Business
Odd Burger Halts U.S. Expansion Plans
Odd Burger Corporation ("Odd Burger" or the "Company") (TSXV: ODD) (OTCPK: ODDAF) (FSE: IA9), a leading vegan fast-food restaurant chain and food technology company, announces that its U.S. expansion plans are being halted amid escalating political tensions between Canada and the U.S.
About this update from Odd Burger Corporation
[{"type":"text","content":"LONDON, ON, March 24, 2025 /CNW/ - Odd Burger Corporation ("Odd Burger" or the "Company") (TSXV: ODD) (OTCPK: ODDAF) (FSE: IA9), a leading vegan fast-food restaurant chain and food technology company, announces that its U.S. expansion plans are being halted amid escalating political tensions between Canada and the U.S.","length":345,"tagName":"p"},{"type":"image","alt":"Odd Burger Logo (CNW Group/Odd Burger Corporation)","displaySize":"","headline":null,"caption":"Odd Burger Logo (CNW Group/Odd Burger Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/fd945055659a96dd7960c9e13e47e0ff"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/v_slePKlqnBUBYVzKvYxPg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/fd945055659a96dd7960c9e13e47e0ff","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2647896/Odd_Burger_Corporation_Odd_Burger_Halts_U_S__Expansion_Plans.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"On March 10th, 2025, the Company announced a strategy to deal with tariffs and raise capital to invest in its U.S. expansion, however, those expansion initiatives and investment plans are not moving forward at this time. Instead, the Company plans on using the capital to invest in its Canadian manufacturing and franchise operations.","length":334,"tagName":"p"},{"type":"text","content":""Given the global tariff uncertainty, we are putting the brakes on our U.S. expansion until pricing metrics can be formulated with certainty," says James McInnes CEO and Co-Founder of Odd Burger. "We are also seeing increased demand for our products in Canada, and as a Canadian Company, we want to make sure that we focus on our core market at this time."","length":376,"tagName":"p"},{"type":"text","content":"Odd Burger operates its own manufacturing facility in London, Ontario where it produces over 20 plant-based proteins and dairy-free sauces under the brand Preposterous Foods, using primarily Canadian sourced and grown ingredients.","length":230,"tagName":"p"},{"type":"text","content":"The Company's food service product line is available for purchase at Sysco distribution centers across Canada. In anticipation of...