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

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

Organto每两周提供年度财务报表提交的最新信息
Accesswire ·  05/15 23:00

VANCOUVER, BC and BREDA, NETHERLANDS / ACCESSWIRE / May 15, 2024 / Organto Foods Inc. (TSXV:OGO)(OTCQB:OGOFF) ("Organto" or the "Company"), a leading provider of organic and non-GMO fruit and vegetable products today provides an update to its news release dated May 1, 2024 (the "Announcement") announcing the grant of a management cease trade order (the "MCTO") relating to the late filing of the Company's annual financial statements and accompanying management's discussion and analysis for the year ended December 31, 2023 (the "Annual Filings").

不列颠哥伦比亚省温哥华和荷兰布雷达/ACCESSWIRE/2024年5月15日/有机和非转基因水果和蔬菜产品的领先供应商Organto Foods Inc.(TSXV: OGOFF)(“OTCQB: OGOFF”)(“OGANTO” 或 “公司”)今天更新了其2024年5月1日宣布授予管理停止贸易令(“MCQB: OGO”)(“MCQB” 或 “公司”)TO”),涉及公司延迟提交年度财务报表以及随附的管理层对截至2023年12月31日止年度的讨论和分析(“年度申报”)。

The Company's principal regulator, the British Columbia Securities Commission (the "Commission"), granted the MCTO on May 1, 2024, under National Policy 12-203 - Management Cease Trader Orders ("NP 12-203"). Pursuant to the MCTO, the Co-Chief Executive Officers and the Chief Financial Officer of the Company may not trade in securities of the Company until such time as the Company files the Annual Filings and the Commission revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities. The Company's Board of Directors and management are continuing to work with its accounting team to prepare the Annual Filings as soon as practicable and it is the Company's reasonable expectation that the Annual Filings will be finalized on or before June 28, 2024.

公司的主要监管机构不列颠哥伦比亚省证券委员会(“委员会”)根据国家政策12-203,于2024年5月1日批准了MCTO- 管理层停止交易者订单 (“NP 12-203”)。根据MCTO,在公司提交年度申报并且委员会撤销MCTO之前,公司的联席首席执行官和首席财务官不得交易公司的证券。MCTO不影响股东交易证券的能力。公司董事会和管理层将继续与其会计团队合作,尽快准备年度申报,公司合理预计年度申报将在2024年6月28日当天或之前完成。

Until the Annual Filings are filed, the Company intends to comply with the provisions of the alternative information guidelines as set out in NP 12-203 for as long as it remains in default, including the issuance of bi-weekly default status reports in the form of a news release.

在提交年度申报之前,公司打算在违约期间遵守NP 12-203中规定的替代信息指南的规定,包括以新闻稿的形式发布每两周一次的违约状态报告。

The Company confirms that, since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) there has not been any other specified default by the Company under NP 12-203; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

公司确认,自公告发布之日起:(i)公告中列出的未公开的信息没有发生任何重大变化;(ii)根据NP 12-203的规定,公司没有发生任何其他特定的违约行为;(iii)公司不受任何破产程序的约束;(iv)没有任何未被普遍披露的有关公司事务的重大信息。

ON BEHALF OF THE COMPANY

代表公司

Steve Bromley
Chair and Co-CEO

史蒂夫·布罗姆利
主席兼联席首席执行官

For more information contact:

欲了解更多信息,请联系:

Investor Relations
John Rathwell, Senior Vice President, Investor Relations & Corporate Development
647 629 0018
info@organto.com

投资者关系
John Rathwell,投资者关系与企业发展高级副总裁
647 629 0018
info@organto.com

ABOUT ORGANTO

关于 ORGANTO

Organto is an integrated provider of branded, private label, and distributed organic and non-GMO 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.

Organto是品牌、自有品牌和分销的有机和非转基因水果和蔬菜产品的综合提供商,使用战略性轻资产商业模式,为全球日益增长的具有社会责任感和健康意识的消费者提供服务。Organto的商业模式植根于其对以环境责任为重点的可持续商业实践的承诺以及对其运营所在社区、员工和股东的承诺。

FORWARD LOOKING STATEMENTS

前瞻性陈述

This news 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 the Company's reasonable expectation that the Annual Filings will be finalized on or before June 28, 2024. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto's business model will be implemented and product supply will be increased; 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, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws, and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors, and partners. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.

本新闻稿可能包括法律定义的某些前瞻性信息和陈述,包括但不限于加拿大证券法和1995年美国私人证券诉讼改革法案的 “安全港” 条款(“前瞻性陈述”)。特别是,但不限于,本新闻稿包含前瞻性陈述,尊重公司对年度申报将在2024年6月28日当天或之前完成的合理预期。前瞻性陈述基于许多可能被证明不正确的假设,包括但不限于对以下方面的假设:实施Organto商业模式和增加产品供应的能力和时限;成本增加;对供应商、合作伙伴和合同对手的依赖;Organto业务或前景的变化;不可预见的情况;与有机农产品业务相关的总体风险,包括恶劣的天气、不利的增长条件、低水平作物产量、作物质量变化、腐败、进出口法律及类似风险;运输成本和风险;一般商业和经济状况;以及与分销商、客户、员工、供应商、顾问、承包商和合作伙伴的持续关系。上述清单并不详尽,除非法律要求,否则Organto没有义务更新上述任何内容。

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

SOURCE: Organto Foods Inc.

来源:Organto Foods Inc.


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