Odd Burger signs deal for 36 new vegan fast food restaurants in Alberta and British Columbia

TORONTO and SASKATOON, Sask., March 16, 2022 /CNW/ – Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9), one of the world’s first vegan fast food chains and the first to go public, today announced that it will open 36 new locations in the provinces of alberta and British Columbia.

Odd Burger Logo (CNW Group/Odd Burger Corporation)

Odd Burger and Sai-Ganesh Enterprises (SGE), a family-owned hotel group specializing in franchising and commercial construction, have signed a regional representation agreement that will bring three dozen Odd Burger locations to the western provinces over the next next seven years. SGE will oversee franchise sales to individual owners, store construction and franchise support in its territory. In addition to supporting franchise growth, SGE plans to launch a company restaurant in Western Canada which will be used to train new franchisees.

“SGE is always on the lookout for truly new and unique opportunities in fast food, and Odd Burger is one of the most exciting and modern concepts we’ve ever encountered,” said Utsang Desai, President of SGE. “As lifelong vegetarians, we have a passion for healthy eating and environmental stewardship, and Odd Burger also adds innovative technology that improves efficiency, profitability and customer experience.”

“One of the challenges of franchising is providing the ideal level of support and service to locations far from our head office, but partnering with Utsang and SGE’s team of local experts has eliminated that concern entirely,” said James McInnes, co-founder and CEO of Odd Burger. “Zone Development Agreements are a logical way for us to grow and have impact in new regions, so we look forward to forging similar relationships with like-minded developers in Canada, the United States and abroad.”

Odd Burger has begun its westward expansion with recently announced franchise deals in Calgary, Alta. and Victoria, BC. These two sites are in the site selection phase and will now be taken over by SGE.

Recently, Odd Burger announced loans of up to 90% of the cost of opening a new location through the Canada Small Business Financing Program (CSFP), administered by CIBC, to significantly reduce the need in initial capital. Loans of up to $350,000 through the government guaranteed program can be used for financing new stores, renovations, etc. Only Canadian franchisees are eligible for CIBC financing.

Strategic franchises are part of Odd Burger’s expansion plans across North America. Odd Burger has already Ontario locations in Toronto, London, Windsor, Vaughan, Waterlooand hamilton; in addition to Calgary and Victoriaa Ottawa franchise is currently in development as well as locations in Brampton and Whitby Ontario. Odd Burger also operates a manufacturing division called Preposterous Foods, located in London, Ontario where he creates his exclusive plant-based proteins and dairy alternatives such as dairy-free burgers, chicken fillets, sausages and sauces.

Those interested in Odd Burger franchise opportunities can visit https://oddburger.com/pages/franchise-what-we-offer.

About SGE
Sai-Ganesh Enterprises Ltd. (SGE) is a family hotel group specializing in franchising and commercial construction. SGE has built its reputation by researching and introducing new concepts to the fast food industry. SGE holds the master franchisor rights for BarBurrito in Saskatchewan and Area Developer Fees for Meltwich in the Provinces of British Columbia, Manitobaand the Atlantic provinces (New Brunswick, Newfoundland and Labrador, New Scotlandand Prince Edward Island). SGE is also playing an advisory role in the expansion of Fast Fired Pizza in Western Canada. In addition to revolutionizing the concept of fast food, the company is dedicated to empowering the local communities and local employees who make up the SGE family of franchises. A portion of SGE’s revenue is dedicated to charitable causes, and company directors Utsang Desai and his sister Khyati Desai are recipients of several awards for their philanthropy.

About Odd Burger Corporation
Odd Burger Corporation is a chain of company-owned and franchised vegan fast food restaurants and food technology company that manufactures and distributes a line of plant-based protein and dairy alternatives under the Preposterous Foods brand to restaurant chains . Odd Burger restaurants operate as smart kitchens, using cutting-edge cooking technology and automation solutions to deliver a delicious dining experience for customers seeking healthier, more sustainable fast food. With small store footprints optimized for delivery and takeout, advanced cooking technology, competitive pricing, a vertically integrated supply chain as well as healthier ingredients, Odd Burger is revolutionizing the fast food industry. by creating guilt-free fast food. Odd Burger Corporation is listed on the TSX Venture Exchange under the symbol ODD, on the OTCQB under ODDAF and on the Frankfurt Stock Exchange under IA9. For more information, visit https://www.oddburger.com.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements relating to, among other things, the Company’s strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “expect”, “intend”, “estimate” , “anticipate”, “believe”, “plan”, “goal” and “continue” and words and phrases of similar scope. Forward-looking information contained or referred to in this press release includes statements regarding, but is not limited to: the impact of the Development Agreement in the areas discussed; the expected future expansion of Odd Burger locations and the benefits the Company expects to derive therefrom; as well as the number of outlets to be opened and the Canada Small Business Financing Program discussed here. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain important factors or assumptions are applied to make forward-looking statements, and actual results may differ materially from those expressed or implied by such statements. Important factors that could cause actual results to differ materially from expectations include, but are not limited to: general business and economic conditions (including, but not limited to, currency exchange rates); changes in laws and regulations; legal and regulatory proceedings; and the ability to execute strategic plans. The Company undertakes no obligation to publicly update or revise any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.



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SOURCE Odd Burger Corporation



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