Organto Foods ( (TSE:OGO) ) has provided an update.
Organto Foods Inc. has announced an update on its strategic plans following the revocation of a cease trade order and the resumption of trading on the TSX Venture Exchange. The company has restructured its operations, streamlined its product portfolio, and shifted its marketing strategy to improve processes and reduce costs. Organto is focusing on reducing debt and ensuring sufficient working capital to fund its operations. The company is currently in default on certain debts and is negotiating with creditors to restructure terms, including a significant offer from Antares Capital Management Ltd. to acquire outstanding debentures.
More about Organto Foods
Organto Foods Inc. operates in the food industry, focusing on providing organic and sustainable food products. The company is based in Vancouver, Canada, and has a market presence in both Canada and the Netherlands.
YTD Price Performance: 75.00%
Average Trading Volume: 414,890
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.09M
For a thorough assessment of OGO stock, go to TipRanks’ Stock Analysis page.