Odd Burger Corp (TSXV: ODD) this morning is reporting of the sudden departure of its chief financial officer, Ted Sehl.
Sehl has reportedly resigned from his role as a result of an “unexpected and severe medical event requiring surgery,” which will make him unable to perform his duties. He had served in the role since June 2021.
James McInnes, CEO of Odd Burger, will be taking on the role on an interim basis until a replacement is found.
READ: Odd Burger Walks From Proposed Acquisition Of Zoglo’s
The departure follows Odd Burger securing two separate lines of credit in the last two months for $250,000 each. The funding is anticipated to be used for the growth of a consumer-packaged goods line, franchise expansion, and general working capital. The vegan fast food chain in the most recent quarter reported sales of $860,020, and a net loss of $845,074.
Odd Burger last traded at $0.155 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
