Organto Lists "I AM Organic" Branded Fresh Cut Organic Herbs with Gorillas – Yahoo Finance

Leverages Capabilities of Previously Acquired Fresh Organic Choice BV To Synergistically Expand Branded Products Portfolio
VANCOUVER, BC and BREDA, the NETHERLANDS / ACCESSWIRE / November 18, 2021 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF)(FSE:OGF) ("Organto" or "the Company"), an integrated provider of organic and value-added organic fruits and vegetables, today announced that it has extended its range of I AM Organic branded products, listing for a broad range of fresh cut organic herbs with Gorillas® (, Europe's fastest growing company in instant on-demand grocery delivery.
Addition of nine fresh cut organic herbs to product line-up for Gorillas®
Permanent addition of packaged fresh cut herbs to I AM Organic branded products portfolio supported by unique digital passport technology
Leverages deep sourcing, supply and product capabilities of Fresh Organic Choice BV ("Fresh Organic Choice") which was acquired in January 2021.
"We are very pleased to be expanding our partnership with Gorillas®, allowing us to further build on our mission of making organic fruits and vegetables available for every consumer, and in doing so, build our I AM Organic brand. Our initial partnership has proven to be very successful in servicing today's consumers who are demanding high-quality, convenient products with a transparent and engaging story. Our products have a great story to tell, a story we believe will be well communicated via our digital product passports." commented Rients van der Wal, Co-CEO of Organto Foods Inc. and CEO of Organto Europe B.V. "It is also very exciting to realize on our strategic objective of leveraging the capabilities of acquired companies to drive branded product synergies. The addition of fresh cut herbs to our I AM Organic product portfolio does just that, leveraging the product capabilities of Fresh Organic Choice which was acquired earlier this year."
Listing With Gorillas®
The listing with Gorillas® will increase the number of products offered beyond the initial listing of healthy, high-quality organic bananas and seasonal assorted fresh cut fruits to include nine fresh cut organic herbs including I AM Organic chives, I AM Organic coriander, I AM Organic dill, I AM Organic mint, I AM Organic oregano, I AM Organic flat parsley, I AM Organic curly parsley, I AM Organic rosemary and I AM Organic thyme. In addition, the existing convenience fruit assortment will be extended with single fruits including I AM Organic single apples, I AM Organic single pears, I AM Organic single limes and I AM Organic raspberries in on-the-go shaker cup.
Gorillas promotes limited but frequent food purchases delivered by electric bikes to increase conscious consumption, reduce food waste, and limit local CO2 emissions. One of Gorillas priorities is to deliver high-quality products to consumers, and thanks to a vertically integrated supply chain, is able to deliver its fruits and vegetables faster than traditional supermarkets, resulting in fresher products with optimised nutritional value.
All products supplied are being sourced from Organto's supply network consisting of growers in Europe, Latin America and around the globe. Together with its valued strategic growers and supply chain partners, Organto controls and monitors each step in the supply chain, offering 100% transparency to consumers via the Company's proprietary digital product passports.
Acquisition of Fresh Organic Choice
As part of its acquisition strategy, Organto aims to acquire profitable and growing businesses that will extend the Company's product offering, customers serviced and geographic footprint, with a focus on opportunities where supply capabilities can be leveraged to expand Organto's value-added branded products footprint.
Fresh Organic Choice was acquired in January 2021, and since the acquisition the commercial teams have successfully aligned go-to-market strategies and expanded the number of European markets offering fresh cut organic herbs. In addition, back-end administrative and financial processes have been consolidated and streamlined. Revenues have shown steady growth and the listing with Gorillas® and roll-out of the I AM Organic brand is expected to continue this steady growth trajectory.
Fresh Organic Choice utilizes an asset light business model to provide of a full range of year-round fresh cut organic herbs, marketed under the Fresh Organic Choice brand and now the I AM Organic brand. Products include fresh cut packaged mint, oregano, basil, chives, parsley, dill, thyme, rosemary, sage, tarragon and others, which are sold in a wide range of branded packaged and bulk formats. Product is sourced primarily from strategic local growers in the Netherlands, Germany, Spain, Italy, Germany and Portugal, with additional sourcing programs being developed in Tunisia.
Organto's long-term growth strategy is to build an ethics driven "one-stop shop" in fresh organic and specialty fruits and vegetables, fueled by a combination of strong internal growth and acquisitions. This long-term growth strategy is anchored by three core operational strategies: build supply, build brands and build infrastructure. This extension of I AM Organic branded products at Gorillas and the introduction of branded I AM Organic fresh cut herbs expedites Organto's efforts in strategically building out its brands across its product portfolio.
Steve Bromley
Chair and Co-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.
For more information about Organto contact:
Investor Relations
For more information about Gorillas, see their website at
Organto is an integrated provider of branded, private label and distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. 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.
This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements respecting Organto's business model and markets; Organto's belief that it can bring added-value to consumers via its unique product offering and branded I AM Organic digital passport technology; Organto's belief that partnering with Gorillas will further Organto's mission of making organic fruits and vegetables available for every consumer, and in doing so build the I AM Organic brand; Organto's belief that it's story is well communicated through it's digital product passports; Organto's belief that the addition of branded I AM Organic fresh cut organic herbs leverages the product capabilities of Fresh Organic Choice; management's beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto's business model will be implemented and product supply will be increased; cost increases; dependence on suppliers, partners and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors and partners. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.
SOURCE: Organto Foods Inc.

View source version on

Wall Street has known its share of legends, but few of them have made as big a splash as “the Man Who Broke the Bank of England.” That nickname belongs to George Soros who earned the tag after famously betting against the British Pound in 1992; following the Black Wednesday crash, the hedge fund manager pocketed a $1 billion in a single day. This is the stuff that Wall Street legends are made of. By then Soros was already incredibly successful and in the midst of steering his Quantum Fund to dec
(Bloomberg) — U.S and European equity futures slid along with Asian stocks Tuesday on worries about the effectiveness of current vaccines against the omicron strain, doubts that stoked demand for havens including Treasuries.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransReliving the New York Subway Map DebateS&P 500 contracts fell more than 1% at one point and the U.S. 10-year Treasury yield sa
The professor is known for being bullish on stocks, yet even he says trouble’s coming.
After sliding along with the rest of the stock market on Friday, shares of lithium mining stock Lithium Americas (NYSE: LAC) are rebounding in a big way on Monday — up 13.6% as of 12:15 p.m. ET. You can thank the friendly analysts at National Bank Financial for that. No sooner had Lithium Americas finished its Friday slide than an analyst at the Canadian investment bank stepped in and reiterated an outperform recommendation on the stock.
Satya Nadella sold 838,584 shares between Nov. 23 and Nov. 24. The move comes a month before Washington state's capital gains tax goes into effect.
The technology powering virtual reality (VR) experiences has significantly improved in recent years. This technology is powering real-world applications like virtual walkthroughs of buildings and products still on the drawing board, or collaborations with colleagues in a virtual meeting room. Facebook has made a big splash into this new "metaverse" by changing its name to Meta Platforms (NASDAQ: FB), but that's not the only way to play this trend as an investor.
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some…
Yahoo Finance's Ines Ferre provides an update on Merck, Tesla, and Avis stocks.
These stocks could still provide amazing returns for the next decade, despite their already-impressive growth.
Although it's been a dud of a performer in 2021, telehealth platform Teladoc Health (NYSE: TDOC) is a holding I fully expect to deliver 10X (or greater) returns by the time I'm ready to enjoy retirement. While some folks would opine that Teladoc was lucky to be in the right place at the right time when the pandemic struck, I'd contend that they're not looking at the bigger picture. For instance, in the six years leading up to the pandemic, Teladoc's average annual sales grew by 74%.
Microsoft (NASDAQ: MSFT) recently became a hot topic after CEO Satya Nadella sold more than half of his shares for about $285 million on Nov. 22 and 23. When Nadella took over as Microsoft's third CEO in 2014, the tech giant was in serious trouble. Microsoft's cloud business became its core growth engine, and the company's revenue surged from $86.8 billion in fiscal 2014 to $168.1 billion in fiscal 2021, which ended this June, as its earnings per share more than tripled.
An investment arm of Wichita-based Koch Industries Inc. has put $100 million behind a company working on a new way to extract lithium. Koch Strategic Platforms (KSP) will make the investment in Canada-based Standard Lithium through a direct private placement in the company valued at more than 13.4 million shares. The deal also allows for potential collaboration with other Koch subsidiaries, including Koch Engineered Solutions and Koch Minerals & Trading.
(Bloomberg) — It’s paid off for those betting against Robinhood Markets Inc., the brokerage popular with the meme-stock traders who once waged war on short-sellers. Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransReliving the New York Subway Map DebateInvestors who have sold borrowed shares in the company, anticipating that they can buy them back after they fall, have seen $253 million in mark-t
The current year is winding down, and investors are starting to prepare for 2022. They’ll shed the non-performers from their portfolios, double down on the winners, and scan the markets to find stocks that are ready to pop. It’s the usual merry-go-round game of the market, just with a New Years’ theme. In this sort of environment, it’s no wonder to find investors drawn to the top-rated stocks. These are the Street’s Strong Buy-rated equities, the stocks that have picked up a deeply positive cons
(Bloomberg) — The Chinese businessman had walked out of a bank in Kinshasa with 13,624 hundred-dollar bills, 10,001 fifties and 43,000 smaller U.S. notes, despite explicit instructions to prevent it from happening.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly Veterans“The account has finally been emptied,” Yvon Douhore, head of an in-house audit team in the capital of the Democratic Republic of Congo,
The company’s artificial intelligence platform, known as Watson, went on Jeopardy! “I, for one, welcome our new computer overlords,” Jennings, who once won 74 Jeopardy! The stunt turned Watson into a household name, and raised expectations for the societal and financial impact of IBM’s AI business.
Words have power — as investors discovered to their dismay last week. News of the new omicron variant of COVID-19 shocked the stock market, sending shares of cruise line stocks Royal Caribbean (NYSE: RCL), Carnival (NYSE: CCL) (NYSE: CUK), and Norwegian Cruise Line Holdings (NYSE: NCLH) tumbling 10% and more in Friday trading.
The global semiconductor shortage is wreaking havoc on Big Tech and the automotive industry, but chipmakers are raking in the dough
Stock futures opened higher on Monday to hold onto gains after a recovery rally, with investors at least temporarily shaking off concerns over a new coronavirus variant and looking ahead to new market catalysts.
Shares of Meta Platforms (NASDAQ: FB) climbed higher on Monday, adding as much as 2.3% in early trading, though the stock ended the session up by just 1.5%. The buzz regarding the company's foray into the metaverse has been palpable in recent weeks, and while it's still largely conceptual, the social media giant has gone all-in on this coming digital world. The company formerly known as Facebook has been investing heavily in virtual reality (VR), one of the foundational technologies of the metaverse.