Odd Burger Halts U.S. Expansion Plans

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Odd Burger Halts U.S. Expansion Plans

, MT Newswires - 12:32 PM ET 3/24/2025 default

12:32 PM EDT, 03/24/2025 (MT Newswires) -- Odd Burger ( ODDAF ) a vegan fast-food restaurant chain, on Monday said it is putting its U.S. expansion plans on hold, due to "escalating" political tensions between Canada and the United States.

Two weeks ago, Odd Burger ( ODDAF ) announced a strategy to deal with tariffs and raise capital for its U.S. expansion. It now plans to use the capital to invest in its Canadian manufacturing and franchise operations, the statement said.

"Given the global tariff uncertainty, we are putting the brakes on our U.S. expansion until pricing metrics can be formulated with certainty," chief executive James McInnes said. "We are also seeing increased demand for our products in Canada, and as a Canadian company, we want to make sure that we focus on our core market at this time."

The company's shares were last seen up $0.01 to $0.25 on the TSX Venture Exchange.

Price: 0.25, Change: +0.01, Percent Change: +4.17

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