Odd Burger Corporation

Odd Burger Corporation (known as Globally Local Technologies Inc.) is a vegan fast-food chain and a plant-based technology company. The startup explored vegan meal kits and introduced what is now known as the “Famous Burger” at a food festival in 2016, before launching Canada's first vegan fast-food restaurant in 2017. Odd Burger claims its products are minimal-ingredient, minimally processed, and made with ingredients such as chickpeas, oats, and wheat gluten. In February 2022 , Odd Burger launched its brand “Preposterous Food”, which offers a range of plant-based meat and dairy products that are distributed exclusively through the world's largest food services company, Sysco.

The fast-food chain offers a range of vegan products from burgers and chicken nuggets to salads, wraps, desserts, and beverages. As of February 2024, the company operated thirteen restaurants in Canada, with six more locations to be established soon. In October 2022 , the company launched franchising operations in the US through Delaware-based Odd Burger US.

In July 2023 , the company launched a new consumer packaged goods (CPG) line designed for retail sales channels. Produced by Preposterous Foods, the new range included Crispy ChickUn Fillet, Beefy Smash Burger, allergen-friendly Chickpea Burger, Breakfast Sausage, and ChickUn Pretenders.

Key customers and partnerships

In March 2022 , the startup signed an agreement with Sai-Ganesh Enterprises to expand to 36 new Canadian locations. The company signed a brokerage agreement with A.S Food Sales, in June 2023, to accelerate sales of its plant-based protein and sauce products in Canada. The partnership was aimed at offering food service customers such as hospitals, schools, and convenience stores, a range of plant-based proteins and sauces specifically designed for food service use.

Funding and financials

Odd Burger was listed on the TSX Venture Exchange, on the OTCQB, in October 2021 and the Frankfurt Stock Exchange in November 2021. 

In January 2023 , the company completed its first tranche of a non-brokered private placement raking in gross proceeds of USD 1.3 million. The net proceeds of this offering were to be used to establish a presence in the US and create a US operational team, expand to Europe, increase current production capacity while accelerating growth in Canada, and for working capital requirements. 

In June 2023 , the company announced plans to raise CAD 1.5 million (~USD 1.1 million) through a non-brokered private placement (offering). The proceeds were to be used to expand franchise operations in Canada, the US, and overseas, increase distribution of its food products, and for general working capital.