Odd Burger Announces Appointment of New Chief Financial Officer
LONDON, ON, Jan. 18, 2024 /CNW/ - Odd Burger Corporation ("Odd Burger" or the "Company") (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) announces that it has appointed Murtaza Chevel as the Company's new Chief Financial Officer effective January 22nd, 2024.
Mr. Chevel holds a Chartered Professional Accountants designation and is a seasoned strategic finance leader with multi-faceted global business experience in corporate finance, debt restructuring, investor relations and franchising. Most recently, he was the CFO of Quesada Franchising of Canada Corporation since January 2020 until it was acquired by Foodtastic Inc. in 2023.
Mr. Chevel's extensive experience over the past three decades includes time with Ernst & Young in auditing, management consulting and corporate finance, and as CFO of two publicly listed entities abroad in the property development and private equity sectors.
"We are delighted to welcome Murtaza to our organization," says James McInnes, CEO & Co-Founder of Odd Burger. "We believe that Murtaza has the right skill set to help Odd Burger in our next phase of growth and will provide us with the strategic leadership needed to achieve our goals."
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 OTCQB under the symbol "ODDAF". For more information visit https://www.oddburger.com.
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information regarding: the search for a permanent CFO. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Odd Burger's current beliefs and is based on information currently available to Odd Burger and on assumptions Odd Burger believes are reasonable. These assumptions include, but are not limited to: the ability of Odd Burger to complete the search for a permanent CFO. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Odd Burger to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; delay or failure to receive board or regulatory approvals; the actual results of future operations; competition; changes in legislation affecting Odd Burger; the timing and availability of external financing on acceptable terms; long-term capital requirements and future developments in the Company's markets and the markets in which it expects to compete; lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Odd Burger's disclosure documents on the SEDAR+ website at www.sedarplus.com. Although Odd Burger has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Odd Burger as of the date of this news release and, accordingly, is subject to change after such date. However, Odd Burger expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE Odd Burger Corporation
For investor inquiries, please reach out to Odd Burger investor relations at: [email protected]
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