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Enter Symbol
or Name
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CA



Organto Foods Inc
Symbol OGO
Shares Issued 76,771,801
Close 2017-02-07 C$ 0.25
Market Cap C$ 19,192,950
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Organto begins green bean shipments to Coop Danmark

2017-02-24 09:18 ET - News Release

Mr. Peter Gianulis reports

ORGANTO COMMENCES SALES TO COOP, ONE OF THE LARGEST FOOD RETAILERS IN EUROPE

Organto Foods Inc. has commenced commercial shipments of organic green beans to Coop Danmark, the largest retailer of consumer goods in Denmark.

The first organic shipments to Coop are an important step in validating Organto's organic growing operations in Guatemala and its strategic model, which, when fully implemented, will supply year-round fresh organic value-added vegetables from Guatemala, Uganda, Argentina and other countries.

Organto employs a business model that is integrated from the table to the field, with extensive logistics, processing and growing capabilities, providing complete traceability from the table back to the field. The model is unique given its forecast for year-round supply capabilities, strategically positioning Organto to serve the growing healthy foods markets. According to a report from ABN AMRO dated June 23, 2016, "by 2020, it is expected that global organic food consumption will reach $160-billion(U.S.); to reach the expected growth, there must be sufficient supply."

Organto has received approval for sales of various products from a number of prominent European-based retailers and will commence distribution to these accounts in hand with increased supply as operations expand.

About Organto Foods Inc.

Organto is a leading vertically integrated provider of value-added fresh-cut, branded organic produce serving a growing socially responsible and health-conscious consumer base around the globe. The company currently has operations in Guatemala, Argentina, the Netherlands and the United States, with plans to continue to expand its year-round supply capabilities.

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