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.
Organto Foods Inc. (OGOFF) delivers organic and non-GMO produce through an innovative asset-light model, serving global markets with sustainable practices. This news hub provides investors and industry stakeholders with authoritative updates on the company's strategic developments and market position.
Access comprehensive coverage of earnings reports, supply chain expansions, product launches, and sustainability initiatives. Our curated collection includes official press releases, regulatory filings, and market analyses relevant to OGOFF's operations in the organic food sector.
Stay informed about critical updates including financial performance metrics, partnership announcements with certified growers, and innovations in sustainable packaging. The resource serves both retail investors seeking dividend insights and analysts tracking organic market trends.
Bookmark this page for real-time updates on OGOFF's progress in strengthening its distribution networks and advancing environmental stewardship. Verify all information through primary sources linked within each news item.
Organto Foods has successfully closed the third tranche of its unsecured convertible debenture financing, raising $500,000 in gross proceeds. This financing is part of a larger fundraising effort that has generated total gross proceeds of CAD $1,033,000. The debentures carry a 10% annual interest rate and mature in December 2024, convertible into common shares at CDN $0.30 per share. If Organto's share price exceeds CDN $0.45 for 10 consecutive trading days, the company may accelerate conversion. The funds will support growth initiatives and general working capital.
Organto Foods has successfully completed the second tranche of its private placement of unsecured convertible debentures, raising $238,000. The debentures carry a 10% annual interest rate, maturing in February 2025, and can be converted into common shares at CDN $0.30 each. If Organto's shares exceed CDN $0.45 for 10 consecutive trading days, conversion may be accelerated. Total fundraising from this placement may reach $1.1 million. The funds will support growth initiatives and general working capital, pending final acceptance from the TSX Venture Exchange.
Organto Foods Inc. (OTCQB:OGOFF) has successfully closed the first tranche of its private placement of unsecured convertible debentures, raising $295,000 in gross proceeds. The debentures will mature in February 2025, carrying a 10% annual interest rate and convertible into common shares at CDN $0.30 per share. Organto aims to raise a total of $1.1 million through multiple tranches to support growth initiatives and general working capital. The company has also relocated its head office to Toronto, Ontario.
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