Vancouver, B.C. (FSCwire) - Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) (“Organto” or “the Company”) a leading vertically integrated provider of value added branded organic vegetables, today announced that it has reached commercial production of organic green beans (Haricot Verts) produced from its integrated operations in Guatemala.
“Over the past year and a half, we have been fine tuning and perfecting our growing techniques and logistical processes for our Monjas operation in Guatemala; having now reached approximately 15,000 lbs. of production per week. Achieving commercial production is an important milestone for Organto and we plan on increasing our production of organic value added vegetables as we expand our operations,” commented Peter Gianulis, Founder and CEO of Organto. “These organic green beans are currently being sold in some of the leading retailers in Europe and we expect to add organic sugar snaps and snow peas in the near-term,” added Mr. Gianulis.
About Organto
Organto Foods Inc. 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. The Company employs a business model that is integrated from the “table to the field”. Driven by consumer demand for healthy and organic food products, the Company operates an integrated business model with extensive logistical, processing and growing capabilities, providing complete traceability from the table back to the field. The Company currently has operations in Guatemala, Argentina, the Netherlands and the USA, with plans to continue to expand its year round supply capabilities. The Company’s business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.
ON BEHALF OF THE BOARD,
Peter L Gianulis
CEO & Director
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
For more information contact:
Investor Relations
604-634-0970
1-888-818-1364
info@organto.com
Forward Looking Statements
This 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 of 1995 (“forward-looking statements”). In particular, and without limitation this news release contains forward-looking statements respecting management’s future plans to expand and develop the business and future product offerings; expected commercial production of organic sugar snaps and snow peas; future prospects for Organto generally; management’s beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: cost increases; dependence on suppliers, partners and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavourable growing conditions, low crop yields, variations in crop quality, spoilage and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/organto03292017.pdfSource: Organto Foods Inc. (TSX Venture:OGO, OTC Pink:OGOFF)
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