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ORGANTO FOODS INC - $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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ORGANTO FOODS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ORGANTO FOODS's position in the market.

Rhea-AI Summary
Organto Foods Inc. has entered into a strategic partnership with Alpasa Farms S. De R.L. de CV to expand their operating platforms in North American and European markets. The partnership will focus on sales expansion, sourcing expansion, collaborative branding efforts, and implementing digital AI for traceability and supply chain efficiencies. Both companies are committed to sustainable and transparent organic farming practices.
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Organto Foods Inc. plans to expand into the North American market, starting with the US. The company aims to leverage its experience in sourcing, distribution, and marketing of organic and non-GMO fruit and vegetable products to enter the largest organic foods market in the world. Organto is building a team and strategic partnerships to support this expansion.
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Organto Foods Inc. expands financing facilities with €750,000 to support business growth
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Organto Foods Inc. announces consolidation of common shares
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Organto Foods Inc. reports largest second quarter sales and gross profit in company's history. Q2 sales increased by 48% to $7,581,390, representing the sixteenth consecutive quarter of sales growth. Gross profit increased to $678,804 or 9.0% of sales. Year-to-date sales increased by 25% to $15,084,919. While growth has been slower than expected, the company expects upward sales trends to continue and aims to exit 2023 with sales run rates exceeding $50 million. However, achieving positive EBITDA is now expected to occur later than planned, with positive EBITDA projected in the first half of 2024.
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Organto Foods Inc. (TSXV:OGO)(OTCQB:OGOFF)(FSE:OGF) announces the filing of a preliminary short form base shelf prospectus, enabling the company to make offerings of up to CDN $50 million. The net proceeds may be used for general corporate purposes, reducing indebtedness, and potential future acquisitions. Additionally, the company has engaged Atrium Research to provide paid equity research and investor relations services for an initial 12-month period.
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ORGANTO FOODS INC

OTC:OGOFF

OGOFF Rankings

OGOFF Stock Data

2.14M
26.21M
20.42%
Dog and Cat Food Manufacturing
Manufacturing
Link
United States of America
Vancouver