Business
Green Rise Receives $2.5 million from the 2021 AgriStability Program
Toronto, Ontario--(Newsfile Corp. - December 22, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Gree...
About this update from Green Rise Foods Inc
[{"type":"text","content":"Green Rise Receives $2.5 million from the 2021 AgriStability ProgramToronto, 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, increased costs, or market conditions. \"Programs like AgriStability are crucial to ensuring a consistent and quality local food supply. Our finance team, led by Chief Financial Officer George Hatzoglou and our external consultant BTT LLP in Leamington, Ontario, worked together with AgriCorp to this conclusion. The $2.5 million provides additional financial support to the Company's working capital,\" said Vincent Narang, the Chief Executive Officer of Green Rise Foods Inc. ABOUT GREEN RISEGreen Rise is an expert grower in Controlled-Environment Agriculture (\"CEA\"). The Company has a cultivation capacity of 89 acres, generated by three greenhouse ranges located in Leamington and Kingsville, Ontario. The Company's objective is to be the best-in-class contract grower in CEA of fresh produce. The Company takes pride in providing high-quality, consistent and dependable produce to meet ever-growing consumer demand, leveraging innovative growing solutions and embracing technology. Green Rise optimizes its operations to generate improved product quality, seek the highest yield, and provide investors with meaningful, growing and sustainable returns. The Company is proud to be an employer of choice and an environmentally sustainable investment, producing locally grown, bee-pollinated fresh produce. Contact InformationFor further information, please contact:Green Rise Foods Inc.George Hatzoglou Phone: +1-416-551-5015E-mail: [email protected] TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains \"forward-looking information\" within the meaning of applicable securities laws. Any such...