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Oragin Foods Inc. (OGGFF) is a leading food company specializing in organic and natural products. They are committed to providing high-quality, nutritious food options to consumers worldwide. With a focus on sustainability and ethical sourcing, Oragin Foods has seen significant growth in recent years. Their diverse product line includes snacks, beverages, and pantry staples, all made with the finest ingredients. In addition to their retail offerings, Oragin Foods also partners with restaurants and food service providers to bring their products to a wider audience. The company's strong financial position and strategic partnerships position them for continued success in the food industry.
ORAGIN Foods Inc. (TSXV: OG, OTC: OGGFF) has received a cease trade order (CTO) from the Ontario Securities Commission due to its failure to file interim financial results by the December 30, 2022 deadline. Despite the CTO, both the Retail and Consumer Packaged Goods (CPG) divisions are operating normally, with ongoing plans for product testing and development. The company is in the final testing phase with a US co-packer and anticipates launching new products in the US market this year. ORAGIN Foods intends to file its overdue Interim Filings shortly to revoke the CTO and resume trading on the TSX Venture Exchange.
ORAGIN Foods Inc. announced the resignation of its part-time CFO and is currently managing the transitional period until a new CFO is appointed. The Company is focused on maintaining operational continuity in its retail and CPG divisions, which are functioning with sufficient cash reserves. The resignation follows challenges related to the renewal of the Company's Directors & Officers Indemnity Insurance, which led to previous resignations of independent directors. Matt Lurie continues as the sole director and officer, emphasizing the Company's commitment to future growth.
ORAGIN Foods Inc. has announced the resignation of its four independent directors, amid ongoing issues concerning its outstanding unsecured convertible debentures. Despite attempts to negotiate with the debenture holders since their maturity on October 25, 2022, no agreement has been reached. The Company’s retail and CPG divisions continue to operate without interruption, and it asserts it has sufficient cash on hand. However, it faces the potential suspension of its TSX Venture Exchange listing due to the lack of a minimum three directors on its board.
Oragin Foods Inc. (TSXV: OG, OTC: OGGFF) has received Notices of Default from holders of its convertible debentures issued on October 25, 2019, which matured on October 25, 2022. The Company has a 10-day Cure Period to remedy the default, expiring on November 10, 2022. Oragin intends to engage in discussions with the Holders and explore repayment options for the Debentures. The holders are unsecured creditors, which may pose risks to the Company.
ORAGIN Foods Inc. (TSXV: OG, OTC: OGGFF) reported a net loss of
Oragin Foods Inc. (TSXV: OG; OTC: OGGFF) announced the issuance of 647,728 common shares to settle accrued interest of $71,250 on convertible debentures due between May 1 and July 31, 2022. The shares will be priced at $0.11 each and are subject to a four-month hold period, pending TSX Venture Exchange approval. This was part of a private placement from October 25, 2019. Oragin is a Canadian multi-pronged food company focusing on developing innovative food brands and retail operations, including Organic Garage.
Oragin Foods Inc. (TSXV: OG, OTCQX: OGGFF) reported its financial results for Q1 ending April 30, 2022, showing a net loss of
Oragin Foods Inc. has ended its engagement with Octagon Media Corp., effective June 10, 2022. The Company paid $172,500 in fees for consulting and marketing services during the engagement period. President and CEO Matt Lurie emphasized the importance of effective communication with existing and potential shareholders. Oragin Foods continues to focus on marketing opportunities to enhance brand awareness as it grows its retail and Consumer Packaged Goods divisions.
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