Organto Adds Organic Green Asparagus to Product Offering and Further Expands Supply Platform
Vancouver, British Columbia (FSCwire) - Organto Foods Inc. (TSX-V: OGO, OTC:
OGOFF) (“Organto”), a leading vertically integrated provider of value-added branded organic vegetables, today announced
that it has added to its supply base with the addition of a new strategic supply partner located in Peru. Under the terms
of the exclusive long-term agreement, initial product supply will commence in mid-November with the delivery of organic green
asparagus.
“We are very pleased to have expanded our supply of products from this important supply region, and also pleased to add
organic green asparagus to our line-up of value-added organic vegetable products.” commented Arnoud Maas, Chief Executive
Officer of Organto. “We are excited to work this new strategic supply partner and look forward to expanding our supply
relationship in 2018 and beyond in both organic green asparagus and other products as we continue to build out our vertically
integrated business model.”
The addition of organic green asparagus to Organto’s current product offering of value-added organic green beans, organic snow
peas and organic sugar snaps, is in response to customer interest in an expanded product offering driven by expected market
demand. The new organic green asparagus product offering is expected to be distributed in bunches and trays under the
Organto “I am Organic” brand, and also in private label format. Initially approximately 25 hectares of organic green
asparagus will be under cultivation, and Organto intends on continuing to build supply of this product in order to complete a
global year-round supply platform.
ON BEHALF OF THE BOARD,
Arnoud Maas
Chief Executive Officer
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.
For more information contact:
Investor Relations
604-634-0970
1-888-818-1364
info@organto.com
About Organto
Organto is a vertically integrated provider of year-round value-added branded organic produce serving a growing socially
responsible and health conscious consumer around the globe. Organto employs a business model that is integrated from the “table
to the field”. Driven by consumer demand for healthy and organic food products, it operates an integrated business model
with extensive logistical, processing and growing capabilities, providing complete traceability from the table back to the field.
Operations are currently located in Guatemala, The Netherlands and the USA, as well as secured third-party supply from Africa and
Peru, with plans to continue to expand year-round supply capabilities via strategic third-party growers and processors in Africa,
Mexico and other growing regions. 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.
Forward Looking Statements
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 Organto’s business model and markets; Organto’s vertically integrated year-round supply capabilities and plans to
continue to develop and expand these capabilities; the timing of expected deliveries from this new supplier: beliefs related to
current market demand and the benefits of adding organic green asparagus to Organto’s product offering; potential increases of
supply from this strategic supply partner; management’s beliefs, assumptions and expectations; and general business and economic
conditions. 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, unfavourable 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, partners and joint venturers. The
foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by
law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Organto11062017_1.pdf
Source: Organto Foods Inc. (TSX Venture:OGO, OTC Pink:OGOFF)
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