Organto Expands Financing Facilities

Adds €750,000 Facilities to Support Business Growth

TORONTO, ON and BREDA, THE NETHERLANDS / ACCESSWIRE / September 21, 2023 / Organto Foods Inc. (TSXV:OGO)(OTC:OGOFF)(FSE:OGF) ("Organto" or "the Company"), a leading provider of organic and value-added organic fruit and vegetable products, today announced that it has expanded its financing facilities with the addition of two facilities with a total capacity of €750,000 (approximately CDN $1.05 million). The facilities have been provided to two operating subsidiaries by an established Netherlands-based credit provider.

Highlights:

• New €750,000 facilities add liquidity to operations that were previously not supported by financing facilities.
• Growth capital to support continued business development.
• Increased flexibility and efficiency in working capital management.
• Facilities secured by assets of operating subsidiaries.

Rients van der Wal, Co-CEO of Organto Foods Inc. and CEO of Organto Europe B.V. commented, "As we continue to grow our business with a focus on growth across our entire platform, it is necessary to enhance our capital structure in order to more efficiently manage the growth we are targeting. These new facilities expand our financing capacity, allowing us to exploit growth opportunities. The demand for sustainable, transparent fresh organic fruit and vegetables continues to grow globally, and we are excited to be building our business in this fast-growing category."

Organto is an integrated provider of branded, private-label, and distributed organic and non-GMO fruit and vegetable products serving the growing global demand for healthy and socially responsible foods. Organto operates a strategic and flexible asset-light business model, sourcing products from five continents, and using its certification, supply chain, marketing, and distribution expertise currently brings products to markets across Europe. Organto markets a number of branded product offerings, including its flagship I AM Organic brand along with non-GMO brands ORO and Awesome Fruits. Fast-growing, Organto has realized sixteen consecutive quarters of record revenue growth versus the same quarter in the prior year. Organto's long-term growth strategy is to build an ethics-driven "one-stop-shop" in fresh organic and specialty fruit and vegetable products fueled by a combination of strong internal growth and acquisitions.