Odd Burger Co-Founder Acquires Additional Shares, Reinforcing Confidence in Company Growth
Odd Burger Corporation (“Odd Burger” or the “Company”) (TSXV: ODD) (OTCPK: ODDAF) (FSE: IA9) announces that its Co-Founder and Chief Operating Officer, Vasiliki McInnes (the “Acquiror”), has increased her ownership in the Company through the purchase of additional shares.
On February 14, Mrs. McInnes acquired 50,000 shares at an average price of $0.3231 per share. This insider transaction highlights the leadership’s strong confidence in Odd Burger’s continued expansion, particularly in its growing franchise operations and consumer packaged goods (CPG) line.
Early Warning Report Disclosure
Prior to this acquisition, Mrs. McInnes held control over a total of 22,417,857 common shares, along with 1,849,479 options and 892,857 warrants. This represented approximately 24.5% of the Company’s issued and outstanding voting securities on a non-diluted basis and 26.7% assuming full conversion of options and warrants.
Following the purchase, Mrs. McInnes now holds a total of 22,467,857 common shares, in addition to her options and warrants. Her ownership now accounts for approximately 22.8% of the issued and outstanding voting securities on a non-diluted basis and 25.6% assuming full conversion of options and warrants.
Mrs. McInnes has acquired these shares for investment purposes and will continue to evaluate her holdings as market conditions evolve. A copy of the Form 62-103F1 – Early Warning Report filed in connection with this acquisition is available on www.SEDAR.com.
About Odd Burger Corporation
Odd Burger Corporation is a leading vegan fast-food chain and food technology company specializing in plant-based protein and dairy alternatives. The Company manufactures proprietary food products for distribution to Odd Burger restaurant locations, as well as for sale through its CPG line at grocery retailers. Odd Burger’s smart kitchens leverage state-of-the-art cooking technology and automation to offer customers healthier, sustainable, and affordable fast-food options.
With compact store footprints optimized for delivery and takeout, a vertically integrated supply chain, and innovative menu offerings, Odd Burger is redefining the fast-food industry. The Company’s shares are publicly traded on the TSX Venture Exchange (TSXV: ODD), OTCPK (ODDAF), and Frankfurt Stock Exchange (FSE: IA9). For more information, visit www.oddburger.com.
Forward-Looking Information
This news release contains forward-looking statements regarding management’s expectations for Odd Burger’s future growth, including franchise expansion, product demand, and operational developments. These statements are based on various assumptions and factors, including market demand, financial viability, and availability of resources. However, there are inherent risks and uncertainties, including regulatory changes, competitive challenges, supply chain disruptions, and macroeconomic conditions, that could impact actual results.
For a comprehensive discussion of potential risks, refer to Odd Burger’s Annual Information Form available on www.sedarplus.ca. The Company disclaims any obligation to update forward-looking statements, except as required by law.
Non-GAAP Measures
This press release may reference certain non-GAAP financial measures. These are supplementary indicators that provide additional insights into the Company’s performance but are not recognized under IFRS. As such, they should not be considered a substitute for financial data reported under IFRS.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release and assumes no responsibility for its accuracy.
SOURCE: Odd Burger Corporation
