LONDON,
ON, Feb. 27, 2024 /CNW/ - Odd Burger
Corporation ("Odd Burger" or the "Company") (TSXV: ODD) (OTCQB:
ODDAF) (FSE: IA9) is pleased to provide a bi-weekly update on the
status of the management cease trade order granted on January 30,
2024 (the "MCTO") by its principal regulator, the Ontario
Securities Commission, under National Policy 12-203 - Management
Cease Trade Orders ("NP 12-203"), following the Company's
announcement on January 15, 2024 (the
"Default Announcement") that it was unable to file its
audited annual financial statements, management's discussion and
analysis and related certifications for the year ended
September 30, 2023 (the
"Documents") on or before January
29, 2024, as required under applicable securities laws. The
Company expects to file the Documents by March 7, 2024.
There are no material changes to the information contained in
the Default Announcement. In addition: (i) the Company is
satisfying and confirms that it intends to continue to satisfy the
provisions of the alternative information guidelines under NP
12-203 and issue bi-weekly default status reports for so long as
the delay in filing the Documents is continuing, each of which will
be issued in the form of a press release; (ii) the Company does
not have any information at this time regarding any anticipated
specified default subsequent to the default in filing the
Documents; (iii) the Company is not subject to any insolvency
proceedings; and (iv) there is no material information concerning
the affairs of the Company that has not been generally
disclosed.
About Odd Burger Corporation
Odd Burger Corporation is a franchised vegan fast-food
restaurant chain and food technology company that manufactures a
proprietary line of plant-based protein and dairy alternatives. Its
manufactured products are distributed to Odd Burger restaurant
locations through its foodservice line and also sold at grocery
retailers through its consumer-packaged goods (CPG) line. 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 that can be
enjoyed at its restaurant locations or at home though its CPG line.
Odd Burger Corporation is traded on the TSX Venture Exchange under
the symbol "ODD" and on the OTCQB under the symbol "ODDAF". For
more information visit https://www.oddburger.com.
Forward-Looking Information
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation. All
statements, other than statements of historical fact, included
herein are forward-looking information. In particular, this news
release contains forward-looking information regarding: the filing
of the Documents, including the timing for the filing of the
Documents. There can be no assurance that such forward-looking
information will prove to be accurate, and actual results and
future events could differ materially from those anticipated in
such forward-looking information. This forward-looking information
reflects Odd Burger's current beliefs and is based on information
currently available to Odd Burger and on assumptions Odd Burger
believes are reasonable. These assumptions include, but are not
limited to: the ability of Odd Burger to complete the filing of
Documents in the noted timeframe. Forward-looking information is
subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of Odd Burger to be materially
different from those expressed or implied by such forward-looking
information. Such risks and other factors may include, but are not
limited to: general business, economic, competitive, political and
social uncertainties; general capital market conditions and market
prices for securities; delay or failure to receive board or
regulatory approvals; the actual results of future operations;
competition; changes in legislation affecting Odd Burger; the
timing and availability of external financing on acceptable terms;
long-term capital requirements and future developments in the
Company's markets and the markets in which it expects to compete;
lack of qualified, skilled labour or loss of key individuals. A
description of additional risk factors that may cause actual
results to differ materially from forward-looking information can
be found in Odd Burger's disclosure documents on the SEDAR+
website at www.sedarplus.com. Although Odd Burger has attempted
to identify important factors that could cause actual results to
differ materially from those contained in forward-looking
information, there may be other factors that cause results not to
be as anticipated, estimated or intended. Readers are cautioned
that the foregoing list of factors is not exhaustive. Readers are
further cautioned not to place undue reliance on forward-looking
information as there can be no assurance that the plans,
intentions or expectations upon which they are placed will occur.
Forward-looking information contained in this news release is
expressly qualified by this cautionary statement. The
forward-looking information contained in this news release
represents the expectations of Odd Burger as of the date of this
news release and, accordingly, is subject to change after such
date. However, Odd Burger expressly disclaims any intention or
obligation to update or revise any forward-looking information,
whether as a result of new information, future events or
otherwise, except as expressly required by applicable securities
law.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this news release.
SOURCE Odd Burger Corporation
