Green Rise Foods Inc. is a junior consumer goods company that cultivates, produces, markets and distributes quality food products, including vegetables and fruits across North America. Green Rise Food Inc. is a publicly listed company on the Toronto Venture Stock Exchange (TSXV) in Canada, with its common shares trading under the ticker symbol GRF.
The consumer foods provider was recognized as one of the 2021 TSX Venture Top 50 Companies. The Toronto-based food production company owns an 81-acre farm property in Leamington, Ontario, comprising 51 acres of greenhouse to grow produce.
On February 1, 2021, Green Rise Foods acquired net assets of Mor Gro Farms Inc., an Ontario based licensed food farming and marketing company, through Bull Market Farms Inc., a 100 per cent owned subsidiary of the company. The acquisition transaction includes a 57-acre farm property in Kingsville, Ontario, hosting a greenhouse range of 22 acres, concluded for a cash consideration of $15.5 million. As a result of this acquisition, Green Rise Food Inc. now owns and operates two farm assets with an increased greenhouse cultivation capacity of 73 acres.
Green Rise Foods Inc. provides quality and fresh food products cultivated and grown locally to suffice consumer demand. The fruit and vegetable wholesaler utilizes innovative food growing technological solutions to produce pesticide-free fresh farm products through bee pollination with 90 per cent less water consumption.
The first range of the food products offered by Green Rise Foods Inc. has received Equity Food Initiative (EQI) certification. Green Rise Foods aims to optimize the cultivation and production operations to improve the quality and shelf life of its fresh food produce, increase margins and acquire farming assets with high return potential.