TORONTO, June 29, 2021 /CNW/ - Globally Local Technologies
Inc. (TSXV: GBLY), founder of one of the world's first vegan
fast-food chains and first to go public, today offered the
following updates on new restaurants, including Vaughan, and
announced details of its first Annual General Meeting via
teleconference.
The Vaughan location will be the first location launched under
the new Odd Burger brand, with a full transition expected in July
including a ticker symbol change to "ODD." Vaughan Odd Burger is
expected to open to the public as early as the first week of July
and will implement many of the design elements of the new Odd
Burger brand including updated interior decor and new signage. It
is also one of the most compact locations made to date, with a
total square footage under 1100 square feet.
"The Vaughan location is an incredible milestone for us, because
it is the first location to launch under the Odd Burger brand,"
said Globally Local co-founder and CEO James McInnes. "This location is also the first
to fully implement our smart kitchen design, which will be used as
a template for future locations and will help us to scale quickly
and effectively."
The company estimates the following opening timelines for
previously announced locations:
- Construction has begun on South
London and Waterloo locations, which are expected to open in
August
- Construction at the Hamilton
location is expected to begin shortly, and opening is planned for
September
- Construction is delayed at the East
Toronto (Broadview)
location due to structural issues with the building that are
currently being addressed by the landlord, but the company expects
an October opening
Earlier in June, the company announced it is engaged in site
selection for its first U.S. location in New York City.
Annual General Meeting
The annual general and special meeting will be held Friday, July 16, 2021 at 2:00 p.m. Eastern/11:00
a.m. Pacific. Due to COVID-19 protocols, shareholders are
strongly discouraged from attending in person and instead advised
to vote by proxy on the internet.
Shareholders and proxyholders are invited to attend virtually
via conference call as follows:
North America Toll-Free: 877-234-4610
Local
(Calgary):
403-269-5197
Participant Conference Access code:
4872953 #
The conference call will not permit voting; however, there will
be a question-and-answer session following the termination of the
formal business during which shareholders attending the
conference call can ask questions."
For questions about the annual general and special meeting
please contact invest@globallylocal.ca.
About Globally Local Technologies Inc.
Globally Local is a plant-based food technology company that
manufactures and distributes industry-leading plant-based protein
and dairy alternatives using locally sourced and sustainable
ingredients. The company distributes its products through a
proprietary food service line to company-owned and franchised
fast-food restaurants. Its locations 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, Globally Local is
revolutionizing the fast-food industry. Globally Local Technologies
is traded on the TSX Venture Exchange under the symbol GBLY. For
more information visit https://globallylocal.ca.
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.
This news release contains forward-looking statements
relating to the future operations of the company and other
statements that are not historical facts. Forward-looking
statements are often identified by terms such as "plans", "will",
"may", "should", "anticipate", "expects" and similar expressions.
Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are
beyond the control of the company.
Specifically, this press release contains forward-looking
statements. Such forward-looking statements of information are
based on a number of assumptions which may prove to be
incorrect.
Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will update or
revise publicly any of the included forward-looking statements as
expressly required by Canadian securities law.
The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many
of which are beyond the control of the Company. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are
made as of the date of this news release and the Company will
update or revise publicly any of the included forward-looking
statements only as expressly required by Canadian securities
law.
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SOURCE Globally Local Technologies Inc.
