LONDON, ON, Jan. 31, 2024 /CNW/ - Odd Burger Corporation ("Odd Burger" or the "Company") (TSXV: ODD) (OTCQB: ODDAF) (FSE: IA9) announces that its principal regulator, the Ontario Securities Commission, has granted the Company an extension for its annual fillings and has granted the Company its request for a management cease trade order (the "MCTO").

As previously announced on January 15, 2024 (the "Announcement"), the Company applied for the MCTO due to an expected delay in the filing of the audited consolidated financial statements for the year ended September 30, 2023, annual management's discussion and analysis for the same period and management certifications of annual filings (collectively, the "Filings").

The MCTO restricts the Company's management from all trading in securities of the Company until such time as the Filings have been filed by the Company and the MCTO is no longer in effect. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. Odd Burger and its auditor continue to work diligently toward completing the Filings as soon as possible with the goal of filing the Filings by February 29, 2024.

The Company confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the "alternative information guidelines" under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") and issue bi-weekly default status reports for so long as the delay in filing the Filings continues, each of which will be issued in the form of a news release; (iii) there has not been any other specified default by the Company under NP 12-203; (iv) the Company is not subject to any insolvency proceedings; and (v) there is no material information concerning the affairs of the Company that has not been generally disclosed.

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 ‎filing of the Filings, including the timing for the filing of the Filings. ‎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 Filings in the noted timeframe. 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.