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Odd Burger Corporation ( (TSE:ODD) ) has issued an update.
Odd Burger Corporation has announced a private placement with its CEO, James McInnes, involving the issuance of 8,311,110 common shares at $0.18 per share, generating gross proceeds of $1,496,000. This transaction, part of a previously announced Equity Distribution Agreement, aims to support Odd Burger’s growth initiatives, franchise development, retail distribution expansion, and product innovation, subject to TSXV approval.
Spark’s Take on TSE:ODD Stock
According to Spark, TipRanks’ AI Analyst, TSE:ODD is a Neutral.
Odd Burger Corporation’s overall stock score is primarily impacted by its poor financial performance, characterized by negative margins and high financial risk. Technical analysis provides a neutral outlook, while valuation metrics are unattractive due to negative earnings. The lack of earnings call and corporate events data limits additional insights.
To see Spark’s full report on TSE:ODD stock, click here.
More about Odd Burger Corporation
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 products are distributed to Odd Burger restaurant locations and sold at grocery retailers. The company operates smart kitchens with advanced cooking technology, focusing on healthier and sustainable fast food options.
Average Trading Volume: 19,169
Technical Sentiment Signal: Sell
Current Market Cap: C$17.72M
For a thorough assessment of ODD stock, go to TipRanks’ Stock Analysis page.