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Odd Burger Details U.S. Expansion Strategy Amid Tariffs and Announces $2M Private Placement

Odd Burger Details U.S. Expansion Strategy Amid Tariffs and Announces $2M Private Placement

Published 1 year, 1 month ago
Description
On the latest episode of BC Food News, host Jennifer English discusses the recent announcements made by Odd Burger Corporation, a leading vegan fast-food chain originating from London, Ontario. Despite recent tariffs on Canadian goods, the corporation has ambitious plans to expand into the U.S, intending to replicate its successful vertically integrated supply chain model by sourcing local ingredients from U.S. farmers. To fund this expansion, Odd Burger announced a non-brokered private placement, aiming to raise up to $2 million, subject to approval by the TSX Venture Exchange. James McInnes, CEO of Odd Burger Corporation, is confident about maintaining the company's food quality while controlling costs as they expand swiftly across the U.S. However, this forward-looking plan is subject to certain risks and uncertainties, including market demand, availability of financing, and operational challenges.
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