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Organto Foods (TSXV: OGO) announced a non-brokered Private Placement

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The company plans to raise up to $3,450,000 through the offering of up to 23 million units priced at $0.15 per unit.

Additional Information:

Company: Organto Foods
Website: http://www.organto.com
Stock Symbol: TSXV: OGO
Date Published: May 16, 2017
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Organto Foods (TSXV:OGO) (OTC :OGOFF) announced a non-brokered private placement.

The company plans to raise up to $3,450,000 through the offering of up to 23 million units priced at $0.15 per unit.

The units will consist of one share and one full warrant, with the warrant exercisable at $0.25 for 24 months.

The shares are currently trading at $0.17, and with 76.8 million shares outstanding, the company is capitalized at $13.1 million.

Organto Foods is a leading vertically integrated provider of value added fresh-cut, branded organic produce serving a growing socially responsible and health conscious consumer around the globe.

Driven by consumer demand for healthy and organic food products, it operates an integrated business model with extensive logistical, processing and growing capabilities, providing complete traceability from the table back to the field.

Operations are currently located in Guatemala, Argentina, the Netherlands and the USA, with plans to continue to expand year-round supply capabilities.

Current organic products include green beans, snow peas, sugar snaps, asparagus, brocollini and edamame.

The company is headed by Arnoud Maas, CEO, who has a long history in the consumer goods sector, particularly in the European and Asian food divisions of the former Sara Lee Corporation, which had operations in more than 40 countries and sold its product in over 180 nations worldwide.

In the last three years, he has worked closely with the CEO and Board of Vroegop, a leading vertically integrated organic food company based in the Netherlands, where he assisted in strategically opening new distribution channels and market opportunities.

For more information, please visit the company’s website, organto.com contact Arnoud Maas, CEO, at 604-638-3944 or by email at info@organto.com.

I’m Megan Edwards for Investmentpitch Media