Odd Burger Corporation (TSX-V:ODD, OTCQB:ODDAF) has announced that it is halting its US expansion plans to focus on its core Canadian market amid escalating trade tensions between Canada and the United States.
The London, Ontario-based vegan fast-food restaurant chain and food technology company said it would not be proceeding with its previously announced strategy to deal with tariffs and raise funds for its US expansion.
"Given the global tariff uncertainty, we are putting the brakes on our US expansion until pricing metrics can be formulated with certainty," Odd Burger CEO James McInnes said in a statement.
"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."
Investors welcomed the update, sending shares of Odd Burger 4.2% higher to C$0.25 on Monday morning.