ORAGIN Foods Inc V.OG.H

Alternate Symbol(s): OGGFF

Consumer Defensive Grocery Stores

Oragin Foods Inc. is a Canadian multi-pronged food company. The Company operates through a retail division, Organic Garage, and a Consumer Packaged Goods (CPG) division. The Company develops, acquires, grows and commercializes food and beverage brands through a CPG division. The Company also houses a Retail Division, which owns and operates natural and organic food retailers, Organic Garage. Organic Garage is operated through the Company’s wholly owned subsidiary, Organic Garage (Canada) Ltd. (OGC). The Company’s main business activities, through Organic Garage, are selling natural and organic products to consumers through its retail network of store locations. The Company also holds its premises leases. Organic Garage is an independent, natural and organic grocery chain with four stores operating in the Greater Toronto area.

TSXV:OG.H - Post by User

ORAGIN Foods Inc > Insolvency Filings Incoming?

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Comment by financemajoron Oct 25, 2022 11:34am

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Post# 35046711

RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming?

Maybe I am wrong about the holders' willingness to convert the outstanding principal into stock? I do not believe I am and think it is more likely than not that they choose not to convert, but let's just hypothetically say they do convert the remaining balance into stock...

Where does this leave the company?

Stock gets dilluted an additional 33%, valued at ~ $0.03. And the company will still have significant short-term cash flow problems that they cannot overcome through operations alone.

I hope you are starting to see the grimness.

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