Odd Burger Unveils U.S. Expansion Strategy and $2M Funding Initiative

Odd Burger Corporation ( (TSE:ODD) ) has shared an announcement.

Odd Burger Corporation has announced its strategy to expand into the U.S. market by replicating its successful Canadian model, which includes sourcing ingredients locally and building a manufacturing facility in the U.S. This approach aims to mitigate the impact of tariffs on Canadian goods and ensure a resilient supply chain. Additionally, the company has launched a $2 million private placement to fund its U.S. expansion, establishment of manufacturing facilities, and franchise operations across North America.

More about Odd Burger Corporation

Odd Burger Corporation is a leading vegan fast-food restaurant chain and food technology company. It focuses on plant-based proteins and dairy alternatives, utilizing a vertically integrated supply chain through its manufacturing division, Preposterous Foods Inc., to produce its products primarily from Canadian-grown ingredients.

YTD Price Performance: -17.74%

Average Trading Volume: 32,719

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$25.1M

Learn more about ODD stock on TipRanks’ Stock Analysis page.