Organto Foods Expands Financing Facilities with Rabobank
Rhea-AI Summary
Organto Foods (TSX-V:OGO; OTCQX:OGOFF) expanded its European financing facility with Rabobank, increasing the flexible funding line from €4 million to €7 million to support operational growth. The facility is collateralized by a €630,000 deposit, bears one-month EURIBOR plus a margin, and expires November 2027 with automatic one-year renewals unless terminated.
Organto reported weekly sales of approximately CDN $2 million (about a CDN $100 million annual run rate) and confirmed an administrative correction to incentive warrants issued under an earlier program.
Positive
- Financing increased from €4M to €7M
- Weekly sales ~CDN $2M (≈CDN $100M annual run rate)
- Collateralized facility with Rabobank supports operational growth
Negative
- €630,000 cash deposit required as collateral
- Interest tied to one-month EURIBOR-plus margin (rate exposure)
- Facility expires Nov 2027 and relies on renewals
Supports Continued Growth of Organic and Fairtrade Foods Platform
VANCOUVER, BC / ACCESS Newswire / April 16, 2026 / Organto Foods Inc. (TSX-V:OGO)(OTCQXC:OGOFF)(FSE:OGF0) ("Organto" or the "Company"), is pleased to announce that its European foods operations has expanded its financing facility with Netherlands based COÖPERATIEVE RABOBANK U.A. ("Rabobank"), to support the growth of the Company's business.
Steve Bromley, Co-Chair and Chief Executive Officer, commented, "We are extremely pleased to have expanded these facilities with Rabobank, a premier bank who has deep roots in the agricultural and foods sectors and our key operational financing partner. We have experienced significant growth in our business as we serve fast-growing healthy eating and healthy living markets, and we believe there are additional significant opportunities to further accelerate this growth into the future" commented Steve Bromley, Chief Executive Officer of Organto Foods Inc. "We've expanded our commercial relationships, supply depth, and operational infrastructure over the past year to support continued growth. This is now translating into tangible results, as we are now realizing weekly sales in the range of approximately CDN
The new financing facility increases the existing
Rabobank is a leading Dutch cooperative bank with deep roots in the agricultural and food sectors. The bank serves clients globally, focusing on sustainability and providing a full suite of financial services, including commercial and rural banking, as well as asset management. Driven by the mission of "growing a better world together," Rabobank partners with innovative, future-focused businesses throughout the food and agribusiness value chain.
Update on Retention of Venture Liquidity Providers Inc.
On March 20, 2026, the Company announced that it had engaged Venture Liquidity Providers Inc. ("VLP"), a Canadian-based market-making services firm for market-making purposes. VLP has been engaged to provide market-making services through a registered broker, W.D. Latimer Co. Ltd., commencing on April 1, 2026. The services provided will comply with the applicable policies of the TSX Venture Exchange (the "TSX-V") and other applicable laws. For these services, the Company agreed to pay VLP
Update on Number of Warrants Issued Related to Early Warrant Exercise Program
On February 20, 2026, the Company announced the results of its early warrant exercise incentive program (the "Incentive Program"), As a result of the Incentive Program, the Company announced it would issue 7,760,000 common shares and issue 2,588,667 incentive warrants, with each incentive warrant entitling the holder to acquire one additional common share of the Company at an exercise price of C
ON BEHALF OF THE BOARD
Steve Bromley
Co-Chair and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
For more information, contact:
John Rathwell, Senior Vice President Corporate Development
647 629 0018
info@organto.com
About Organto Foods
Organto Foods Inc. (TSX-V: OGO | OTCQX: OGOFF | FSE: OGF0) is a Canadian-headquartered company supplying certified organic and fairtrade produce to leading international retailers. Organto manages global sourcing, logistics, and distribution through an integrated, capital-efficient model that connects growers and consumers with transparency, sustainability, and operational excellence.
Forward Looking Statements
This news release may include certain forward-looking information and statements, as defined by law, including, without limitation, Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements including the Company's belief that is has experienced significant growth in its business as it serves fast-growing heathy eating and healthy living markets, and the Company's belief that there are significant opportunities to further accelerate this growth into the future; the Company's belief that these expanded financing facilities will play a role in funding future growth, and when combined with the Company's current strong balance sheet, positions the Company for an exciting future; the Company's belief that it has expanded its commercial relationships, supply depth, and operational infrastructure over the past year to support continued growth; the Company's belief that this is now translating into tangible results, as the Company believes it is now realizing weekly sales in the range of approximately CDN
SOURCE: Organto Foods, Inc.
View the original press release on ACCESS Newswire