Mr. Steve Bromley reports

ORGANTO ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Organto Foods Inc. intends to raise up to $2-million through a non-brokered private placement of common shares. Insiders and cornerstone investors have committed to participate in this offering as per the proposed terms. The funds raised are expected to be used by the company to finance growth opportunities and for general working capital purposes.

"We have realized strong growth in our business throughout 2023, and believe we are positioned to accelerate this growth in 2024, leveraging the retail customer base we have built, adding new customers to this base, expanding our supply partnerships to meet this demand, deepening our branded products presence and expanding into new geographies. These growth investments will be made in concert with a strong focus on achieving positive EBITDA in the first half of 2024," commented Steve Bromley, chair and co-chief executive officer of Organto Foods, and Rients van der Wal, co-CEO of Organto Foods and CEO of Organto Europe BV.

Non-brokered private placement

The company intends to raise up to $2-million in gross proceeds via a non-brokered private placement for 6,060,606 common shares at a price of 33 cents per share. The offering is expected to close on or about Nov. 28, 2023, or such other date as determined by the company, and is subject to certain conditions including, but not limited to, receipt of TSX Venture Exchange acceptance. The company may pay certain eligible finders a finder's fee comprising a cash commission of up to 6 per cen of the gross proceeds of the offering and finder's warrants equal to up to 6 per cent of gross proceeds under the offering. Such finder's warrants shall entitle the holder to acquire one common share of the company at a price of 50 cents for a period of 24 months from the closing date. All securities issued in connection with the offering will be subject to a hold period of four months from the date of closing.

Investor update webinar

Mr. Bromley and Mr. Van der Wal, co-CEOs of Organto, will provide an update on current market trends, commercial and operational initiatives, and strategic growth plans, as well as details on Wednesday, Nov. 15, 2023, at 10 a.m. EDT.

If you have any questions, please send them in advance of the video presentation to john.rathwell@organto.com. Organto will do its best to address them after the presentation.

Time: Nov. 15, 2023, 10 a.m. Eastern Time (United States and Canada)

About Organto Foods Inc.

Organto is an integrated provider of branded, private-label and distributed organic and non-GMO (genetically modified organism) fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto'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.

We seek Safe Harbor.