Green Rise Foods Announces Q1 Fiscal 2023 Financial Results and Provides Crop Update
Toronto, Ontario--(Newsfile Corp. - May 26, 2023) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its interim condensed consolidated financial results for the three-month period ended March 31, 2023. The complete interim condensed consolidated financial statements and associated Management's Discussion and Analysis ("MD&A") are available under the Company's profile at www.sedar.com.The men and women of Green Rise continue our harvest,...
2023-05-26 9:00 AM EDT
Green Rise Foods Announces Full Year 2022 Financial Results and 2023 Crop Update
Toronto, Ontario--(Newsfile Corp. - April 20, 2023) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its consolidated financial results for the year ended December 31, 2022.The Company generated record produce revenue of $22.4 million with Adjusted EBITDA1 of $4.2 million for the fiscal year ended December 31, 2022.Year-to-Date Financial ResultsAchieved record revenues of $23.1 million for the fiscal year ended December 31, 2021, a 31%...
2023-04-20 5:03 PM EDT
Green Rise Completes Short-Form Vertical Amalgamation with Wholly Owned Subsidiaries
Toronto, Ontario--(Newsfile Corp. - January 3, 2023) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce that effective January 1, 2023, it has completed a short form vertical amalgamation with its wholly owned subsidiary, Bull Market Farms Inc. ("Bull Market") and Bull Market's wholly owned subsidiary 2801511 Ontario Inc. ("280"). Pursuant to the amalgamation, all of the issued and outstanding shares of Bull Market and 280 will be cancelled, and the...
2023-01-03 4:30 PM EST
Green Rise Receives $2.5 million from the 2021 AgriStability Program
Toronto, Ontario--(Newsfile Corp. - December 22, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise") is pleased to announce that its wholly owned subsidiary, Bull Market Farms Inc. ("Bull Market" or the "Company") was awarded $2.5 million from the 2021 AgriStability Program ("the Program").The Program is administered by AgriCorp, an Ontario Government agency created in 1997. It protects producers such as Bull Market from large declines in farming income caused by production loss,...
2022-12-22 5:54 PM EST
Green Rise Reports Record Revenue and EBITDA for the Quarter Ended September 30, 2022
Toronto, Ontario--(Newsfile Corp. - November 4, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its interim Q3 2022 consolidated financial results. These results, including the Company's management, discussion, and analysis for the three and nine-month periods ended September 30, 2022, are available on SEDAR (www.sedar.com) as well as the Company's website (www.greenrisefoods.ca).Highlights for the Quarter Ended September 30,...
2022-11-04 9:00 AM EDT
Green Rise Foods Inc. Announces Stock Option Grant
Toronto, Ontario--(Newsfile Corp. - October 4, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") announces that, pursuant to its Stock Option Plan, its Board has granted 300,000 stock options to George Hatzoglou, the Company's Chief Financial Officer at an exercise price of $0.56 per share (the "Options"). The Options will vest in equal installments on an annual basis over a five-year period and will expire on October 4, 2027.The Options are subject to acceptance...
2022-10-04 7:31 PM EDT
Green Rise Reports Q2 2022 Results and Details of Financing on Its Recent 16-Acre Mini-Pepper Farm Acquisition
Toronto, Ontario--(Newsfile Corp. - August 22, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its interim Q2 2022 consolidated financial results. These results including the Company's management, discussion, and analysis for the three and six-month period ended June 30, 2022, are available on SEDAR (www.sedar.com). Highlights for the Quarter Ended:Record revenue of $8.3 million compared to $7.1 million in Q2 of 2021.Adjusted...
2022-08-22 9:00 AM EDT
Green Rise Foods Completes 16-Acre Greenhouse Acquisition
Toronto, Ontario--(Newsfile Corp. - July 4, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce that it has completed its acquisition through its wholly-owned subsidiary, Bull Market Farms Inc., of a 16-acre greenhouse range ("GR3") located in Kingsville, Ontario, for cash consideration of $15 million (the "Acquisition"). The greenhouse range was previously owned by 2073834 Ontario Limited ("Vendor"), a company principally owned and controlled by...
2022-07-04 9:00 AM EDT
Green Rise Foods Announces Results of Annual General Meeting
Toronto, Ontario--(Newsfile Corp. - June 29, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce that shareholders have approved all resolutions at the Company's Annual General Meeting ("the Meeting") held in Toronto today.All resolutions put forth at the Meeting were approved by shareholders of the Company, including:Setting the number of Directors at Five.The re-election of Vincent Narang, Jerry Mancini, Stanley Thomas, Enrico ("Rick") Paolone...
2022-06-29 4:30 PM EDT
Green Rise Foods Announces Q1 Fiscal 2022 Results and Provides an Update on Its Acquisition of 16-Acre Greenhouse
Toronto, Ontario--(Newsfile Corp. - May 30, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its interim consolidated financial results for the three-month period ended March 31, 2022. "Our strategies to streamline product SKUs has provided greater efficiencies to our labour and management at all of our greenhouse ranges. On the expense side, we entered into gas forward contracts, which allowed us to better absorb increases in...
2022-05-30 4:46 PM EDT
Green Rise Foods Provides Update on Acquisition of 16-Acre Greenhouse
Toronto, Ontario--(Newsfile Corp. - May 11, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") previously announced that it had entered into a definitive asset purchase agreement with 2073834 Ontario Limited (the "Vendor"), with effect as of and from April 1, 2022, to acquire a 16-acre greenhouse range located on a 34-acre farm in Kingsville, Ontario for cash consideration of approximately CDN$15 million (the "Transaction").The Vendor is principally owned and controlled...
2022-05-11 4:30 PM EDT
Green Rise Foods Announces Results For the Year Ended December 31, 2021, and Provides Update On its Fiscal 2022 Crop
Toronto, Ontario--(Newsfile Corp. - May 2, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its consolidated financial results for the year ended December 31, 2021.The Company generated record sales of $17.7 million with Adjusted EBITDA of $4.4 million for the fiscal year ended December 31, 2021 across 73 acres of cultivation capacity, representing an increase of 43% over the same period in 2020. Year-to-Date Financial...
2022-05-02 4:15 PM EDT
Green Rise Foods Announces Acquisition of 16-Acre Greenhouse and Provides Update on the Outlook for Its Fiscal 2022 Crop
Toronto, Ontario--(Newsfile Corp. - April 6, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce that it has entered into a definitive asset purchase agreement with 2073834 Ontario Limited (the "Vendor"), with effect as of and from April 1, 2022, to acquire a 16-acre greenhouse range ("Green Rise 3" or "GR3") located on a 34-acre farm in Kingsville, Ontario for cash consideration of approximately CDN$15 million (the "GR3 Acquisition"). The Company...
2022-04-06 5:24 PM EDT
Green Rise Foods Announces Q3 2021 Results Highlighted by Record Tomato Revenue and Provides Update on Fiscal 2022 Crop Selection
Toronto, Ontario--(Newsfile Corp. - November 23, 2021) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its condensed interim consolidated financial results for the three and nine-months ended September 30, 2021."We generated record tomato sales of $14.5 million with Adjusted EBITDA of $4.8 million during the first nine months of 2021, across 73 managed acres of cultivation capacity, an increase of 43% over 51 acres in the same period...
2021-11-23 4:15 PM EST
Green Rise Foods Appoints Board Chair
Toronto, Ontario--(Newsfile Corp. - August 24, 2021) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the appointment of Enrico "Rick" Paolone as the Chair of the Company's Board of Directors. A co-founder, Mr. Paolone has advised the Green Rise Board since the Company's inception in 2017. In July 2020, he became a Board member serving on the Company's Audit Committee. With over 30 years of Capital Markets experience, Mr....
2021-08-24 5:03 PM EDT
Green Rise Foods Announces Q2 2021 Results
Toronto, Ontario--(Newsfile Corp. - August 23, 2021) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its condensed interim consolidated financial results for three and six-months ended June 30, 2021. "We achieved $2.8 million in Adjusted EBITDA and record tomato sales of $7.0 million, in the 3-month period ended June 30, 2021. I am extremely pleased that the Company's Management and Operations Teams continue to extract maximum value...
2021-08-23 4:30 PM EDT
Green Rise Foods Announces Passing of Director Mark Benadiba
Toronto, Ontario--(Newsfile Corp. - August 20, 2021) - It is with great sadness that the Board of Directors of Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company"), announce that Mark Benadiba, a director, has passed away."On behalf of the Board of Directors and Management at Green Rise Foods Inc. I wish to extend my deepest condolences to Mark's family and many friends at this difficult time," said Vincent Narang, the Company's Chief Executive Officer. ...
2021-08-20 9:00 AM EDT
Green Rise Foods Announces Q1 2021 Results
Toronto, Ontario--(Newsfile Corp. - May 27, 2021) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its condensed interim consolidated financial results for its quarter ended March 31, 2021. Detailed results and management's discussion and analysis are now available on SEDAR. The highlights for the first quarter and 2021 are as follows:The Company generated quarterly earnings of $595 thousand as compared to a loss of $603 thousand for...
2021-05-27 4:45 PM EDT
Green Rise Foods Announces 2020 Annual Results
Toronto, Ontario--(Newsfile Corp. - April 26, 2021) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its consolidated financial results for the year ended December 31, 2020. Detailed results and Management's discussion and analysis are now available on SEDAR. The highlights as at December 31, 2020 are as follows:The Company earned revenues of $15.4 million as compared to $13.7 million for the year ended December 31, 2019...
2021-04-26 9:00 AM EDT
Green Rise Named to TSX Venture Top 50 Performing Companies of 2021
Toronto, Ontario--(Newsfile Corp. - March 8, 2021) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce that Company has been named to the 2021 Venture Top 50 list. The 2021 TSX Venture 50 is an annual ranking of the top performing listed companies from five industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology. The selection is based on year-over-year performance across three equally weighted...
2021-03-08 2:22 PM EST