Odd Burger Launches Odd Stock Program and Doubles Franchises Under Development
LONDON, ON, Feb 16, 2023 /PRNewswire/ – Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) (“Odd Burger” or the “Company“) is pleased to announce that it has launched an innovative franchising initiative called the Odd Stock Program which allows franchisees to become eligible to have their entire franchise fee due to the Company’s subsidiary franchisors waived by investing an equivalent amount into the Company through a private placement or, with the consent of Odd Burger, acquire shares on the open market. The program allows franchisees to use the full amount they would otherwise be required to pay as a franchise fee to the Company’s subsidiary franchisors to purchase Odd Burger Common Shares, turning that amount into an investment, instead of a cost. The Company launched this program last month through its private placement, and anticipates that it will result in a significant increase in the number of franchise units under development. The Company expects that recent investments eligible under the Odd Stock Program will result in ten additional franchised locations in Canada and two additional international development projects.
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