$OGO.V

Organto Foods Announces Appointment of Darryl Bergman as President

Organto Foods (OGO.V) said Wednesday it appointed Darryl Bergman as president, effective June 1.Bergman will report to chief executive Steve Bromley and will work with the leadership team to drive core business activities, expansion plans and strategic growth initiatives, the company said.Bergman joins Organto with more than 25 years of executive-level operating and financial experience. He most recently served as executive vice president and chief financial officer of High Liner Foods (HLF.TO).He has also held leadership roles at Clearwater Foods and Sofina Foods, and previously served as CFO at Exchange Income and Northland Power.The company also recently announced a number of changes to its leadership team including the appointment of Alexander Widmann as senior vice president, COO Europe Operations, responsible for the operations of the European fresh operating platform and shared services platform; Gian Ferreiras as senior vice president, business development; and Ana Cris de la Campa Ahedo as director, digital technology and business controlling.Effective June 1, 2026, John Rathwell, currently senior vice president, corporate development, will transition to a strategic advisor role focused on providing strategic markets advice and continuity to the company.

Organto Foods Appoints Darryl Bergman as President, Effective June 1, 2026; Most Recently Served As Exec VP and Chief Financial of High Liner Foods

Earnings Flash (OGO.V) Organto Foods Reports Q1 Revs C$25.6M, vs. $13.6M a Year Ago

Organto Foods' European Unit Expands Rabobank Financing Facility

Organto Foods (OGO.V) said Thursday its European division has expanded its financing agreement with Dutch cooperative bank Rabobank to support business growth.The facility has increased from 4-million euros to 7-million euros and is based on the company's accounts receivable, with potential to grow further. It expires in November 2027 and will automatically renew each year unless ended, according to the statement.Borrowed funds will carry interest based on EURIBOR plus a margin, and Organto will place 630,000 euros on deposit as collateral, the company added."We've expanded our commercial relationships, supply depth, and operational infrastructure over the past year to support continued growth. This is now translating into tangible results, as we are now realizing weekly sales in the range of approximately C$2 million, reflecting an annual sales run rate of approximately C$100 million. With this growth comes the need for expanded operational financing facilities, and today we are pleased to announce the expansion of these facilities," Chief Executive Steve Bromley said.The company's sheres closed up $0.02 to $0.83 on the TSX Venture Exchange.