Organto Foods Completes $8 Million Private Placement

Organto Foods Inc., a company listed on the TSX Venture Exchange, has finalized an $8 million non-brokered private placement. This financing involved the issuance of 16 million units at C$0.50 each. Each unit consists of one common share and a half-share purchase warrant, with the latter allowing the purchase of additional shares at C$0.75 until March 2027.

The proceeds will support the growth of Organto's organic and fair-trade produce lines, development of their technology platform, and general working capital. Finder's fees included a $600,000 cash commission and warrants for 1.2 million shares at C$0.50 each.

The transaction is pending the final approval of the TSX Venture Exchange. Securities from this placement have a trading restriction until January 2026.