TORONTO, Jan. 26, 2022 /CNW/ - Odd Burger Corporation
("Odd Burger" or the "Company") (TSXV: ODD) (OTCQB: ODDAF) (FSE:
IA9) today announced it has amended and refiled its management's
discussion and analysis for the interim period ended June 30, 2021 (the "Amended MD&A"), to better
comply with National Instrument 51-102 - Continuous Disclosure
Obligations. The Amended MD&A were filed at the request of
Staff of the Ontario Securities Commission ("OSC") in connection
with a continuous disclosure review by Staff of the OSC and in
order to improve the Company's disclosure. In particular, among
other changes, the Amended MD&A have been revised as
follows:
(1) to provide updates on forward-looking information given in
the Company's Filing Statement dated March
19, 2021 (the "Filing Statement");
(2) to provide updates on the status of projects relative to
statements regarding such projects in the Filing Statement,
including expenditures made and how these relate to anticipated
timing and costs to take each project to the next state of the
plan;
(3) to provide a comparison of how the Company has used proceeds
from prior financings, relative to statements in the Filing
Statement;
(4) to expand disclosure regarding the Company's liquidity and
capital resources;
(5) to expand disclosure regarding the regulatory framework in
which the Company operates;
(6) to expand disclosure regarding the Company's year to date
financial results; and
(7) to provide updates on the Company's trademark
applications.
The amended information relates only to the management's
discussion and analysis for the relevant periods, and no changes
were made to the financial statements for the corresponding
periods. The Amended MD&A are available under the Company's
profile on SEDAR at www.sedar.com.
About Odd Burger Corporation
Odd Burger Corporation is a chain of company-owned and
franchised vegan fast-food restaurants as well as a food technology
company that manufactures and distributes a proprietary line of
plant-based protein and dairy alternatives to its locations. 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. Odd Burger
Corporation is traded on the TSX Venture Exchange under the symbol
ODD and on the OTCQB under the symbol GBLYF. For more information
visit https://www.oddburger.com.
Caution Regarding Forward-Looking Statements
Forward-Looking Statements This press release contains
forward-looking information and forward-looking statements within
the meaning of applicable Canadian and United States securities laws. Such statements
are based upon the Company's current internal expectations,
estimates, projections, assumptions and beliefs and views of future
events. Forward-looking information and forward-looking statements
can be identified by the use of forward-looking terminology such as
"believes", "expect", "likely", "may", "will", "should", "intend",
"anticipate", "potential", "proposed", "estimate" and other similar
words, including negative and grammatical variations thereof, or
statements that certain events or conditions "may", "would" or
"will" happen.
Forward-looking information and statements are necessarily
based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which may cause the actual results
and future events to differ materially from those expressed or
implied by such forward-looking information and statements. Such
factors include, but are not limited to: results of operations,
operational matters, historical trends, current conditions and
expected future developments, as well as other considerations that
are believed to be appropriate in the circumstances. There can be
no assurance that such information and statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information and
statements. Accordingly, readers should not place undue reliance on
forward-looking information and statements. The Company disclaims
any intention or obligation to update or revise any forward-looking
information and statements, whether as a result of new information,
future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this press
release.
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SOURCE Odd Burger Corporation