07:42:35 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Odd Burger Corp
Symbol ODD
Shares Issued 91,419,417
Close 2023-11-14 C$ 0.19
Market Cap C$ 17,369,689
Recent Sedar Documents

Odd Burger obtains $250,000 line of credit

2023-11-14 14:10 ET - News Release

Mr. James McInnes reports

ODD BURGER SECURES LINE OF CREDIT

Odd Burger Corp. has entered into a credit agreement with Vegan World LLC in the amount of $250,000.

The credit facility will be secured against specific company assets and the loan will bear interest at a rate of 15 per cent per annum, maturing one year from issuance on Nov. 15, 2024. No securities will be issued in conjunction with the credit facility and the lender is an arm's-length transaction to the company.

The company will use the credit facility to accelerate the growth of its consumer-packaged goods line, which launched in September, 2023, to support the company's franchise expansion in Canada, the United States and abroad, and for general working capital purposes.

"We are thrilled by the confidence our investors have in our ability to execute on our vision," says James McInnes, chief executive officer and co-founder at Odd Burger. "With this line of credit, Odd Burger will be able to further accelerate the growth of our newly launched retail packaged line, which has shown incredible promise from its initial launch across Southwestern Ontario."

About Odd Burger Corp.

Odd Burger is a chain of company-owned and franchised vegan fast-food restaurants, as well as a food technology company that manufactures and distributes a proprietary line of plant-based protein and dairy alternatives to its locations. Odd Burger restaurants operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. With small store footprints optimized for delivery and takeout, advanced cooking technology, competitive pricing, and a vertically integrated supply chain along with healthier ingredients, Odd Burger is revolutionizing the fast-food industry by creating guilt-free fast food. Odd Burger is traded on the TSX Venture Exchange under the symbol ODD and on the OTCQB under the symbol ODDAF.

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