Organto Provides Bi-Weekly Update on Filing of Annual Financial Statements

Organto Foods Inc. (TSXV: OGO), a leading provider of organic and non-GMO fruit and vegetable products, has issued an update on its management cease trade order (MCTO). This order concerns the delayed filing of the company's annual financial statements and management's discussion for the year ended December 31, 2023.

The British Columbia Securities Commission granted the MCTO on May 1, 2024. Accordingly, the Co-CEOs and CFO are restricted from trading in company securities until the filings are completed. This restriction does not impact other shareholders. It is expected that the filings will be completed by June 28, 2024.

The company will continue to provide bi-weekly updates until the filings are finalized. No material changes have occurred since the initial announcement, and Organto confirms it is not subject to any insolvency proceedings.