Odd Burger Halts U.S. Expansion Amid Tariff Concerns

Odd Burger Corporation ( (TSE:ODD) ) has provided an update.

Odd Burger Corporation has decided to halt its U.S. expansion plans due to escalating political tensions and tariff uncertainties between Canada and the U.S. Instead, the company will redirect its investment towards enhancing its Canadian manufacturing and franchise operations, capitalizing on the growing demand for plant-based products in Canada. This strategic shift aims to strengthen its core market presence and support Canadian companies in transitioning to locally made plant-based products.

More about Odd Burger Corporation

Odd Burger Corporation is a franchised vegan fast-food restaurant chain and food technology company that produces plant-based protein and dairy alternatives. It operates smart kitchens with advanced cooking technology and offers products through its restaurant locations and consumer-packaged goods line. The company focuses on healthier and sustainable fast food options and is traded on the TSX Venture Exchange and OTCPK.

YTD Price Performance: -22.58%

Average Trading Volume: 33,136

Technical Sentiment Signal: Hold

Current Market Cap: C$23.62M

For detailed information about ODD stock, go to TipRanks’ Stock Analysis page.