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Odd Burger Signs Letter of Intent with Franchise Investment AG to Develop up to 50 Locations in the U.S. and Europe
Odd Burger Signs Letter of Intent with Franchise Investment AG to Develop up to 50 Locations in t...
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[{"type":"text","content":"\n \n \n \n Odd Burger Signs Letter of Intent with Franchise Investment AG to Develop up to 50 Locations in the U.S. and Europe\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n LONDON, ON\n \n \n ,\n \n \n Dec. 13, 2022\n \n \n /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 entered into a Letter of Intent (LOI) with Franchise Investment AG and its parent venture capital division, Angelpreneur AG (collectively the \"Developers\") to develop up to 50 new Odd Burger restaurant locations in the\n \n State of Florida\n \n and in the combined territory of\n \n Germany\n \n ,\n \n Switzerland\n \n and\n \n Austria\n \n (the region of \"DACH\") over a period of 8 years.\n \n \n \n \n \n \n \n \n \n The Developers are a Swiss-based franchise and investment firm with over 25 years of franchise experience and over 40 experts and investors on their team. The group is led by\n \n Farshad Abbaszadeh\n \n , who founded German Donar Kebab (GDK) in 2012. GDK now operates over 100 locations in the UK,\n \n Europe\n \n ,\n \n North America\n \n and the\n \n Middle East\n \n and is rapidly expanding around the world. For more information about Angelpreneur AG visit\n \n www.angelpreneur.com\n \n .\n \n \n \"The opportunity to bring vegan fast food to a global audience is exciting for us,\" says\n \n Farshad Abbaszadeh\n \n , CEO of Angelpreneur AG. \"Odd Burger brings an efficient model and a delicious and sustainable food experience.\"\n \n \n \"We are excited to work with Farshad and his team towards realizing our vision of global change in the fast-food industry,\" says\n \n James McInnes\n \n , co-founder and CEO of Odd Burger.\n \n \n The terms of the LOI provide that the Developers will purchase the Area Development Rights for 25 locations in the\n \n State of Florida\n \n and the Master Franchise Rights for 25 locations in \"DACH\". Locations in\n \n Florida\n \n will be opened and operated by the Developer...