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An update from Odd Burger Corporation ( (TSE:ODD) ) is now available.
Odd Burger Corporation has entered into an equity distribution agreement with Rockcliffe Capital to raise up to $2.5 million over 24 months, with an initial drawdown of $1.5 million. The funds will support growth initiatives, franchise development, retail distribution expansion, product development, and general working capital. The transaction involves a related party and is subject to TSXV approval, reflecting Odd Burger’s strategic efforts to enhance its market presence and operational capabilities.
Spark’s Take on TSE:ODD Stock
According to Spark, TipRanks’ AI Analyst, TSE:ODD is a Neutral.
The overall stock score is primarily impacted by the company’s weak financial performance, characterized by significant losses and financial instability. Technical analysis provides a neutral outlook, while valuation metrics indicate limited attractiveness due to negative earnings. The absence of earnings call data and corporate events further limits the assessment.
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 produces plant-based protein and dairy alternatives. Its products are distributed to its restaurant locations and sold at grocery retailers. The company operates smart kitchens with advanced cooking technology, focusing on healthier and sustainable fast food options. Odd Burger is listed on the TSX Venture Exchange and OTCPK.
Average Trading Volume: 23,282
Technical Sentiment Signal: Sell
Current Market Cap: C$17.72M
See more insights into ODD stock on TipRanks’ Stock Analysis page.