout statements contained in this doc, irrespective of whether as a result of new information, long term gatherings or if not, apart from as necessary by legislation.

Neither the TSX Undertaking Trade nor its Regulation Companies Service provider (as that expression is outlined in ‎‎the ‎‎‎policies of the Trade) accepts obligation for the adequacy or precision of this press ‎‎release.‎

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