Green Rise Foods Announces Q2 Fiscal 2026 Financial Results

(TSXV: GRF) Green Rise Foods Inc. reported year-to-date fresh produce revenue of CDN $13.3 million for the six-month period ended June 30, 2026, compared to $12.2 million for the prior year period, an increase of 9%. For the three-month period ended June 30, 2026, fresh produce revenue was $12.6 million versus $11.9 million for the same period in 2025, an increase of 6%. Adjusted EBITDA increased to CDN $2.3 million for the six-month period ended June 30, 2026, compared to $1.7 million for the six-month period ended June 30, 2025, an increase of $0.6 million or 35%. For the three-month periods ended June 30, 2026 and June 30, 2025, adjusted EBITDA was $3.5 million and $3.3 million, respectively, an increase of $0.2 million or 6%. Green Rise uses its wholly owned 89 acres of Controlled-Environment Agriculture Greenhouses to produce fresh produce under the "SUNSET" brand for Mastronardi Produce Ltd. The company continues to make investments in infrastructure and execute crop activities to maximize lighting, reduce disease, and mitigate excessive heat. The company continues to remain on the trajectory to achieve its annual shipped yield targets.

Green Rise Foods Provides Update on Strategic Review, Amended Credit Agreement, $1.581 Million Capital Injection and Production Update

(TSXV: GRF) Green Rise Foods Inc. announced a $1.581 Million non-convertible promissory note issued to Opus Financial Inc. on July 31, 2026, as part of a capital injection. The company is conducting a Strategic Review, with appraisals showing an aggregate fair market value for the Company's Farms of approximately $90 million, which exceeds its obligations for borrowed money. The Board of Directors approved an amendment to the company's credit agreement with the Royal Bank of Canada on July 31, 2026, allowing Green Rise to explore strategic alternatives until December 4, 2026, unless extended by the Bank. The Loan bears interest at 6.57% per annum, calculated and paid monthly, with principal due at maturity on the earlier of December 31, 2026, or the completion of a Sale Transaction. Green Rise uses its wholly owned 89 acres of Controlled-Environment Agriculture Greenhouses to produce fresh produce under the "SUNSET" brand for Mastronardi Produce Ltd. The company projects that projected cash flows and operating results for the balance of the year, as well as the underlying value of the Company's assets, will be sufficient to accomplish the objectives of the Strategic Review. Production at the Company's greenhouses continues as planned despite excessive heat and cloudy days.

Green Rise Foods Announces Q1 Fiscal 2026 Financial Results and Provides a Crop and Financial Update

(TSXV:GRF) Green Rise Foods Inc. released its interim condensed consolidated financial results for the three-month period ended March 31, 2026. As of the week ending May 23, 2026, year-to-date produce revenues are approximately $1.5 million higher compared to the same period in 2025. The company is shipping fresh produce at all three of its farms and has added additional resources to labour supervision. Green Rise uses its wholly owned 89 acres of Controlled-Environment Agriculture Greenhouses to produce high-quality fresh produce under the "SUNSET" brand for Mastronardi Produce Ltd. The company continues to implement certain labour programs in order to achieve its 2026 labour metric goals. The implementation of these programs is described as critical to the company's financial and operational success in 2026. The company's teams, led by CFOO George Hatzoglou and VP Operations Abe Schmitt, have successfully planted medley, piccolo, beefsteak and bell pepper varieties at all of its farms.

Green Rise Announces Initiation of Strategic Review and Management Changes

Green Rise Foods Inc. (TSXV: GRF) announced that its Board of Directors has initiated a strategic review process to identify and pursue potential strategic alternatives aimed at maximizing shareholder value and liquidity. The company has formed a special committee of three independent directors to oversee this process, with Chairman Enrico (Rick) Paolone as the main contact. Vincent Narang has resigned as Chief Executive Officer and Secretary, but will remain on the Board as a director. Enrico (Rick) Paolone has been appointed Interim Chief Executive Officer and Secretary. Green Rise operates 89 acres of Controlled-Environment Agriculture Greenhouses in Ontario, producing fresh produce under the 'SUNSET' brand for Mastronardi Produce Ltd.

Green Rise Foods Announces Fiscal 2025 Financial Results and Provides a Crop Update

Green Rise Foods Inc. (TSXV: GRF) released its consolidated financial results for the year ended December 31, 2025, reporting a year-over-year revenue increase of 5.5% to CDN $31.9 million. Adjusted EBITDA, excluding Government Grants and special programs, decreased to CDN $4.9 million from $5.2 million in 2024. The company was not in compliance with its annual fixed charge coverage ratio and must provide a remediation proposal to the Royal Bank of Canada by May 31, 2026. The 2026 crop season is progressing well and on schedule, with weather challenges offset by elevated market prices for beef steak and bell peppers. Large investments in CAPEX are expected to benefit future years.