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Organto Foods Inc. (V:OGO)

Business Focus: Fruit & Vegetable Processing

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
See Regulatory Filings on SEDAR
Company Contact
Address: 1090 Hamilton Street
Tel: N/A
IR: See website
Key People
Steve Bromley
Chairman of the Board, Co-Chief Executive Officer
Marcus Meurs
Rients Van Der Wal
Co-Chief Executive Officer, CEO of Organto Europe, B.V.
Ralf Langner
Chief Financial Officer, Corporate Secretary
Todd Dalotto
President of Organto's Global Cannabis Division
Peter Lawrence Gianulis
Executive Vice President - Corporate Development
Cristian Marin
Head - Greenhouse Operations
Peter Thibaudier
Chief Financial Officer for Organto Europe B.V
Business Overview
Organto Foods Inc., formerly Columbus Exploration Corporation, is a Canada-based company, which provides fresh-cut, branded organic produce from company-owned organic farms and greenhouses principally located in Guatemala. The Company operates through the sourcing, processing and packaging of natural, organic and specialty food products segment. The Company focuses on products, such as snow peas, sugar snaps, various types of green beans (Haricot Verts), peppers, broccoli and other vegetable products. In addition, the Company sub-contracts growing of conventional products to multiple growing associations in and around the Patzun, Guatemala area. The Company supplies distributors, agricultural brokers, retailers and food service companies with a range of private label and branded retail market agricultural produce in Europe and the United States. Organto Guatemala, Sociedad Anonima is a subsidiary of the Company.
Financial Overview
For the six months ended 30 June 2020, Organto Foods Inc revenues increased from C$193K to C$3.8M. Net loss before extraordinary items decreased 14% to C$999K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Selling/General/Admin. Expens decrease of 8% to C$375K (expense), Management fees decrease of 9% to C$307K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $37.26M as of Jun 30, 2020
Annual revenue (TTM): $7.29M as of Jun 30, 2020
EBITDA (TTM): -$1.71M as of Jun 30, 2020
Net annual income (TTM): -$2.38M as of Jun 30, 2020
Free cash flow (TTM): -$1.29M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1.21M as of Jun 30, 2020
Shares outstanding: 209,094,834 as of Sep 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization