ORGANTO FOODS INC. Organto Foods Inc. | Phone: +1 | 604 634-0970 |
1090 Hamilton Street | Fax: +1 | 604 634-0971 |
Vancouver, B.C. V6B 2R9 | Toll Free: 1 | 888 818-1364 |
Canada | www.organto.com |
ORGANTO FOODS INC.
ANNUAL INFORMATION FORM
FOR THE FINANCIAL YEAR ENDED
DECEMBER 31, 2020
April 29, 2021
ORGANTO FOODS INC. | |
ANNUAL INFORMATION FORM | |
FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2020 | |
TABLE OF CONTENTS | |
Introductory Notes ...................................................................................................................................................... | 1 |
Cautionary Note Regarding Forward-Looking Statements ...................................................................... | 1 |
Currency ........................................................................................................................................................ | 1 |
Corporate Structure .................................................................................................................................................... | 2 |
Name, Address and Incorporation............................................................................................................... | 2 |
Intercorporate Relationships........................................................................................................................ | 3 |
General Development of the Business ........................................................................................................................ | 3 |
Three Year History ....................................................................................................................................... | 3 |
Significant Acquisitions ................................................................................................................................ | 8 |
Description of the Business ......................................................................................................................................... | 9 |
General ........................................................................................................................................................... | 9 |
Social or Environmental Policies ............................................................................................................... | 12 |
Risk Factors ................................................................................................................................................. | 12 |
Dividends and Distributions ..................................................................................................................................... | 18 |
Description of Capital Structure .............................................................................................................................. | 18 |
Common Shares........................................................................................................................................... | 18 |
Share Options .............................................................................................................................................. | 18 |
Restricted Share Units ................................................................................................................................ | 19 |
Warrants ...................................................................................................................................................... | 19 |
Convertible debentures ............................................................................................................................... | 20 |
Market for Securities................................................................................................................................................. | 20 |
Trading Price and Volume ......................................................................................................................... | 20 |
Prior Sales .................................................................................................................................................... | 21 |
Escrowed Securities and Securities Subject to Contractual Restriction on Transfer ......................................... | 22 |
Directors and Officers ............................................................................................................................................... | 22 |
Name, Occupation and Security Holdings ................................................................................................ | 22 |
Cease Trade Orders, Bankruptcies, Penalties or Sanctions .................................................................... | 24 |
Conflicts of Interest ..................................................................................................................................... | 24 |
Legal Proceedings and Regulatory Actions ............................................................................................................. | 25 |
Legal Proceedings........................................................................................................................................ | 25 |
Regulatory Actions ...................................................................................................................................... | 25 |
Interest of Management and Others in Material Transactions ............................................................................. | 25 |
Transfer Agent and Registrar .................................................................................................................................. | 26 |
Interest of Experts ..................................................................................................................................................... | 26 |
Material Contracts .................................................................................................................................................... | 26 |
Audit Committee........................................................................................................................................................ | 26 |
Additional Information ............................................................................................................................................. | 28 |
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INTRODUCTORY NOTES
Cautionary Note Regarding Forward-Looking Statements
This annual information form ("AIF") contains "forward-looking information", 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"). Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is based on reasonable assumptions that have been made by Organto Foods Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Organto Foods Inc. to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; dependence on suppliers, partners and contractual counter-parties; cost increases; 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; stock market volatility; competition; as well as those factors discussed in the section entitled "Description of the Business - Risk Factors" in this AIF.
Although Organto Foods Inc. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Organto Foods Inc. does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
Currency
All dollar amounts in this AIF are expressed in Canadian dollars unless otherwise indicated.
CORPORATE STRUCTURE
Name, Address and Incorporation
Organto Foods Inc. ("Organto" or "the Company") is engaged in the sourcing, processing, packaging, distribution and marketing of organic fresh organic value-added vegetable and fruit products. The Company's common shares are listed for trading on the TSX Venture Exchange ("TSXV") and are traded under the stock symbol "OGO".
Incorporated on May 18, 2007 under the laws of the Province of British Columbia, Canada, and previously known as Columbus Exploration Corporation ("Columbus Exploration"), Organto was formed upon the completion of a reverse takeover of Columbus Exploration by Agricola Nuova Terra Guatemala S.A. ("Agricola") on November 30, 2015, whereby Agricola became a wholly-owned subsidiary of Organto. For the purposes of these consolidated financial statements, the "Company" is defined as Organto and its subsidiaries.
Organto's head office is located at 1090 Hamilton Street, Vancouver, British Columbia, V6B 2R9. The Company has a sales and administration office in Breda, the Netherlands and regional satellite offices are located in Mexico, Guatemala, Argentina and the USA. Organto's registered and records office is located at 1500-1055 West Georgia Street, Vancouver, British Columbia, V6E 4N7.
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Intercorporate Relationships
The following chart describes the intercorporate relationships amongst Organto's subsidiaries and the percentage of voting securities held by Organto, either directly or indirectly and the jurisdiction of incorporation, formation, continuation or organization of each subsidiary:
GENERAL DEVELOPMENT OF THE BUSINESS
Three Year History
Introduction
In March 2014 Agricola, a privately-owned business, commenced operations to build out a global year- round organic supply platform focused on the production and distribution of value-added branded organic vegetables.
On November 30, 2015, Agricola completed a reverse takeover (the "RTO") of Columbus Exploration and upon completion of the RTO, Columbus Exploration changed its name to Organto Foods Inc., and Agricola became a wholly-owned subsidiary of Organto Foods Inc. On March 21, 2016, Agricola changed its name to Organto Guatemala, Sociedad Anonima ("Organto Guatemala").
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Organto Foods Inc. published this content on 28 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2021 23:36:07 UTC.
