Odd Burger Signs Agreement for 36 New Vegan Fast-Food Restaurants in Alberta and British Columbia

Odd Burger began its western expansion with recently announced franchise agreements in Calgary, AB and Victoria, BC. These two locations are in the site selection stage and will now be supported by SGE.

Mar 16, 2022 - 17:04

Odd Burger Corporation (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) today announced it will open 36 new locations in the provinces of Alberta and British Columbia.

Odd Burger and Sai-Ganesh Enterprises (SGE), a family-owned hospitality group specializing in franchising and commercial construction, have signed an area representative agreement that will bring three dozen Odd Burger locations to the western provinces over the next seven years. SGE will oversee franchise sales to individual owners, store construction, and support for franchises in its territory. In addition to supporting franchise growth, SGE plans on launching a corporate restaurant location in Western Canada that will be used for training new franchisees.

"SGE is always looking for truly new and unique opportunities in fast food, and Odd Burger is among the most exciting and modern concepts we have ever encountered," said Utsang Desai, president of SGE. "As lifelong vegetarians we have a passion for healthy eating and environmental stewardship, and Odd Burger also adds innovative technology that enhances efficiency, profitability, and customer experience."

"One challenge in franchising is providing an ideal level of support and service to locations that are distant to our corporate headquarters, but partnering with Utsang and the SGE team of local experts has eliminated that concern entirely," said James McInnes, Odd Burger co-founder and CEO. "Area development agreements are a logical way for us to grow and make an impact in new regions, so we're eager to forge similar relationships with like-minded developers in Canda, the U.S. and internationally."

Odd Burger began its western expansion with recently announced franchise agreements in Calgary, AB and Victoria, BC. These two locations are in the site selection stage and will now be supported by SGE.

Recently Odd Burger announced loans of up to 90 percent of the cost of opening a new location through the Canada Small Business Financing Program (CSBFP), administered by CIBC, to dramatically reduce up-front capital requirements. Loans of up to $350,000 through the government-guaranteed program can be used for new store financing, renovations, and more. Only Canadian franchisees are eligible for CIBC financing.

Strategic franchises are part of Odd Burger's plans to expand throughout North America. Odd Burger already has Ontario locations in Toronto, London, Windsor, Vaughan, Waterloo, and Hamilton; in addition to Calgary and Victoria, an Ottawa franchise is currently in development as well locations in Brampton and Whitby Ontario.  Odd Burger also operates a manufacturing division called Preposterous Foods, located in London, ON where it creates its proprietary plant-based proteins and dairy alternatives such as burgers, chickUn fillets, sausage, and dairy-free sauces.