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, a provider of organic and non-GMO fruit and vegetables, has updated the status of its management cease trade order (MCTO). Granted on May 1, 2024, by the British Columbia Securities Commission, the MCTO was extended to July 15, 2024, due to audit delays for the year ending December 31, 2023. The MCTO affects the trading activities of the CEO, former Co-CEO, and CFO but does not impact shareholder trading. Organto and its auditors are working to complete the filings promptly. The company has adhered to regulatory guidelines and confirmed no additional material changes or defaults.
Organto Foods has issued a bi-weekly update on the status of its delayed annual financial statements for the year ended December 31, 2023. The delay led to a management cease trade order (MCTO) granted by the British Columbia Securities Commission on May 1, 2024, preventing the company's Co-CEOs and CFO from trading until the filings are complete. Shareholders are not affected. Organto expects to finalize the filings by June 28, 2024, and will issue bi-weekly updates until then. Additionally, Rients van der Wal has resigned as Director and Co-CEO to pursue another career opportunity. Steve Bromley remains as Chair and CEO.
Organto Foods announced the sale of three European subsidiaries—Organto Europe, Fresh Organic Choice, and BeeOrganic—to an independent purchaser for 1 Euro. The transaction aims to streamline operations, improve financial stability, and enhance the company's path to profitability. These subsidiaries represented a net liability of $4.2 million as of March 31, 2024. NFG New Fruit Group GmbH will become Organto's key operating entity. An independent valuation by Evans & Evans concluded that the liabilities assumption by the purchaser provided fair proceeds to Organto. The sale supports Organto's strategy to focus on organic and non-GMO products while improving its balance sheet.
On May 29, 2024, Organto Foods, a key provider of organic and non-GMO fruits and vegetables, updated stakeholders on its delay in filing annual financial statements for the year ending December 31, 2023. The British Columbia Securities Commission granted a management cease trade order (MCTO) on May 1, 2024, barring the Co-CEOs and CFO from trading company securities until the filings are completed. This does not affect shareholder trading. Organto aims to finalize and file the documents by June 28, 2024, and will issue bi-weekly updates until then. The company confirms no material changes or insolvency issues since their initial announcement.
Organto Foods provides an update regarding the delay in filing its annual financial statements for the year ending December 31, 2023. The British Columbia Securities Commission granted a management cease trade order (MCTO) on May 1, 2024, which restricts the Company's executives from trading company securities until the filings are completed. This does not affect shareholder trading. Organto expects to finalize the filings by June 28, 2024, and will issue bi-weekly updates until compliance is achieved. The Company assures no material changes since the previous announcement.
Organto Foods Inc. (TSX-V:OGO)(OTCQB:OGOFF) has been granted a management cease trade order by the British Columbia Securities Commission, allowing investors to continue trading shares but restricting the company's Co-Chief Executive Officers and Chief Financial Officer from trading until the annual financial statements are filed. The delay in filing is due to personnel changes, with the company aiming to finalize the documents by June 28, 2024. Organto will follow alternative information guidelines until then, ensuring compliance with regulations.
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