Odd Burger Corporation (TSXV: ODD) (OTCQB: GBLYF), one of the world’s first vegan fast food chains and the first to be publicly traded, completed its listing in the U.S. market today with its common stock published on the OTC (QB) under the symbol GBLYF.
The Canadian company has five locations and is currently seeking a location in New York. Odd Burger plans to have 20 restaurants operational by this time next year.
To continue its expansion in the United States, Odd Burger has secured foodservice distribution through Sysco and international food safety certification by HACCP, paving the way for the supply of its future restaurants outside its province of origin, Ontario.
âLike we did when we went public in Canada, we want to give American customers an easier way to invest and support our mission to change fast food,â said Co-Founder and CEO of Odd Burger, James McInnes. âMany of our clients are shareholders as well, which is why it is so important to continue to expand our market access as our organization grows. “
Odd Burger will request the change of its stock symbol from the monitoring agency FINRA; after approval, its new ticker should be ODDAF. The company was founded as Globally Local and was recently renamed Odd Burger.
Odd Burger makes its own plant proteins and dairy alternatives, which make up about 70 percent of the food sold in its restaurants. Control of its own supply chain helps the company keep menu prices in line with conventional fast food restaurants, reduces its reliance on third-party vendors, and ensures consistent quality and customer experience.
More than 10,000 companies trade on the OTC (over-the-counter) markets. Developing international companies often enter the US stock market through an OTC listing. Eligible businesses must be up-to-date in their reports and undergo an annual audit.
To buy Odd Burger shares, consult a brokerage firm or online broker that allows OTC trading.
About Odd Burger Corporation
Odd Burger Corporation is a chain of company-owned and franchised vegan fast food restaurants and a food technology company that manufactures and distributes an exclusive line of plant-based proteins and dairy alternatives at its locations. Odd Burger restaurants operate like smart kitchens, which use cutting-edge cooking technology and automation solutions to deliver a delicious dining experience to customers seeking healthier and more sustainable fast food. With small stores optimized for delivery and take-out, advanced cooking technology, competitive pricing, a vertically integrated supply chain, and healthier ingredients, Odd Burger is revolutionizing the fast food industry by creating fast food without guilt. Odd Burger Corporation is listed on the TSX Venture Exchange under the symbol ODD and on the OTCQB under the symbol GBLYF. 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 that relate, among other things, to the strategies, intentions, plans, beliefs, expectations and estimates of the Company, 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 significance. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and such statements should not be relied on unduly. Certain important factors or assumptions are applied in forward-looking statements, and actual results may differ materially from those expressed or implied in such statements, including, but not limited to, its plans for expansion in the United States and the number of restaurants planned in the following period.
Forward-looking statements or information are based on a number of factors and assumptions which were used to develop such statements and information, but which may prove to be inaccurate. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, one should not place undue reliance on forward-looking statements as the Company cannot guarantee that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in this forward-looking information include, but are not limited to: negative cash flow and future funding requirements to support operations; dilution; competetion; economic changes; and the impact and risks associated with the current COVID-19 pandemic. The forward-looking information contained in this press release reflects the Company’s current expectations, assumptions and / or beliefs based on information currently available to the Company.
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 assumes 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.
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