Organto intends to close the financing on
Organto does not expect to pay any finder's fees or commissions associated with this Bridge Loan Financing and there is no penalty for early repayment. The funds will be used for general working capital purposes and other growth initiatives and opportunities. Issuance of the promissory notes and warrants remains subject to the final acceptance of the
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ABOUT ORGANTO
Organto'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.
FORWARD LOOKING STATEMENTS
This news release may include certain forward-looking information and statements, 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'). In particular, and without limitation, this news release contains forwardlooking statements respecting Organto's current business model and related expertise; Organto's belief that Xebra's execution of their business plan should create tremendous shareholder value that can be monetized; Organto's belief that the opportunity in organic vegetables and fruits is significant as healthy eating and wellness trends continue to drive growth; Organto's belief that they are well positioned to capture the organic foods market opportunity; management's beliefs, assumptions and expectations and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto's business model will be implemented; cost increases; dependence on suppliers, partners and contractual counter-parties; 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; ongoing relations with distributors, customers, employees, suppliers, consultants, contractors and partners and joint venturers and risks associated with cannabis operations and receipt of required licenses in
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