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.
Company Overview
Organto Foods Inc. (OGOFF) is an integrated provider of organic and non-GMO fruit and vegetable products. Operating with a strategic asset-light business model, the Company offers a diverse range of branded, private label, and bulk distributed products that cater to a growing base of health-conscious and socially responsible consumers around the globe. By leveraging its efficient supply chain and sustainable business practices, Organto Foods has carved a niche in the organic produce market with a focus on quality, safety, and environmental stewardship.
Business Model & Operations
The core of Organto Foods’ business model is its integrated approach to sourcing, branding, and distributing organic and non-GMO fruit and vegetable products. The Company utilizes an asset-light strategy that minimizes overhead while maximizing market reach. This operational model enables flexibility in handling market dynamics and shifts in consumer preference. By prioritizing partnerships with certified organic growers and maintaining rigorous quality control, Organto Foods ensures a consistent supply of premium produce for both retail and foodservice channels.
Market Position & Competitive Edge
In the competitive landscape of the global organic foods industry, Organto Foods sets itself apart through its commitment to sustainable practices and a customer-centric focus on health and quality. Organic produce and non-GMO standards are at the forefront of its operations, with processes designed to meet high industry benchmarks. The Company has established significant supply relationships and a robust distribution network that supports its positioning in both established and emerging markets. Its integrated and asset-light approach allows for agile responses to market trends and changing consumer demands, further enhancing its competitive advantages.
Sustainability & Corporate Responsibility
Organto Foods is driven by a strong commitment to sustainability and environmental responsibility. The Company’s operations are rooted in practices that support community engagement, ethical sourcing, and minimal environmental impact. This dedication not only reinforces its corporate governance standards but also aligns closely with the values of a global consumer base increasingly focused on health and the environment.
Operational Excellence & Strategic Initiatives
Operational excellence is achieved through a meticulously managed supply chain and efficient internal reorganization efforts. The Company continuously refines its product portfolio and streamlines operational processes to deliver quality products and optimize cost structures. These initiatives, coupled with its strategic focus on high-quality organic and non-GMO offerings, underscore Organto Foods’ expertise in creating value through operational efficiency and market responsiveness.
Understanding the Value Proposition
For investors and market analysts, Organto Foods represents an entity that integrates quality, sustainability, and operational efficiency. Its business operations demonstrate a clear focus on maintaining premium standards, reinforcing its position within the organic foods industry. The Company’s diversified approach through branded and private label products creates multiple revenue streams and positions it well within a competitive, health-enabled market segment.
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.
Organto Foods announced the immediate resignation of Director Jeremy Kendall due to personal circumstances. Kendall, who joined the board in February 2021, was recognized by Chair and CEO Steve Bromley for his dedication, passion for organic foods, and industry experience during the company's recent repositioning. Following Kendall's departure, the Board now consists of six directors, with five being independent and one being a company officer.
Organto Foods reported Q3 2024 financial results showing significant improvements. Sales increased 47% to $5.2 million, with gross profit rising 63% to $0.6 million (11.8% of sales). The company's restructuring efforts, including streamlined product portfolio and marketing strategy, yielded positive results. Q3 loss narrowed to $0.8 million from $1.6 million year-over-year. Year-to-date sales grew 31% to $14.3 million, with gross profit at $1.2 million. The company recorded a $2.6 million gain from selling three Dutch subsidiaries and continues to focus on restructuring convertible debenture obligations for improved operational flexibility.
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