Disclosure NewswireTMiCrowdNewswire - Apr 20, 2017
Vancouver, B.C. – Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) (“Organto”), a leading vertically integrated provider of value added branded organic produce, today announced that it has commenced retail sales of its organic green beans into the Ahold Delhaize Group, the 10th largest supermarket in the world. Organto products will first be added to the Delhaize chain in Belgium.
Organto continues to expand production from its operations in Guatemala, Argentina, Uganda and, later in the year, from Mexico. Current products in various stages of production include organic green beans, snow peas and sugar snaps with other products to be added later in the year.
Organto employs a business model that is integrated from the “table to the field,” with extensive logistics, processing and growing capabilities, thereby providing complete traceability from the table back to the field. The model is unique given its forecast for year-round supply capabilities; strategically positioning Organto to serve the growing natural and organic food markets.
About The Ahold Delhaize Group
The Ahold Delhaize Group is the 10th largest supermarket retailer in the world with over US$60 billion in sales operating in over 12 countries. The Ahold Delhaize Group operates well-known supermarket retail brands such as Delhaize, Food Lion, Giant, Albert Heijn, Stop & Shop and other well-known brands. The Delhaize chain of supermarkets operates approximately 3,000 supermarkets with over US$20 billion in sales.
Organto Foods Inc. is a leading vertically integrated provider of value added fresh-cut, 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, Argentina, the Netherlands and the USA, with plans to continue to expand year-round supply capabilities. 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.
ON BEHALF OF THE BOARD,
Peter L Gianulis
CEO & Director
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
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This 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 expectations regarding Organto’s ability to close one or more additional tranches of its equity financing; future plans for growth and development of the business; future prospects for Organto; management’s beliefs, assumptions and expectations; commitments as to the issuance of shares for services yet to be rendered; 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: market interest in the equity financing and expected timing to complete any additional tranches of the private placement financing; 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 and conventional produce business, including inclement weather, unfavourable growing conditions, low crop yields and similar risks; general business and economic conditions; and ongoing relations with employees, consultants, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.