Odd Burger Corporation is raising up to $4 million through a private placement of convertible debentures, aiming to fuel its growth in Canada, the US, and overseas. The funds will be used to expand its franchise operations, distribute its plant-based products, develop commercial real estate, and support general working capital.
Odd Burger Corporation announced record revenue and profitability in its third quarter ended June 30, 2024. The company saw a significant increase in revenue and gross profit, while also significantly reducing its net loss. This strong performance was driven by successful restaurant openings, a growing franchise model, and the launch of its consumer-packaged goods (CPG) line in Whole Foods Market.
