Welcome to our dedicated page for Organto Foods news (Ticker: OGOFF), a resource for investors and traders seeking the latest updates and insights on Organto Foods stock.
Organto Foods Inc. (OGOFF) delivers organic and non-GMO produce through an innovative asset-light model, serving global markets with sustainable practices. This news hub provides investors and industry stakeholders with authoritative updates on the company's strategic developments and market position.
Access comprehensive coverage of earnings reports, supply chain expansions, product launches, and sustainability initiatives. Our curated collection includes official press releases, regulatory filings, and market analyses relevant to OGOFF's operations in the organic food sector.
Stay informed about critical updates including financial performance metrics, partnership announcements with certified growers, and innovations in sustainable packaging. The resource serves both retail investors seeking dividend insights and analysts tracking organic market trends.
Bookmark this page for real-time updates on OGOFF's progress in strengthening its distribution networks and advancing environmental stewardship. Verify all information through primary sources linked within each news item.
Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) has announced multiple investor relations initiatives and stock option grants. The company has entered into an agreement with 12538938 Canada Inc., controlled by director Peter Damouni, for strategic communication services at C$7,500 monthly until March 31, 2026. The agreement includes 700,000 stock options at $0.20 per share.
Additionally, Organto has granted 3,850,000 stock options to directors, officers, and employees at $0.20 per share, expiring April 17, 2029. The company has also engaged Atrium Research for issuer-paid research services at C$3,000 monthly for 12 months to produce research reports based on public information.
Organto Foods Inc. (OTC:OGOFF) has successfully closed its previously announced private placement, raising C$5,309,991 through the issuance of 53,099,910 common shares at C$0.10 per share. The company also settled outstanding debt of C$2,243,300 by issuing 22,432,990 shares.
Additionally, Organto amended its convertible notes totaling approximately C$2,543,350 plus unpaid interest. Key amendments include: extending maturity dates by 1-2 years, reducing the conversion price from C$3.00 to C$0.60, and lowering the acceleration price from C$4.50 to C$0.90. Interest payments were settled through issuing 1,695,568 shares at C$0.30 per share.
Company insiders participated in these transactions, acquiring approximately 4.8% of private placement shares, 1.7% of debt settlement shares, and 4.0% of convertible note settlement shares. Finder's fees of C$255,568 were paid, primarily through share issuance.
Organto Foods Inc. (TSX-V:OGO)(OTC PINK:OGOFF) has announced an increase in its non-brokered private placement from C$5,000,000 to C$5,500,000. The company plans to issue up to 55,000,000 common shares at $0.10 per share.
Upon completion and combined with ongoing debt restructuring, the total outstanding shares will reach approximately 155,000,000. The proceeds will be used for short-term loan repayment and working capital. The company may pay finders' fees in cash, shares, or both.
Additionally, Organto has granted 1,300,000 stock options to officers and directors at $0.12 per share with a five-year term, and 150,000 restricted stock units with a three-year term to certain directors.
Organto Foods Inc. (TSXV:OGO)(OTC:OGOFF) has announced major debt restructuring initiatives and a C$5M private placement financing. The company plans to:
- Issue shares at $0.10 to settle C$1.97M in Promissory Notes (12% interest)
- Modify C$2.54M Convertible Notes terms, including extending maturity dates and reducing conversion price to $0.60
- Restructure C$8.05M Debentures by issuing shares at $0.20 with 18-month trading restrictions
- Raise up to C$5M through private placement of 50M shares at $0.10 each
Additionally, the company will settle approximately C$280,000 in debt through share issuance and pay restructuring fees to Jaluca Upon completion, Organto expects to have approximately 150M shares outstanding. All transactions remain subject to TSX Venture Exchange approval.
Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) has provided an update on its strategic plans following the revocation of the British Columbia Securities Commission's failure-to-file cease trade order and subsequent trading reinstatement on the TSX Venture Exchange.
The company has undergone significant restructuring throughout 2024-2025, including streamlining its product portfolio and re-engineering its operating platform. As of January 31, 2025, Organto's outstanding debts include:
- C$1.9 million in promissory notes (12% interest)
- C$2.6 million in convertible notes (10% interest)
- C$8.05 million in convertible debentures (8% interest)
- C$7.4 million in accounts payable
The company is currently in default on its Convertible Notes and Debentures payments. Antares Capital Management has acquired over 67% of outstanding Debentures and is in discussions with Organto regarding restructuring. The company plans to conduct equity financings for working capital and has retained Jaluca as a restructuring advisor.
Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) held its annual general meeting with approximately 30.1% of eligible shareholders participating, representing 10,337,706 common shares. All matters received over 99% support from voting shareholders.
Key meeting outcomes include:
- Election of five directors: Steve Bromley, Peter Damouni, Peter Gianulis, Alejandro Maldonado and Joe Riz, with 80% being independent directors
- Approval of Dale Matheson Carr-Hilton Labonte LLP as the company's independent auditor
- Approval of the Company's Share Option and Restricted Share Unit Plans until the next annual general meeting
Shareholders also received the financial statements for the years ended December 31, 2023 and 2022, along with the auditor's report.
Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF) announced that Antares Capital Management has acquired over 67% of the company's outstanding 5-year, 8.0% convertible unsecured subordinated debentures, with an aggregate face value of $8,050,000. These debentures are due November 30, 2026.
Under the trust indenture terms, Antares must extend the same purchase offer to all remaining debenture holders. Organto will coordinate with Computershare Trust Company of Canada to facilitate this offer. The company has also agreed to discuss potential restructuring of the debentures' terms with Antares.
CEO Steve Bromley expressed appreciation for Antares' transparency and willingness to explore potential debenture restructuring options that would benefit all stakeholders.
Organto Foods Inc. (TSX-V:OGO)(OTC PINK:OGOFF) has announced the resumption of trading of its common shares on the TSX Venture Exchange, effective March 12, 2025. The company's stock will return to trading after completing all necessary requirements for reinstatement.
According to Chair and CEO Steve Bromley, despite the absence of a liquid market for several months, the company has focused on turning around its business operations, as detailed in their March 7, 2025 news release. With the completion of financial and related filings, Organto plans to recapitalize the company to strengthen its position and build on current business momentum.
Organto Foods Inc. (TSX-V:OGO)(OTC:OGOFF) announces the reinstatement of trading on the TSX Venture Exchange following the resolution of a Failure-to-File Cease Trade Order (FFCTO). The FFCTO, issued on July 16, 2024, was due to delayed financial statements filing and was revoked on January 2, 2025.
The company reports a significant working capital deficiency of $14,478,925 as of September 30, 2024, primarily consisting of convertible debentures ($10,641,350) and associated interest ($1,621,531). To address this, Organto plans to restructure convertible debt, settle existing debts via share issuance, and complete a private placement.
In 2024-2025, the company has undergone operational restructuring, including streamlining its product portfolio and selling three European subsidiaries to reduce costs. The company also received related party loans from CEO Steve Bromley (USD $355,000) and COO Bob Kouw (CDN $33,000), with Bromley's advances applied to an April 2024 private placement.
Organto Foods (TSXV:OGO)(OTC PINK:OGOFF) announces the full revocation of a Failure to File Cease Trade Order (FFCTO) by the British Columbia Securities Commission (BCSC), effective January 2, 2025. The FFCTO was initially issued on July 16, 2024, due to the company's failure to file required financial statements and related documents for fiscal year 2023 and Q1 2024.
The company has since submitted the required filings on October 9 and October 24, 2024, which are now available on SEDAR+. Organto has submitted an application to the TSX Venture Exchange to reinstate trading of its common shares.
