Odd Burger Announces Exclusive National Listing with 7-Eleven Canada for its Retail Product Line
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.
"This is without a doubt one of those game-changing moments for our Company," says James McInnes, CEO and Co-Founder of Odd Burger. "We see incredible potential with this partnership, not only to grow our brand, but also to create truly accessible plant-based food options available to the masses. We believe that we can create huge change with this partnership, and we are ready to embark on this next chapter of innovation and growth."
"7-Eleven is excited to partner with Odd Burger for this national product launch," says Jeff Monachello, Senior Director of Merchandising at 7-Eleven Canada. "7-Eleven is committed to increasing its vegetarian options and being a leader in sustainability and Odd Burger is well positioned to help us push these initiatives forward."
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. Marc Goodman, VP & GM of 7-Eleven Canada, is on the board of directors for Odd Burger.
About Odd Burger Corporation
Odd Burger Corporation is a franchised vegan fast-food restaurant chain and food technology company that manufactures a proprietary line of plant-based protein and dairy alternatives. Its manufactured products are distributed to Odd Burger restaurant locations through its foodservice line and also sold at grocery retailers through its consumer-packaged goods (CPG) line. Odd Burger restaurants operate as smart kitchens, which use state-of-the art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. 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. Odd Burger Corporation is traded on the TSX Venture Exchange under the symbol "ODD" and on the OTCPK under the symbol "ODDAF". For more information visit https://www.oddburger.com.
About 7-Eleven Canada
Since the opening of its first Canadian store in 1969, 7-Eleven Canada, Inc. has evolved into a food & beverage destination, with over 8,500 team members serving millions of Canadian customers annually. Known for its iconic brands such as Slurpee ®, Big Bite ® and Big Gulp ®, 7-Eleven Canada also offers high-quality fresh, locally made sandwiches, salads, and cut fruit, as well as pizza - hot from the oven in minutes 24/7, flaky croissants and cookies baked fresh in-store daily, and at select stores, Crispy Classic Chicken ® hand-breaded & made fresh in-store daily with 100% Canadian chicken. 7-Eleven is a leader in innovation, offering customers 7-Select™ private brand products at an outstanding value. With the 7-Eleven app, customers can earn and redeem points for free food, drinks or even pay with points through its 7Rewards ® loyalty program, place an order for delivery or in-store pick-up with 7Now ®, or scan, pay & go with convenient Mobile or Self Check Out options. Headquartered in Surrey, B.C., 7-Eleven Canada operates 550 locations from Ontario through to B.C. Learn more at www.7-Eleven.ca or on social @7ElevenCanada & @SlurpeeCanada on TikTok, Facebook, X, Instagram, and LinkedIn.
Forward-Looking Information
This news release contains forward-looking information for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and similar expressions. Forward looking information contained or referred to in this news release includes statements relating to future restaurant openings, potential franchisees, demand for our products and other similar statements. Forward-looking information is based on several factors and assumptions which have been used to develop such information, but which may prove to be incorrect including, but not limited to material assumptions with respect to the continued strong demand for the Company's products, the availability of sufficient financing on reasonable terms to fund the Company's capital requirements and the ability to obtain necessary equipment, production inputs and labour. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forwardlooking information because the Company can give no assurance that such expectations will prove to be correct. Risks and uncertainties that could cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in such forward-looking information include, among others, negative cash flow and future financing requirements to sustain and grow operations, limited history of operations and revenues and no history of earnings or dividends, expansion of facilities, competition, availability of raw materials, dependence on senior management and key personnel, general business risk and liability, regulation of the food industry, change in laws, regulations and guidelines, compliance with laws, unfavourable publicity or consumer perception, product liability and product recalls, risks related to intellectual property, difficulties with forecasts, management of growth and litigation, as well as the impact of, uncertainties and risks associated with the ongoing COVID-19 pandemic, many of which are beyond the control of the Company. For a more comprehensive discussion of the risks faced by the Company, please refer to the Company's Annual Information Form filed with Canadian securities regulatory authorities at www.sedar.com. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
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