Organto Foods Inc. provided preliminary revenue guidance for the fourth quarter and full year 2022. For the fourth quarter of 2022, sales grew to approximately $5.5 million, representing an approximate 12% increase year-over-year on a currency-adjusted basis, the largest fourth quarter in the history of the company, and the fourteenth consecutive quarter of record sales growth versus the same quarter in the prior year.

For the full year 2022, sales increased approximately 14%, and approximately 23% on a currency adjusted basis, to approximately $22 million as compared to 2021, a significant increase as compared to 2020 pre-pandemic revenue of CAD 11.5 million, and the fourth consecutive year of record sales growth versus the prior year, and largest annual sales in the history of the company.

The company provided revenue guidance for fiscal year 2023. For the period, the company expects sales growth of approximately 135% versus fiscal 2022. Expected Canadian sales dollar growth of approximately 135% versus fiscal 2022.