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

About this update from Green Rise Foods Inc

Toronto, Ontario--(Newsfile Corp. - August 4, 2026) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to make the following announcement: Strategic Review Update As previously announced on May 1, 2026, the Company initiated a strategic review process to identify, evaluate, and pursue potential strategic alternatives with the goal of maximizing shareholder value and liquidity (the "Strategic Review"). As part of the Strategic Review, the potential strategic alternatives could include, amongst other things, either individually or in combination, the sale of part, or all, of the assets of the Company, the sale of the Company, a merger or other business combination with another party, a going private transaction, a refinancing or recapitalization, a wind-up, or any other strategic transaction. The Strategic Review is being managed by a Special Committee of the Board of Directors comprised of three independent directors, Messrs. Thomas McKee, Jerry Mancini and Stan Thomas. As part of its ongoing discussions with the Royal Bank of Canada (the "Bank"), the Company arranged for appraisals of the Company's three (3) Farms prepared by an independent professional appraiser. Those appraisals show an aggregate fair market value for the Company's Farms of approximately $ 90 million, which is well in excess of the Company's obligations for borrowed money. On or prior to July 29, 2026, the Special Committee received multiple Non-Binding Proposals from interested parties with a view to determining which parties should be invited to participate in the second phase of the process. No decisions have been reached at this time. As the process is subject to unknown variables including the costs, structure, terms, timing, and outcome, there can be no assurance that the Strategic Review will result in any transaction or initiative or, if a transaction or initiative is undertaken, as to the terms or timing of such a transaction or initiative and its impact on the financial condition, liquidity, and results of operations of the Company. Amended Credit Agreement The Board of Directors on July 31, 2026, approved and authorized the entering into by the Company with the Bank of an amendment dated July 31, 2026 (the "Accommodation Agreement" or the "Amendment") to the Company's credit agreement with the Bank dated September 27, 2024, as amended (the "Credit ...

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