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Organto Foods - OGOFF STOCK NEWS

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.

Rhea-AI Summary

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.

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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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Organto Foods Inc. (OGOFF) has applied for a Management Cease Trade Order to finalize its audited financial statements and MD&A for the financial year ended December 31, 2023. The delay is due to unexpected personnel changes in late 2023, with a target completion date of June 30, 2024. The company is not insolvent and will provide bi-weekly status reports until filings are complete.
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Organto Foods Inc. closes a private placement, selling 5,750,000 common shares at CDN $0.10 per share, generating proceeds of CDN $575,000. Steve Bromley, the Chair and Co-CEO, acquired 5,150,000 shares in the transaction. The private placement is considered a related party transaction. The company did not file a material change report 21 days before the closing due to last-minute details. Mr. Bromley's ownership increased to 18.40% of issued common shares post-transaction. The common shares are subject to a four-month hold period. The net proceeds will be used for critical working capital needs.
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Organto Foods Inc. arranges a private placement of 5,750,000 common shares at CDN $0.10 per share, generating proceeds of CDN $575,000. The transaction involves the Chair and Co-CEO, Steve Bromley, subscribing for 5,150,000 common shares. The Private Placement is considered a related party transaction under MI 61-101. Mr. Bromley's ownership in the company will increase significantly post-transaction. The closing is subject to TSX Venture Exchange approval, with the net proceeds intended for critical working capital needs.
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Organto Foods Inc. announces approval of amendments to reduce debt and increase equity. Debentureholders approve conversion of 50% of debentures into common shares at $0.30 per share. Remaining 50% to have extended maturity dates and deferred interest payments.
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Organto Foods Inc. (TSX-V:OGO)(OTCQB:OGOFF), a leading provider of organic and non-GMO fruit and vegetable products, announced plans to strengthen its balance sheet and continue its path to positive EBITDA in 2024. The company has experienced sustained growth over the past five years, growing sales from approximately $1.5 million in 2018 to approximately $28.0 million in 2023, representing five consecutive years of sales growth versus the prior year and nineteen consecutive quarters of sales growth, currency adjusted, versus the same quarter in the prior year. The company continues to see numerous growth opportunities as consumers focus on healthy eating and healthy living and is targeting continued growth driven by a combination of internal growth and acquisition. Organto continues to leverage its positioning in the organic foods value chain connecting growers around the world with premium markets, while at the same time having a positive ESG impact. The company is working with its existing convertible note and debenture holders to convert a portion of the existing Convertible Notes and Convertible Debentures into common shares of the Company, targeting to realize a significant reduction in convertible debenture debt on its balance sheet and a corresponding increase in equity of the Company. The company also plans to complete a $2.0 million private placement of common shares early in 2024, with current insiders and strategic investors indicating an interest to acquire approximately 75% of the equity to be issued.
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Organto Foods Inc. (OGO) provided an update on its common share private placement financing, raising a total of CDN $758,000 through the sale of 2,296,970 common shares at a price of CDN $0.33 per share. The company also secured further commitments for CDN $575,000 to be closed in further tranches. The proceeds will be used for funding growth initiatives and general working capital purposes.
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Organto Foods Inc. (TSXV:OGO)(OTCQB:OGOFF)(FSE:OGF) achieved the largest third quarter sales and gross profit in the company's history. Sales increased by 40% to $6,383,743 and gross profit increased by 230% to $549,982 in the third quarter of 2023. Year-to-date sales increased by 29% to $21,468,662 and gross profit increased by 87% to $1,960,030. The company aims to achieve positive EBITDA during fiscal 2024.
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Organto Foods Inc. (OGO) Expects Strong Sales and Gross Profit Improvement
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FAQ

What is the current stock price of Organto Foods (OGOFF)?

The current stock price of Organto Foods (OGOFF) is $0.105 as of March 28, 2025.

What is the market cap of Organto Foods (OGOFF)?

The market cap of Organto Foods (OGOFF) is approximately 2.9M.

What does Organto Foods Inc. specialize in?

Organto Foods Inc. specializes in providing organic and non-GMO fruit and vegetable products. Its offerings include branded lines, private label products, and bulk distributed produce designed for health-conscious consumers.

How does the Company generate revenue?

The Company generates revenue through multiple streams by leveraging an asset-light business model. These streams include sales from branded products, private label deals, and distribution agreements across international markets.

What is unique about Organto Foods’ business model?

Organto Foods uses a strategic asset-light model that minimizes operational overhead, allowing for flexibility and efficient scale-up. This model is reinforced by strong supply chain partnerships and a commitment to sustainable sourcing practices.

How does the Company ensure product quality?

Product quality is maintained through stringent controls at every stage. Organto Foods partners with certified organic growers and employs rigorous quality control mechanisms, ensuring that all products meet high standards for organic and non-GMO certification.

In which markets does Organto Foods operate?

The Company serves a global clientele that includes both retail and foodservice channels. Its operational framework targets established markets as well as emerging regions with growing demand for healthy, sustainable produce.

What are the key competitive advantages of Organto Foods?

Key competitive advantages include its integrated distribution model, commitment to sustainable practices, efficient asset-light operational approach, and strong supplier relationships. These factors collectively support its robust market positioning.

How does Organto Foods address sustainability?

Organto Foods incorporates sustainability into every aspect of its operations. This involves ethical sourcing, reducing environmental impact, and supporting community initiatives, ensuring that its business practices align with global sustainability standards.

What insights does Organto Foods offer investors?

Investors gain insights into a company focused on quality organic produce and operational efficiency. Its diverse revenue streams, strategic market positioning, and commitment to sustainability provide a compelling overview of its business model and market relevance.
Organto Foods

OTC:OGOFF

OGOFF Rankings

OGOFF Stock Data

2.88M
26.37M
23.44%
Food Distribution
Consumer Defensive
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Canada
Vancouver