Announcement • Sep 27
Odd Burger Corporation announced that it expects to receive CAD 1.496 million in funding Odd Burger Corporation announced a private placement to issue 8,311,110 common shares at a price of CAD 0.18 for aggregate gross proceeds of CAD 1,495,999.8 on September 26, 2025. The transaction will include participation from James McInnes. The transaction involves an insider of the Company and is therefore considered a"related party transaction" under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9. The transaction is subject to the final approval of the TSXV. Announcement • Sep 12
Odd Burger Corporation announced that it expects to receive CAD 2.5 million in funding Odd Burger Corporation announces that it has has entered into an equity distribution agreement with Westmount Ventures Inc. to issue common shares for gross proceeds of CAD 2.5 million on September 11, 2025. Announcement • Jul 30
Odd Burger Appoints Vasiliki Mcinnes as Chief Financial Officer , Effective July 25, 2025 Odd Burger Corporation announced the appointment of Vasiliki McInnes as the company's new Chief Financial Officer (CFO), Vasiliki McInnes, Odd Burger's co-founder, former Chief Operating Officer, and largest shareholder has been appointed Chief Financial Officer, effective July 25, 2025. Vasiliki has played a critical role in the financial operations of Odd Burger since January 2024 and has led the company's annual financial audit for the past two years. Her deep understanding of Odd Burger's strategic vision and her extensive experience in operations and financial leadership makes her an ideal fit for this role. Announcement • May 21
Odd Burger Announces Exclusive National Listing with 7-Eleven Canada for its Retail Product Line Odd Burger Corporation announced that it has received approval to list its retail product line at 7-Eleven Canada ("7-Eleven") in over 500 locations across Canada. The listing encompasses 4 Odd Burger retail products including its Crispy ChickUn Fillet, Chickpea Burger, Smash Burger and Breakfast Sausage, and is expected to be on shelves by mid-June at participating 7-Eleven locations across Canada. The Company has also agreed to provide 7-Eleven with exclusive distribution in the convenience-store vertical category for a period of 6 months. The Company's retail line is currently produced by Preposterous Foods, a wholly owned subsidiary of Odd Burger Corporation. The listing with 7-Eleven is expected to substantially increase the Company's production output at Preposterous Foods and will allow the Company to continue to diversify its revenue sources and strategic direction. Announcement • Apr 01
Odd Burger Corporation Announces Board Changes Odd Burger Corporation announced the appointment of Graham Taylor, a leading expert in the field of Artificial Intelligence as a member of its board of directors effective March 31, 2025. Graham Taylor received his PhD in Computer Science from the University of Toronto in 2009 and is currently a Canada Research Chair and Professor of Engineering at the University of Guelph. He co-directs the University of Guelph Centre for Advancing Responsible and Ethical AI and is a Faculty Member at the Vector Institute for AI. In 2016 he was named as one of 18 inaugural CIFAR Azrieli Global Scholars and in 2018 he was honoured as one of Canada's Top 40 under 40. In 2019 he became a Canada CIFAR AI Chair and spent 2018-2019 as a Visiting Faculty member at Google Brain, Montreal. Taylor co-founded Kindred, which was featured at number 29 on MIT Technology Review's 2017 list of smartest companies in the world, acquired by Ocado in 2020. From 2021–2023 he served as Vector's Research Director and is currently the Academic Director of NextAI, a non-profit accelerator for AI-focused entrepreneurs. Graham Taylor will replace Michael Fricker, who has served on Odd Burger's board of directors since January 2022. The Company extends its gratitude to Mr. Fricker for his time and guidance during the past two years. Announcement • Mar 12
Odd Burger Corporation announced that it expects to receive CAD 2 million in funding Odd Burger Corporation announced a a non-brokered private placement of up to 6,666,666 units at a price of CAD 0.30 per Unit, for total gross proceeds of up to CAD 1,999,999.8 on March 10, 2025. Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at a price of CAD 0.35 per Common Share, exercisable for two years from the closing date of the Offering. Completion of the Offering is subject to TSX Venture Exchange approval, and all securities issued will be subject to a four-month and one-day hold period from the date of issuance. Announcement • Feb 01
Odd Burger Corporation Launches Plant-Based Pizza at All Restaurant Locations in Canada Odd Burger Corporation announced that it has launched plant-based pizza at all restaurant locations in Canada, starting January 31, 2025. The initial launch will feature 4 personal-sized 8-inch pizzas, including Cheese, Pepperoni, Hawaiian and Plant-Meat Lovers. The pizzas feature a hand-tossed pizza crust, providing customers with a premium pizza experience. The pizzas are made to order in only 1:30 seconds, utilizing Odd Burger's cooking technology. The pizza launch will be a limited time offer, which will allow the Company to assess the sales data and customer feedback to optimize the product. The Company also plans on testing additional alternative crust options including gluten-friendly and low-carb pizza crusts if the initial launch is successful. Odd Burger's pizza launch is part of a larger trend in QSR restaurant chains launching personal-size pizzas onto the menu, and the Company believes that providing more sustainable and allergy friendly alternatives is a gap in the market that it can fill. Announcement • Jan 31
Odd Burger Corporation Auditor Raises 'Going Concern' Doubt Odd Burger Corporation filed its Annual on Jan 29, 2025 for the period ending Sep 30, 2024. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • Sep 20
Odd Burger Corporation announced that it expects to receive CAD 4 million in funding Odd Burger Corporation. announced that it proposed non-brokered private placement up to 4,000 unsecured convertible debentures at a price of CAD 1,000 per Convertible Debenture, for aggregate gross proceeds of up to CAD 4,000,000. on September 20, 2024. Each Convertible Debenture shall mature on the date which is 36 months from the closing of the Offering and will be convertible into common shares of the Company at a conversion price of $0.25 per Common Share. The Convertible Debentures will accrue interest from the closing date at a rate of 15% per annum which shall be payable on the Maturity Date. The approval of the Offering will be subject to acceptance by the TSX Venture Exchange. Reported Earnings • Aug 30
Third quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.009 loss in 3Q 2023) Third quarter 2024 results: CA$0.001 loss per share (improved from CA$0.009 loss in 3Q 2023). Revenue: CA$879.4k (up 2.2% from 3Q 2023). Net loss: CA$120.5k (loss narrowed 86% from 3Q 2023). New Risk • Jun 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €6.96m (US$7.45m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$326k free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-CA$2.2m). Earnings have declined by 8.7% per year over the past 5 years. Market cap is less than US$10m (€6.96m market cap, or US$7.45m). Minor Risk Revenue is less than US$5m (CA$3.3m revenue, or US$2.4m). Announcement • Jun 08
Odd Burger Corporation Announces Retail Expansion with Whole Foods Market Stores in Ontario, Canada Odd Burger Corporation announced that it has increased the distribution of its consumer packaged goods (CPG) line through a retail listing at Whole Foods Market stores in Ontario, Canada. In September 2023, Odd Burger launched its CPG line, allowing customers to enjoy its delicious and sustainable began fast food at home. Odd Burger launch its CPG line with five products including the Crispy ChickUn Fillet, Chickpea Burger, Smash Burger, ChickUn Pretenders and Breakfast Sausage. Since its initial launch, Odd Burger has received strong demand from independent retailers in Ontario and has distributed products to all Odd Burger restaurant locations in Ontario, Alberta and Saskatchewan. Whole Foods Market is the Company's first major retailer to carry its CPG line and represents a significant milestone for the Company as it seeks to make its products more accessible to consumers. 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. Reported Earnings • May 28
Second quarter 2024 earnings released: CA$0.004 loss per share (vs CA$0.011 loss in 2Q 2023) Second quarter 2024 results: CA$0.004 loss per share (improved from CA$0.011 loss in 2Q 2023). Revenue: CA$800.5k (up 6.9% from 2Q 2023). Net loss: CA$383.8k (loss narrowed 61% from 2Q 2023). New Risk • Apr 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-CA$2.1m). Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (€8.88m market cap, or US$9.56m). Minor Risk Revenue is less than US$5m (CA$3.2m revenue, or US$2.4m). Reported Earnings • Mar 28
Full year 2023 earnings released: CA$0.051 loss per share (vs CA$0.051 loss in FY 2022) Full year 2023 results: CA$0.051 loss per share (in line with FY 2022). Revenue: CA$3.24m (up 9.9% from FY 2022). Net loss: CA$4.60m (loss widened 7.4% from FY 2022). New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-CA$318k). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (€8.80m market cap, or US$9.58m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (CA$3.2m revenue, or US$2.4m). New Risk • Mar 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.13m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Negative equity (-CA$318k). Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (€9.13m market cap, or US$9.98m). Minor Risk Revenue is less than US$5m (CA$3.2m revenue, or US$2.4m). Announcement • Feb 13
Odd Burger Corporation Announces CFO Changes, Effective from February 14, 2024 Odd Burger Corporation announced that due to insufficient availability, Murtaza Chevel has resigned as the Chief Financial Officer of the Company ?effective February 14, 2024. James McInnes ?has been appointed interim CFO, effective February 14, 2024, and the Company has hired a financial services firm to assist with the transition. The Company does not believe that Mr. Cheval's departure will affect the timely filing of its Documents and the Board expects to ??embark on an ?extensive search for a permanent CFO in due course. Announcement • Jan 18
Odd Burger Corporation Appoints Murtaza Chevel as Chief Financial Officer Effective January 22, 2024 Odd Burger Corporation announced that it has appointed Murtaza Chevel as the Company's new Chief Financial Officer effective January 22nd, 2024. Mr. Chevel holds a Chartered Professional Accountants designation and is a seasoned strategic finance leader with multi-faceted global business experience in corporate finance, debt restructuring, investor relations and franchising. Most recently, he was the CFO of Quesada Franchising of Canada Corporation since January 2020 until it was acquired by Foodtastic Inc. in 2023. Mr. Chevel's extensive experience over the past three decades includes time with Ernst & Young in auditing, management consulting and corporate finance, and as CFO of two publicly listed entities abroad in the property development and private equity sectors. Announcement • Nov 17
Odd Burger Corporation, Annual General Meeting, Jan 23, 2024 Odd Burger Corporation, Annual General Meeting, Jan 23, 2024. New Risk • Sep 03
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$318k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.8m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-CA$318k). Earnings have declined by 20% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Revenue is less than US$5m (CA$3.2m revenue, or US$2.4m). Market cap is less than US$100m (€13.1m market cap, or US$14.1m). Board Change • Jul 26
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Co-Founder, Chairman, President & CEO James McInnes is the most experienced director on the board, commencing their role in 2021. Independent Director Francois Arbour was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jan 26
Odd Burger Corporation announced that it expects to receive CAD 1.3005 million in funding Odd Burger Corporation announced a non-brokered private placement of 5,202,000 units at a price of CAD 0.25 per unit for gross proceeds CAD 1,300,500 in its first tranche on January 25, 2023. Each unit will consist of one common share and common share purchase warrant of the company. Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.40 per share on or before January 24, 2025. In connection with the Offering, Haywood Securities Inc. received cash compensation of CAD 5,250 and 21,000 options and PI Financial Corp. received cash compensation of CAD 700 and 2,800 finder's options which is equal to 7% of the number of Units sold by each finder pursuant to the offering. Each Finder's Option will entitle the holder to purchase one unit for a period of 24 months from the closing date at an exercise price of CAD 0.25 per unit. The approval of the offering will be subject to final acceptance of the offering by the TSX Venture Exchange. 