Odd Burger

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A photo of a Odd Burger restaurant

© Odd Burger
Investments & Finance

Odd Burger Opens $4M Round to Fuel Vegan Fast Food Expansion Following Strong Q3 Results

Odd Burger Corporation, the company behind the vegan fast food chain Odd Burger, has announced a non-brokered private placement to raise up to $4 million via convertible debentures. As explained in the announcement, the debentures have a 36-month maturity and carry a 15% annual interest rate. Additionally, they can be converted into common shares at $0.25 each and may be forcibly converted if share prices increase significantly. Odd Burger is a franchised vegan fast-food chain with a vertically integrated supply chain and 17 operational stores across Canada. The first Odd Burger restaurant opened in London, Ontario, in December 2016, becoming the country’s first vegan-fast food restaurant. Today, the firm focuses on smart kitchens, advanced cooking technology, competitive pricing, and high-quality ingredients to offer healthier options …

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Odd Burger Corporation-Odd Burger Set to Open Record Number of locations

Famous Burger by Odd Burger (CNW Group/Odd Burger Corporation)
Company News

Odd Burger Announces Opening of 3 New Canadian Restaurants Bringing Total to 16 Locations

Vegan fast food chain Odd Burger reveals it is poised to enhance its market presence with the upcoming launch of three new restaurant locations within the next month. Additionally, the company announces it has signed a consulting agreement with Ahimsa Foundation, one of the most prominent investors in the vegan industry, notably including a recent investment of USD $16 Million in JUST Egg. As part of the consulting agreement, Odd Burger will issue Ahimsa Foundation 1,500,000 stock options at a price of $0.15. This latest expansion marks the largest number of openings the company has achieved in a single month, elevating the total to 16 operational sites. The initial opening will take place at 336A Mayfield Common Northwest in Edmonton, anticipated around May 11th, representing …

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Slutty Vegan burgers and fries

© Slutty Vegan
Fast Food

The 7 Fastest Growing Vegan Fast Food Chains (North America)

Once a rare novelty, vegan fast food chains are increasingly becoming a mainstream trend across the US and Canada. As the number of vegan fast food brands grows, so does their ambition to redefine the global fast food industry with 100% plant-based cuisine. From simple beginnings, many of the companies on this list have since embarked on bold expansion plans to bring more sustainable and healthy comfort food to the masses. In no particular order, here are seven brands aiming to outdo McDonald’s. 1. Plant Power Fast Food Current locations: 12  Founded in 2016, Plant Power has consistently expanded its brand – which serves plant-based versions of classic burgers, fries and shakes – across Southern California and into Nevada. Its stunning Las Vegas restaurant features …

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Odd Burger Plant-Based Big Mac

Famous Burger ©CNW Group/Odd Burger Corporation
Fast Food

Odd Burger Takes First Step into US Market, Signs Deal for 20 Locations in Washington State

Canada’s Odd Burger (TSX: ODD) announces it has signed its first US Area Representative Agreement for the development of 20 locations in Washington State over the next eight years. According to Odd Burger, the agreement marks a significant milestone as it seeks to expand its presence beyond Canada and become established in the US market. Odd Burger seeks to grow exclusively through a territory development strategy, where it sells franchise development rights of each state to Area Representatives who are familiar with the local market and can assist with growth. Area Representatives also secure franchise partners, assist with site selection, construction, and provide ongoing operational support for franchisees.  The company is currently seeking territory developers in 28 states. Multiple expansion plans In the last year, …

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Odd Burger

©Odd Burger Corp.

Company News

Odd Burger Terminates Letter of Intent With Zoglo’s Food Corp

At the end of April 2023, Canada’s vegan fast food chain Odd Burger Corporation announced an LoI with plant-based food company Zoglo’s Food Corp whereby Odd Burger was to acquire 100% of its issued and outstanding common shares and combine the businesses. Odd Burger today states that this non-binding letter of intent has been terminated in accordance with its terms. “The company continues to pursue other business opportunities and wishes Zoglo’s success in their future operations and business objectives,” says the press release. Amid an ongoing list of announcements, this March the company appointed Marc Goodman, Vice President and General Manager at 7-Eleven Canada Inc, to its Board of Directors. Furthermore, the company today posted financial results for its second quarter, ending March 31, 2023. …

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Odd Burger fries

©Odd Burger

Investments & Acquisitions

Canada: Odd Burger Continues Growth With Plans to Acquire Zoglo’s Food Corp

Odd Burger Corporation recently signed a non-binding LoI with Zoglo’s Food Corp, a private plant-based food company operational for 25 years with a retail footprint of over 700 locations, to acquire 100% of its issued and outstanding common shares and combine the businesses. Odd Burger is poised to gain access to Zoglo’s’ food manufacturing network in both North America and Europe, which will bring benefits as it scales international operations. In December 2022, the Canadian vegan fast food chain announced plans to develop up to 50 new locations in the state of Florida and in the DACH region of Germany, Switzerland and Austria. Zoglos products are largely available in ethnic and kosher sections of supermarkets and can also be found in the US and Europe. …

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Company News

Odd Burger Enters LOI for 50 Vegan Fast Food Locations Across Florida & Europe

In the latest of Odd Burger‘s steady stream of expansion announcements, the Canadian chain today announces it has entered into a Letter of Intent to develop up to 50 new vegan fast food locations in the state of Florida and in the DACH region of Germany, Switzerland and Austria. Odd has entered the LOI with the Franchise Investment AG and its parent VC division, Angelpreneur AG, a Swiss-based franchise and investment firm. Over the past two years, Odd Burger, the first vegan fast food chain to go public, has released a consistent stream of announcements regarding expansion plans across Canada and the USA. These newly announced locations encompass 25 locations in the State of Florida and the Master Franchise Rights for 25 locations in DACH, …

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Odd Burger founders

© Odd Burger

Company News

Canada’s Odd Burger Announces Odd Burger U.S, Intends to Franchise Across 25 US States

Odd Burger, the first vegan fast food chain to go public, announces the launch of its franchising operations in the United States. The Canadian vegan fast food chain has formed a Delaware corporation that will serve as the franchisor of, and that will operate as Odd Burger U.S, with the intention of selling franchises in 25 states, including: Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, District of Columbia, Idaho, Iowa, Kansas, Massachusetts, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Vermont, West Virginia, and Wyoming. The news comes shortly after the chain announced plans to bring 40 new Odd Burger locations to Ontario over the next eight years. In July this year, the corporation also revealed it had acquired …

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Elysabeth Alfano

©Elysabeth Alfano
Company News

Plant-Based Leader Elysabeth Alfano Joins All Y’alls Foods as New Advisor

All Y’alls Foods, a vegan jerky brand, announces plant-based business expert Elysabeth Alfano has joined the company’s Advisory Board. In her new role, Alfano will help support the brand through scaling and expansion.  Based in Texas, All Y’alls produces a best-selling line of meatless jerky and snacks including It’s Jerky Y’all and Big Crunchy Bacony Bits. In March, the brand reported its sales had doubled in the previous six months, and its bacony bits became the top-selling meat-free bacon on Amazon.  Plant-based maven Elysabeth Alfano is an investor, consultant and host of the popular Plant-Based Business Hour talk show. In January, Alfano and investor Sasha Goodman launched the VegTech Invest advisory and the VegTech ETF (NYSE: EATV), an actively managed fund that includes 37 publicly-traded …

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Odd Burger Vegan Fast Food

©Odd Burger
Company News

Odd Burger Signs Agreement For 40 New Ontario Locations

Odd Burger, one of the world’s first vegan fast-food chains and the first to go public, announced this week that it has signed an agreement with Starke Investments to bring 40 new Odd Burger locations to Ontario over the next eight years. Odd Burger currently has operational locations in Toronto, London, Windsor, Vaughan, Waterloo, Hamilton and Whitby, with additional franchise locations in development including Calgary, Ottawa, Victoria and Vancouver. The chain is also seeking area representatives in the US market as it prepares to launch its first locations outside of Canada.  “Partnering with Starke Investments will allow Odd Burger to continue its rapid expansion across North America, while still providing an incredible level of service to our local franchisees in Ontario,” said James McInnes, Odd …

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Odd Burger Vegan Fast Food

©Odd Burger
Company News

Canada’s Odd Burger Announces Huge Expansion With 36 New Locations

Canada’s Odd Burger, the first vegan fast-food chain to become publicly listed, announces today it is to open an impressive 36 new locations throughout Alberta and British Columbia as the company continues to see success. The news comes just weeks after the fast-growing chain announced the launch of Preposterous Foods, a new range of proprietary plant-based proteins and dairy alternatives such as burgers, chickUn fillets, sausage, and dairy-free sauces, which will be distributed exclusively through Sysco, the world’s largest foodservice company.  Odd Burger currently operates six locations and there are an additional eleven in planning and construction stages, including Calgary and Victoria franchises. Expansion planned through 2030 Odd Burger has signed an area representative agreement with Sai-Ganesh Enterprises (SGE), a hospitality group specializing in franchising …

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Preposterous Foods/ Odd Burger

©Preposterous Foods
Gastronomy & Food Service

Odd Burger Launches Preposterous Foods in Partnership with Sysco

Canadian fast food chain Odd Burger announces the launch of Preposterous Foods, a new range of plant-based meat and dairy products. The company says the new line will be distributed exclusively through Sysco, the world’s largest foodservice company.  Featuring minimally processed foods made from ingredients like chickpeas, oats and wheat gluten, the Preposterous line will initially offer 10 plant-based items: meatless wings, beefy ground meat, gyro meat, breakfast sausage, and a crispy chicken burger. The dairy-free products include ranch dressing, vegan honey mustard sauce, tzatziki sauce, eggless mayo, and dairy-free cheese sauce.  Sysco currently serves more than 600,000 institutional clients across restaurants, healthcare, education and lodging/hospitality facilities. Parent company Odd Burger says the partnership will provide Preposterous Foods with more than 330 global distribution locations. Founded …

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Odd Burger founders

© Odd Burger

Stock market

Odd Burger Enters European Market, Now Trading On Frankfurt Stock Exchange

Odd Burger, the first vegan fast-food chain to go public, today announces it has entered the Frankfurt Stock Exchange to begin trade in the European market, and that it has received eligibility from the Depository Trust Company (DTC), enabling its stock to be more easily purchased by US investors. The Toronto-based company has begun trade under the symbol IA9 on the Frankfurt Stock Exchange, the twelfth largest stock exchange in the world by market capitalization, and the largest in Germany. In addition, Odd Burger has changed its U.S. ticker symbol on the OTCQB to ODDAF.   Odd Burger currently operates six locations, plus four in development, with plans to have 20 restaurants operational by this time next year throughout the US and Canada. Previously known …

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©Odd Burger

Company News

Canada’s Odd Burger Announces Record Sales in October With 41% Growth in One Month

Odd Burger Corporation, the publicly listed Canadian plant-based fast-food chain which rebranded from its previous name Globally Local this July, announces record systemwide sales in October of more than $233,000, a 41% increase over the previous month. The chain operates five locations, opened a sixth on October 27th, and announced two new locations for 2022, as well as expansion into western Canada and into the US with a flagship restaurant in Manhattan. The company reports that its new restaurants have received an average Google review rating of 4.875 stars and that it expects to have 20 restaurants operational by this time next year. Speaking to vegconomist this September, Co-founder James McInnes said, “The fast-food industry is one of the largest sectors of the food industry. …

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Odd Burger founders

© Odd Burger

Interviews

Odd Burger: “We See Ourselves as a Massive Player in the Fast-Food Space With Hundreds of Locations Around the World”

Hailing from Canada and recently rebranded from Globally Local, Odd Burger can hold the claim of being one of the world’s first vegan fast-food chains and the first to go public. With its fresh new look and expansive plans for the future, Odd Burger is a fast-food brand that always has one eye on the bigger picture. Vegconomist got together with Co-Founder and CEO James McInnes to talk food tech, franchising, and the vegan fast-food future. First of all, could you explain the process behind your recent rebranding to Odd Burger? The process took over a year to develop and roll out, and included trademark registrations, domain name registrations, social media handle changes, as well as all-new packaging, store design and signage. It’s a daunting …

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Odd Burger

©Odd Burger Corp.

Company News

Canada: First Publicly Listed Vegan Fast-Food Chain Globally Local Becomes Odd Burger in Major Rebrand

Globally Local Technologies, the parent company of one of the world’s first vegan fast-food chains and the first to go public, has announced a major rebrand as Odd Burger Corporation. As well as the parent company, its restaurant chain will also adopt the name and image, rebranding as Odd Burger.  “We are proud to be doing things differently and reclaiming the notion of odd” Currently operating a manufacturing facility and two restaurants in Canada, the newly named Odd Burger will open a further 20 outlets across North America in the next year including the US. After recently making its debut on the Toronto Stock Exchange’s Venture Exchange, the company has applied for a ticker symbol change and expects to trade under “ODD” on approximately July …

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