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Oragin Foods Inc. (OGGFF) delivers organic and sustainable food solutions in a rapidly evolving market. This news hub provides investors and stakeholders with official announcements, financial updates, and strategic developments directly from the company.
Access timely information on earnings reports, product innovations, supply chain initiatives, and sustainability commitments. Our curated collection ensures you stay informed about Oragin Foods' market position in the organic sector without promotional bias.
Key updates including quarterly financial results, partnership announcements, retail expansions, and environmental stewardship programs. Bookmark this page for verified information from press releases and trusted sources, maintained for accuracy and relevance.
Oragin Foods Inc. (TSXV: OG, OTCQX: OGGFF) announced the issuance of 365,386 common shares to settle $71,250 in accrued interest on its convertible debentures, originally completed on October 25, 2019. The shares will be priced at $0.195 each and are subject to a four-month hold period. This transaction awaits approval from the TSX Venture Exchange (TSXV). Oragin operates in the food sector, focusing on innovative food and beverage brands and retailing through its Organic Garage outlet.
Oragin Foods Inc. (OTCQX: OGGFF) reported its financial results for Q4 and the year ending January 31, 2022. The Company faced an 18.5% decline in Q4 sales, down to $6.0 million, primarily due to renovations at its Organic Garage store and COVID-19 lockdown impacts. The net loss for the quarter was $882,093, up from $133,202 in the previous year. For the year, sales decreased 15% to $25.7 million, with a net loss of $2,986,786. Despite these challenges, gross profit margins improved, indicating operational efficiencies amid ongoing strategic initiatives.
Oragin Foods Inc. announces that its subsidiary, Future of Cheese, has gone viral on TikTok with over 300,000 views on its Plant-Based Ripened Brie. The viral success is linked to increasing demand for its sustainable, dairy-free products among retailers and consumers. Jen Wojtaszek, President of Future of Cheese, emphasizes the trend highlights consumer interest in plant-based alternatives. The company remains poised to grow in the expanding plant-based dairy market, bringing innovative products to consumers.
Oragin Foods Inc. (OTCQX: OGGFF) announced that President Matt Lurie will present at the NEXT SUPER STOCK Live! event on April 12, 2022, focusing on the plant-based food brand Future of Cheese and its FDA clearance. This event targets individual and institutional investors, offering insights into the company’s growth strategy. Future of Cheese aims to disrupt the plant-based dairy market through innovative products and established distribution networks. The presentation will be available for replay after the livestream.
Oragin Foods Inc. (OTCQX: OGGFF) announced its subsidiary, Future of Cheese, has achieved FDA registration, enabling it to produce and sell products in the U.S. market. This milestone is pivotal for fulfilling increasing demand, especially after the successful launch of its plant-based Brie. The company also granted 100,000 stock options to director Michael Lovsin, who will play a more active role in operations. This strategic move aligns with the company's goal to leverage its e-commerce platform for North American sales.
Oragin Foods Inc. has appointed Matthew Merson to its Advisory Board to enhance its Consumer Packaged Goods (CPG) division, including the plant-based dairy brand Future of Cheese. Merson, with over 30 years in the food and beverage sector, has previously led initiatives resulting in over $4 Billion in mergers and acquisitions. His experience is expected to support Oragin's expansion into the U.S. and international markets. The company is focusing on rapid growth in the CPG sector, particularly within plant-based dairy.
Oragin Foods Inc. has provided an update on its business initiatives, assuring shareholders of ongoing progress despite global events. The company is onboarding experienced personnel to enhance US operations and expand its plant-based product portfolio. With a cash balance exceeding $2 million, Oragin plans to grow its Consumer Packaged Goods (CPG) division and retail presence through Organic Garage. Notably, sales for the Future of Cheese product line increased by 230% quarter-over-quarter, signaling strong market interest and potential expansion in the US market.
Oragin Foods Inc. (formerly Organic Garage Ltd.) announced the issuance of 237,500 common shares to settle $71,250 in interest accrued from its convertible debentures issued on October 25, 2019. The shares will be priced at $0.30 each and are subject to TSX Venture Exchange approval, along with a four-month statutory hold period. This action aligns with the terms of the debentures, allowing interest payments to be made via common share issuances based on market price at conversion.
