VANCOUVER, Aug. 9, 2019 /CNW/ - Organto Foods Inc.
(TSX-V: OGO, OTC: OGOFF) ("Organto" or "the
Company"). Further to its news release of
August 6, 2019, the Company wishes to
clarify that Medicannabis S.A.S. is not a former subsidiary of the
Company in that the transaction to sell that company to Xebra
Brands Ltd. has yet to close. In that regard certain closing
conditions, including the acceptance of the TSX Venture Exchange,
remain to be satisfied.
As required by Policy 5.1 of the British Columbia Securities
Commission, the Company also wishes to advise that the following
insiders of the Company hold the following number of shares in
Xebra Brands Ltd. (which company has a total of 92,593,530 shares
outstanding): Robert Giustra
(Director) 5,500,000 shares; Steve
Bromley (Chairman) 1,750,000 shares; Peter Gianulis (Director) 500,000 shares;
Claudio Schreier (Director) 500,000
shares.
ON BEHALF OF THE BOARD
Steve Bromley
Chair and
Interim Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
About Organto
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. The Organto Foods Group
is an integrated provider of year-round value-added branded organic
vegetables and seasonal organic and non-GMO fruit and vegetable
products using an asset-light business model to serve a growing
socially responsible and health conscious consumer around the
globe.
SOURCE Organto Foods Inc.