Odd Burger Signs Letter of Intent to Acquire Zoglo's Food Corp, a Leading Canadian Plant-Based CPG Brand
Odd Burger Signs Letter of Intent to Acquire Zoglo's Food Corp, a Leading Canadian Plant-Based CPG Brand
LONDON, ON / ACCESSWIRE / April 27, 2023 / Odd Burger Corporation ("Odd Burger" or the "Company") (TSXV:ODD)(OTCBQ:ODDAF)(FSE:IA9) is pleased to announce that it has signed a non-binding letter of intent ("LOI") with Zoglo's Food Corp. ("Zoglo's") (CNSX:ZOG) to acquire 100% of its issued and outstanding common shares and combine the businesses (the "Proposed Transaction").
倫敦，2023年4月27日/ACCESSWIRE/奇數漢堡公司(以下簡稱“奇漢堡”或“公司”)(多倫多證券交易所股票代碼：ODD)(場外交易市場代碼：ODDAF)(證券交易所股票代碼：IA9)欣喜地宣佈，它已與佐格羅食品公司(Zoglo‘s)(“Zoglo’s”)(CNSX：Zog)簽署了一份不具約束力的意向書(“意向書”)，收購其100%的已發行和已發行普通股併合並業務(“建議交易”)。
Zoglo's is a leader in the plant-based consumer packaged goods (CPG) industry in Canada with over 3000 distribution points across the country. Zoglo's products can be found at major retailers including Walmart Canada, Metro, Food Basics, Sobeys, IGA and FreshCo. The Zoglo's product line is extensive and includes non-GMO plant-based burgers, sausages, hot dogs, meat balls and chicken, with 12 SKUs currently being distributed to the Zoglo's retail base.
Zoglo‘s是加拿大以植物為基礎的消費品(CPG)行業的領先者，在全國擁有3000多個分銷點。Zoglo的產品在包括沃爾瑪加拿大公司、麥德龍公司、Food Basics公司、Sobeys公司、IGA公司和FreshCo公司在內的主要零售商都可以找到。Zoglo的產品線很廣泛，包括非轉基因植物漢堡、香腸、熱狗、肉丸和雞肉，目前有12個SKU分發給Zoglo的零售基地。
With a successful acquisition, Odd Burger expects to gain access to Zoglo's' food manufacturing network in both North America and Europe, which may provide significant benefits to Odd Burger as it scales its operations internationally. Furthermore, Odd Burger plans to launch some of its own branded products into retail which is expected to be facilitated through the acquisition with Zoglo's. Odd Burger would also provide Zoglo's with access to its food service channels, which may provide a new revenue stream for Zoglo's.
收購成功後，奇數漢堡預計將獲得Zoglo在北美和歐洲的食品製造網路，這可能會在奇數漢堡擴大其國際業務時為其帶來重大好處。此外，Odd Burger計劃將自己的一些品牌產品投放到零售市場，預計收購Zoglo‘s將為其提供便利。Odd Burger還將為Zoglo’s提供其食品服務渠道，這可能為Zoglo‘s提供新的收入來源。
"This acquisition provides growth potential for both of our companies," says James McInnes, CEO and Co-Founder of Odd Burger. "The retail distribution that Zoglo's has is nearly unmatched in the plant-based retail space in Canada and I believe that we can leverage this distribution to both monetize our own products and also make Zoglo's products even more successful in their category."
Odd Burger首席執行官兼聯合創始人詹姆斯·麥金尼斯表示：“此次收購為我們兩家公司提供了增長潛力。”Zoglo‘s的零售分銷在加拿大的植物零售領域幾乎是無與倫比的，我相信我們可以利用這種分銷來使我們自己的產品貨幣化，並使Zoglo的產品在同類產品中更加成功。“
"We are thrilled to announce our intention to join forces with Odd Burger Corporation, a company that shares our passion for plant-based foods and sustainable business practices." says Val Jedras, CEO of Zoglo's. "With over 25 years of experience in the Canadian plant-based consumer packaged goods industry, we have built a strong brand and loyal customer base. By combining our resources and expertise with Odd Burger, we believe we can accelerate our growth and expand our reach both domestically and internationally. We are excited about the potential of this partnership and look forward to working closely with the Odd Burger team to bring delicious and nutritious plant-based products to more consumers around the world."
我們很高興地宣佈，我們打算與奇數漢堡公司聯手，這是一家與我們一樣熱愛植物性食品和可持續商業實踐的公司。“Zoglo‘s的首席執行官瓦爾·傑德拉斯說。憑藉在加拿大植物性包裝消費品行業超過25年的經驗，我們已經建立了強大的品牌和忠誠的客戶基礎。通過將我們的資源和專業知識與奇數漢堡結合起來，我們相信我們可以加快增長，擴大我們在國內和國際的覆蓋範圍。我們對這一合作夥伴關係的潛力感到興奮，並期待著與奇數漢堡團隊密切合作，將美味和營養的植物性產品帶給世界各地的更多消費者。
Pursuant to the terms of the LOI, the companies will work to enter into a definitive acquisition agreement. The proposed transaction is subject to the satisfaction of certain conditions precedent and compliance with applicable TSXV policies.
根據意向書的條款，兩家公司將努力達成最終的收購協定。擬議的交易取決於滿足某些先決條件和遵守適用的TSXV政策。
Upon completion of the Proposed Transaction, the former Zoglo's Shareholders will hold approximately 25% of the Odd Burger Shares and the Odd Burger Shareholders will hold approximately 75% of the Odd Burger Shares (without giving effect to any other issuances).
建議的交易完成後，前佐格羅的股東將持有奇數漢堡約25%的股份，奇數漢堡的股東將持有約75%的奇數漢堡股份(不影響任何其他發行)。
All Odd Burger Shares issued pursuant to the Proposed Transaction will be freely tradable under applicable Canadian securities legislation but may be subject to TSXV imposed restriction on resale. In addition, certain Odd Burger Shares issued in the United States to or for the benefit of U.S. Persons (as such term is defined under Regulation S of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") will be "restricted securities" within the meaning of Rule 144(a)(3) of the U.S. Securities Act.
根據擬議交易發行的所有奇數漢堡股票將可以根據適用的加拿大證券法自由交易，但可能受到多倫多證券交易所對轉售施加的限制。此外，在美國發行給美國人或為美國人的利益而發行的某些奇數漢堡股票(此術語為)將是美國證券法第144(A)(3)條所指的“受限證券”。
For any questions, please contact Zoglo's at info@zoglos.com.
如有任何問題，請與Zoglo‘s聯繫郵箱：Info@zoglos.com。
About Odd Burger Corporation
關於奇德漢堡公司
Odd Burger Corporation is a chain of company-owned and franchised vegan fast-food restaurants as well as a food technology company that manufactures and distributes a proprietary line of plant-based protein and dairy alternatives to its locations. 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. 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
ODD Burger Corporation是一家公司所有和特許經營的素食速食店連鎖店，也是一家食品技術公司，生產和分銷一系列專有的植物性蛋白質和乳製品替代品。ODD漢堡餐廳作為智慧廚房運營，使用最先進的烹飪技術和自動化解決方案，為渴望更健康、更可持續的速食的顧客提供美味的食物體驗。憑藉針對送貨和外賣進行優化的小型門店面積、先進的烹飪技術、具有競爭力的定價、垂直整合的供應鏈以及更健康的食材，奇數漢堡正在通過創造無負罪感的速食來徹底改變速食業。ODD Burger Corporation在多倫多證券交易所創業板交易，交易代碼為ODD，在OTCQB交易，交易代碼為ODDAF。有關更多資訊，請訪問
About Zoglo's Food Corp.:
關於Zoglo‘s Food Corp.：
Zoglo's Food Corp. is a publicly-traded plant-based food company that offers nutrient-rich, plant-based appetizers, veggies, and meat substitutes to fulfill consumers' needs for all occasions and cooking requirements. Zoglo's wholly-owned subsidiary, Zoglo's Food Inc., currently offers 12 innovative products for the mainstream market through its new Zoglo's Black Box product line. Over the past 25 years, Zoglo's products have been distributed in over 3,000 retail stores across Canada including Walmart, Shoppers Drug Mart, Sobeys, and Loblaws, and have representation in the United States and Europe. Zoglo's trades on the Canadian Securities Exchange under the ticker: ZOG and the Frankfurt Stock Exchange under the ticker: 7UT."
Zoglo‘s Food Corp.是一家公開上市的植物性食品公司，提供營養豐富的植物性開胃菜、蔬菜和肉類替代品，以滿足消費者在所有場合和烹飪要求的需求。Zoglo的全資子公司Zoglo‘s Food Inc.目前通過其新的Zoglo’s Black Box產品線向主流市場提供12種創新產品。在過去的25年裡，Zoglo的產品在加拿大各地的3000多家零售店分銷，包括沃爾瑪、Shoppers PharmMart、Sobeys和Loblaws，並在美國和歐洲設有代表處。Zoglo公司在加拿大證券交易所的股票代碼是：Zog，法蘭克福證券交易所的股票代碼是：7UT。
Warnings
警告
All information contained in this news release with respect to Odd Burger and Zoglo's was supplied by the parties, respectively, for inclusion herein, and Odd Burger and its directors and officers have relied on Zoglo's for any information concerning such party.
本新聞稿中包含的關於奇德漢堡和佐格羅的所有資訊分別由各方提供，以供在此包括在內，奇漢堡及其董事和官員依賴佐格洛的提供有關該政黨的任何資訊。
Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and Zoglo's shareholder approval. Where applicable, the Proposed Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.
擬議交易的完成取決於許多條件，包括但不限於，TSXV的接受和佐格羅的股東批准。在適用的情況下，在獲得所需的股東批准之前，擬議的交易不能完成。不能保證擬議的交易將按提議的那樣完成，或者根本不能保證。
Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.
請投資者注意，除非在與交易相關的管理資訊通函中披露，否則發佈或收到的有關交易的任何資訊都可能不準確或不完整，不應依賴。
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
聯交所沒有以任何方式傳遞擬議交易的優點，也沒有批准，也沒有反對本新聞稿的內容。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
This news release contains forward-looking statements relating to the timing and completion of the Proposed Transaction, the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Proposed Transaction and the future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions to completion of the Proposed Transaction set forth above and other risks detailed from time to time in the filings made by the Company with securities regulations.
本新聞稿包含與提議的交易的時間和完成、公司的未來運營有關的前瞻性陳述，以及其他非歷史事實的陳述。前瞻性陳述通常由“將”、“可能”、“應該”、“預期”、“預期”()、“預期”和類似的表達方式來識別。本新聞稿中包含的除歷史事實陳述外的所有陳述，包括但不限於有關擬議交易和公司未來計劃和目標的陳述，均為前瞻性陳述，涉及風險和不確定性。不能保證這些陳述將被證明是準確的，實際結果和未來事件可能與此類陳述中預期的大不相同。可能導致實際結果與公司預期大相徑庭的重要因素包括未能滿足完成上述擬議交易的條件，以及公司根據證券法規不時提交的檔案中詳細說明的其他風險。
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that the Proposed Transaction will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
提醒讀者，在準備任何前瞻性資訊時使用的假設可能被證明是不正確的()。事件或情況可能會導致實際結果與預測的結果大不相同，這是由於許多已知和未知的風險、不確定性和其他因素造成的，其中許多是公司無法控制的。因此，本公司不能保證建議的交易將在本文披露的條款和時間內完成或完全完成。告誡讀者不要過度依賴任何前瞻性資訊。這些資訊，雖然在準備時被管理層認為是合理的，但可能被證明是不正確的，的實際結果可能與預期的大不相同。本新聞稿中包含的前瞻性陳述明確受此警告性聲明的限制。本新聞稿中包含的前瞻性陳述是在本新聞稿發佈之日作出的，公司將按照加拿大證券法的明確要求更新或修改任何包含的前瞻性陳述。
SOURCE: Zoglo's Food Corp.
資料來源：佐格羅食品公司
譯文內容由第三人軟體翻譯。