Organto Foods Inc. Issues Bi-Weekly Update on Financial Statement Filings

Organto Foods Inc., a key player in organic and non-GMO fruits and vegetables sector, has provided an update on the delay in filing its annual financial statements for the year that ended on December 31, 2023. Organto's update follows the management cease trade order (MCTO) issued on May 1, 2024, by the British Columbia Securities Commission, owing to the late submission of its financial documents. This MCTO restricts company's executives from trading securities until the documents are filed and the order is lifted.

The company stated it is working diligently with its accounting team to finalize the annual filings, which it expects to complete by June 28, 2024. In compliance with regulatory guidelines, Organto will continue to issue bi-weekly updates throughout this period. They have confirmed that there have been no significant changes or new defaults since their last announcement. There are no ongoing insolvency proceedings against the company, and all material information has been disclosed to the public.