08:50 AM EDT, 03/10/2025 (MT Newswires) -- Odd Burger ( ODDAF ) , which is expanding its vegan fast-food restaurant chain in the U.S., on Monday said its strategy will involve sourcing ingredients from U.S. farmers and building its own manufacturing facility in the U.S.
The plan aims to mitigate the effects of current tariffs and provide a more resilient supply chain in the U.S.
"Our experience in Canada has shown that a vertically integrated, localized supply chain is key to controlling costs and maintaining high-quality food production," said James McInnes, CEO and Co-Founder of Odd Burger ( ODDAF ). "We are confident that by implementing this strategy in the U.S., we can expand quickly while keeping prices stable and offering the same level of excellence that our customers expect."
Odd Burger ( ODDAF ) also plans to raise $2 million through a private placement of units, to fund its U.S. expansion. The company will issue up to 6.7 million units at $0.30 each. Each unit consists of one share and a two-year warrant that can buy an additional share at $0.35.