Odor-based Molecular Communication (OMC) employs odor molecules to convey information, contributing to the realization of the Internet of Everything (IoE) vision. Despite this, the practical deployment of OMC systems is currently limited by the lack of comprehensive channel models that accurately characterize particle propagation in diverse environments. While existing literature explores various aspects of molecular transport, a holistic approach that integrates theoretical modeling with experimental validation for bounded channels remains underdeveloped. In this paper, we address this gap by proposing mathematical frameworks for both bounded and unbounded OMC channels. To verify the accuracy of the proposed models, we develop a novel experimental testbed and conduct an extensive performance analysis. Our results demonstrate a strong correlation between the theoretical derivations and experimental data, providing a robust foundation for the design and analysis of future end-to-end OMC systems.