12:40 PM EDT, 10/21/2024 (MT Newswires) -- Odd Burger ( ODDAF ) was last seen up 23% after the company on Monday said it is expecting to open three new franchise restaurant locations and a new franchised food truck within the next two months.

The company currently has 17 operating units in Canada including 10 franchise locations, a franchised mobile unit and six corporate restaurants.

The next location expected to open in Scarborough, Ont., with a second to open downtown Toronto by the end of November. Recently opened locations in Victoria, B.C. and Ottawa are reporting approximately $1 million in annualized revenue at both locations.

"This is a significant milestone and demonstrates the success the company is having at increasing its average unit volume," chief executive James McInnes said in a release. "We are excited to continue to build our brand and grow across Canada with our franchise model."

Odd Burger ( ODDAF ) shares were last seen up $0.045 to $0.245 on the TSX Venture Exchange

Price: 0.25, Change: +0.05, Percent Change: +22.50