Odd Burger Receives DTC Eligibility for U.S. Stock Trading; Enters European Market on Frankfurt Stock Exchange
TORONTO, Nov. 23, 2021 /PRNewswire/ - Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9), one of the world's first vegan fast-food chains and first to go public, today announced it has received eligibility from the Depository Trust Company (DTC), the largest securities depository in the world, enabling its stock to be more easily purchased by U.S. investors. This eligibility is required for publicly traded companies in order for securities to be deposited through DTC.
Separately, the company announced it has begun trading on the Frankfurt Stock Exchange under the symbol IA9, making its stock accessible to most European investors. The FSE is the twelfth largest stock exchange in the world by market capitalization, and the largest in Germany.
"Our intention to be a publicly traded company has always been strategic, to maintain a level of independence that isn't always possible when companies accept venture capital or investments from large food and agriculture conglomerates," said Odd Burger co-founder and CEO James McInnes. "In Canada, the United States, and now Europe, we can be supported directly by people who share our vision to transform the fast-food industry, and that includes our regular customers."
In addition, Odd Burger has changed its U.S. ticker symbol on the OTCQB to ODDAF.
The vegan fast-food concept pioneer currently has six locations, plus four in development, and plans to have 20 restaurants operational by this time next year in the U.S. and Canada. Odd Burger produces its own proprietary plant-based product line at a company-owned food manufacturing facility, another way it remains independent from third-party suppliers.
About Odd Burger Corporation
Odd Burger Corporation is a chain of company-owned and franchised vegan fast-food restaurants as well as a food technology company that manufactures and distributes a proprietary line of plant-based protein and dairy alternatives to its locations. 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. Odd Burger Corporation is traded on the TSX Venture Exchange under the symbol ODD, on the OTCQB under ODDAF, and the Frankfurt Stock Exchange under IA9. 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 to among other things, the Company's strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements, including but not limited to its expansion plans into the United States and the number of restaurant locations anticipated in the following period.
Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: negative cash flow and future financing requirements to sustain operations; dilution; competition; economic changes; and the impact of and risks associated with the ongoing COVID-19 pandemic. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company 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 rates); changes in laws and regulations; legal and regulatory proceedings; and the ability to execute strategic plans. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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SOURCE Odd Burger Corporation
