Organto Provides Default Status Report

About this update from Organto Foods, Inc.

[{"type":"text","content":"\n\n\n\nOrganto Provides Default Status Report\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 15, 2019\n\n\n\nVANCOUVER, May 15, 2019 /CNW/ - Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) ('Organto\").  Organto today provided an update on the management cease trade order (\"MCTO\") that was issued by the British Columbia Securities Commission on May 1, 2019.  \nOn April 29, 2019 Organto announced a delay in filing its audited annual financial statements for the year ended December 31 ,2018, related management discussion and analysis and certificates of its CEO and CFO (collectively, the \"Required Filings\") due to delays in obtaining required information pertaining to certain of its foreign subsidiaries.  \nAs per the terms of the MCTO, Organto is required to make the Required Filings by no later than July 2, 2019.  The Company continues to work with its auditors toward completing the Required Filings in a timely manner.\nThe company confirms that it intends to satisfy the alternative information guidelines found in National Instrument Policy 12-203 (Management Cease Trade Orders) for as long as the MCTO is in effect. Additionally, the company confirms that as of the date hereof, it is not aware of any other material information concerning its affairs which has not generally been disclosed.\nON BEHALF OF THE BOARD\nSteve BromleyChair and Interim Chief Executive Officer\nNeither 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.\nABOUT ORGANTO\nOrganto'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.  Organto is comprised of two independent business units, i) the Organto Foods Group, and ii) the Organto Global Cannabis Group. The Organto Foods Group is an integrated provider of year-round value-added b...

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