Organizacion de Marcadeo S.A. entered into an agreement to acquire Guatemalan Plant from Organto Foods Inc. (TSXV:OGO) for $0.37 million on March 27, 2019. Pursuant to the terms of agreement, buyer will discharge certain loans in the amounts of $0.31 million to Organto and will also assume $0.057 million debt. 5.87 million shares of Organto Foods will be cancelled. The transaction is subject to approval from TSX Venture Exchange. As of October 3, 2019, the transaction is approved by the shareholders of Organto Foods and also received final acceptance of the TSX Venture Exchange. Final closing remains subject to Organto receiving certain final deliverables from Organizacion de Marcadeo. The transaction will improve Organto balance sheet. Organizacion de Marcadeo S.A. completed the acquisition of Guatemalan Plant from Organto Foods Inc. (TSXV:OGO) in January, 2021.