Organto Foods Updates on Status of MCTO

Vancouver, BC and Breda, Netherlands / ACCESSWIRE / July 3, 2024 / Organto Foods Inc. (TSX-V:OGO)(OTC PINK:OGOFF), a provider of organic and non-GMO fruit and vegetable products, has provided an update on the management cease trade order (MCTO) granted on May 1, 2024, by the British Columbia Securities Commission.

The Company applied for an extension of the MCTO due to delays in completing the audit of its 2023 annual financial statements. The extension has been granted until July 15, 2024. Under the MCTO, certain executives cannot trade in the Company's securities until the filings are completed and the MCTO is revoked. Shareholders can still trade their securities.

Organto and its auditors are working to complete the filings promptly. The Company confirms there have been no significant changes or additional defaults. Regular updates will be provided as long as the Company remains in default.