ORGANTO FOODS INC - OGOFF STOCK NEWS

Organto Foods Inc. reported record third quarter revenues of $4,298,282, a 57% increase year-over-year, marking the largest in the company's history. Gross profit reached $529,018, or 12.3% of revenues, up 85% from the previous year. Despite global logistics challenges, the company achieved nine consecutive quarters of revenue growth. However, net loss for the quarter was $1,948,165, compared to $509,967 the previous year, largely due to increased operational costs and a non-cash loss related to debt settlement.

Organto Foods Inc. has finalized agreements to acquire the operating assets of Zimbabwe Marketing Services (ZMS), enhancing its sourcing capabilities for organic and non-GMO produce from African regions. With annual revenues of approximately CDN $2.0 million, this acquisition is expected to be immediately EBITDA accretive. The deal includes customer and supplier relationships, along with trademark applications for the Awesome and Rawsome Fruits brands. The transaction awaits acceptance from the TSX Venture Exchange and aligns with Organto's strategic growth objectives.

Organto Foods Inc. (OTC PINK:OGOFF) announced an extension of its I AM Organic branded products with the addition of nine new fresh cut organic herbs, now available through Gorillas, Europe's fast-growing grocery delivery service. This development leverages the capabilities of Fresh Organic Choice, acquired in January 2021, to enhance Organto's product portfolio. The listing aims to meet consumer demand for high-quality, convenient organic products, supported by digital product passport technology. Organto's strategy focuses on building its brand while maintaining a sustainable and transparent supply chain.

Organto Foods Inc. has successfully acquired Beeorganic B.V. for €600,000 in cash and 1,579,670 common shares, expanding its presence in the organic banana market. This strategic move is expected to enhance Organto's product portfolio and is projected to be immediately EBITDA accretive. Beeorganic, with annual revenues of approximately CDN $6 million, operates under an asset-light business model. The acquisition aims to leverage digital passport technology for growth, with multiple market opportunities across various consumption channels. The transaction is pending acceptance by the TSX Venture Exchange.

Organto Foods Inc. announced an expansion of its I AM Organic product line with NS Stations, adding organic bananas to retail formats. This addition increases Organto's presence by 130 points of sale across the Netherlands' train stations. The bananas are sourced sustainably and sold year-round, accompanied by a digital product passport for transparency. Co-CEO Rients van der Wal expressed excitement over the partnership, focusing on convenience and sustainability. NS Stations aims to offer healthy products, aligning with Organto's mission of accessible organic options.

Organto Foods has launched its organic fresh cut fruits at Julia's, a convenience store in Dutch train stations, aiming to cater to health-conscious commuters. The fruit offerings include organic red apples, white grapes, and blueberries in recyclable packaging. This initiative enhances the company's commitment to sustainability and transparency through digital product passports. Furthermore, Organto clarified its planned acquisition of Beeorganic B.V., correcting the transaction value to €400,000 for shares. The company also granted stock options totaling 300,000 with a five-year term.

Organto Foods Inc. has signed a Letter of Intent to acquire Beeorganic B.V., a Dutch supplier of fairtrade organic bananas, for €900,000 in cash and shares. This acquisition aims to enhance Organto's portfolio of organic fruits and vegetables, leveraging Beeorganic's expertise and assets. Beeorganic expects revenues of approximately CDN $6.0 million with positive EBITDA margins. The deal is considered EBITDA accretive and will facilitate growth in the banana category, aligning with Organto's strategy of internal growth and acquisitions.

Organto Foods Inc. has partnered with Gorillas, listing their I AM Organic branded products in the Netherlands and Belgium. This partnership aims to enhance access to organic fruits and vegetables through rapid delivery methods, promoting sustainability and reducing food waste. The initial product range includes organic bananas, assorted fresh cut fruits, and green asparagus, with plans for expansion across other Gorillas-active countries. The collaboration aligns with Organto's long-term growth strategy to create a unified source of organic produce while improving consumer transparency.

Organto Foods Inc. announced the addition of fresh organic fairtrade bananas to its product portfolio, initially sourced from the Dominican Republic and available year-round. The company aims to achieve annual sales of CDN $5.0 to $7.0 million, ultimately targeting $25.0 million through expanded sourcing and customer growth. Additionally, Organto granted 150,000 stock options to employees at an exercise price of CDN $0.43, with a five-year term. The move aligns with Organto's commitment to sustainability and meeting growing consumer demand for organic products.