01:51:44 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Odd Burger Corp
Symbol ODD
Shares Issued 92,694,417
Close 2024-02-12 C$ 0.18
Market Cap C$ 16,684,995
Recent Sedar Documents

Odd Burger CFO resigns, no material change

2024-02-13 11:59 ET - News Release

Mr. James McInnes reports

ODD BURGER PROVIDES BI-WEEKLY UPDATE ON STATUS OF MCTO AND ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER

Odd Burger Corp. has provided a biweekly update on the status of the management cease trade order granted on Jan. 30, 2024, by its principal regulator, the Ontario Securities Commission, under National Policy 12-203 -- Management Cease Trade Orders, following the company's announcement on Jan. 15, 2024, that it was unable to file its audited annual financial statements, management's discussion and analysis and related certifications for the year ended Sept. 30, 2023, on or before Jan. 29, 2024, as required under applicable securities laws. The company still expects to file the documents by Feb. 29, 2024.

There are no material changes to the information contained in the default announcement. In addition: (i) the company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue biweekly default status reports for so long as the delay in filing the documents is continuing, each of which will be issued in the form of a press release; (ii) the company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the documents; (iii) the company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the company that has not been generally disclosed.

The company also announces that due to insufficient availability, Murtaza Chevel has resigned as the chief financial officer of the company effective Feb. 14, 2024. James McInnes has been appointed interim CFO, effective Feb. 14, 2024, and the company has hired a financial services firm to assist with the transition. The company does not believe that Mr. Cheval's departure will affect the timely filing of its documents and the board expects to embark on an extensive search for a permanent CFO in due course.

About Odd Burger Corp.

Odd Burger is a franchised vegan fast-food restaurant chain and food technology company that manufactures a proprietary line of plant-based protein and dairy alternatives. Its manufactured products are distributed to Odd Burger restaurant locations through its food service line and also sold at grocery retailers through its consumer-packaged goods (CPG) line. 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, a vertically integrated supply chain along with healthier ingredients, Odd Burger is revolutionizing the fast-food industry by creating guilt-free fast food that can be enjoyed at its restaurant locations or at home though its CPG line.

We seek Safe Harbor.

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