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• The tomatoes at the forefront of a food revolution 

  • ​ https://www.bbc.com/future/article/20211207-the-tomatoes-at-the-forefront-of-a-food-revolution

• Q3 Financial Results, 2021

  • Achieved record tomato sales of $7.4 million for the third quarter of 2021, a 14% increase over $6.5 million generated in the three-months ended September 30, 2020.

  • Generated Adjusted EBITDA of $3.1 million for the three-months ended September 30, 2021, compared to $3.6 million for the same period in 2020.

  • Realized the benefit of a full quarter of harvesting at the newly acquired GR2 facility, and as of November 11, 2021, had shipped over 5.4 million pounds of beefsteak tomatoes (3.5 million pounds for the three-months ended September 30, 2021).

• Green Rise Foods Appoints Board Chair - Rick Paolone

  • ​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. Paolone has consulted and advised some of the leading portfolio managers in both Canada and the USA. He specializes in identifying high-growth emerging companies. A founding partner of the Haywood Capital Markets Division ("Haywood"), Mr. Paolone also held several leadership roles at Haywood including Executive Vice President and Branch Manager of the Toronto Office. Mr. Paolone holds a Chartered Financial Analyst designation as well as degrees in Economics and Finance.

• Q2 Financial Results, 2021

  • • The Company generated Adjusted EBITDA of $2.8 million for the three-months ended June 30, 2021 as compared to $3.0 million for the three-months ended June 30, 2020. •

  • The Company realized record quarterly tomato sales of $7.0 million for the three-months ended June 30, 2021 as compared to $5.7 million for the three-months ended June 30, 2020. • During the quarter, the Company began harvesting at its newly acquired GR2 facility, with over 3 million lbs of beef steak tomatoes shipped as at August 19, 2021.​

• Q1 Financial Results, 2021

  • ​The Company generated quarterly earnings of $595 thousand as compared to a loss of $603 thousand for the prior year period.

  • ​On February 1, 2021, the Company completed the acquisition, through its wholly owned subsidiary Bull Market Farms Inc., of the net assets of Mor Gro Farms Inc., comprising a 22-acre greenhouse range ("GR2") on a 57-acre property in Kingsville, Ontario for cash consideration of $15.9 million. As a result of the transaction, a bargain purchase gain of ~$1.9 million was generated and recognized during the quarter.​

  • The Company now owns and operates 73 acres of greenhouse cultivation capacity at 2 different locations.

  • Brighter and warmer days have resulted in higher crop yields which has allowed the Company to pick earlier and generate tomato sales of ~$121 thousand as compared to nil in the prior year quarter. For the week ended May 21, 2021, year to date shipments of fresh produce equalled 3.6 million pounds as compared 1.7 million pounds in the same period in the prior year. This represents a 114% increase from the prior year period.

• Annual Financial Results, 2020

  • ​The Company earned revenues of $15.4 million as compared to $13.7 million for the year ended December 31, 2019 ("2019") and generated earnings from operations in the amount of $2.6 million as compared to $0.9 million for 2019.

  • The Company generated $6.5 million of Adjusted EBITDA as compared to $4.2 million for 2019 and $6.0 million of cash flow from operations as compared to $3.3 million for 2019.

• 2021 Venture Top 50 List

  • The company was named to the 2021 Venture Top 50 list. The TSX Venture 50 is an annual ranking of the top 50 performing listed companies from five industry sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining and Technology. This selection is based on year over year performances across three equally weighted criteria being: (1) Market capitalization growth; (2) Share price appreciation and (3) trading volume for the year ended December 31, 2020

• On August 27, 2020, the Company repurchased 14,974,133 of its common shares for the purposes of cancellation at a cost, including expenses of $1.8 million. The Company used cash on hand to repurchase the common shares.

• Between August 31, 2020 and September 1, 2020, the Company announced its new CFO and management appointments that, along with the CEO form the core team to lead the Company to continue to manage its current farm and future greenhouse operations. All members of this core team have purchased shares in the Company and along with the Company’s directors received options as part of the 2,050,000 options granted on August 28, 2020. The option grant provides long term incentives for the Company’s board, officers and management to further drive the Company performance over the next 5 years

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The tomatoes at the forefront of a food revolution - https://www.bbc.com/future/article/20211207-the-tomatoes-at-the-forefront-of-a-food-revolution

Q3 Financial Results, 2021 - https://www.newsfilecorp.com/release/104881/Green-Rise-Foods-Announces-Q3-2021-Results-Highlighted-by-Record-Tomato-Revenue-and-Provides-Update-on-Fiscal-2022-Crop-Selection

Q2 Financial Results, 2021 - https://www.newsfilecorp.com/release/94108/Green-Rise-Foods-Announces-Q2-2021-Results

Q1 Financial Results, 2021 - https://www.newsfilecorp.com/release/85568/Green-Rise-Foods-Announces-Q1-2021-Results

Annual Financial Results, 2020 - https://www.newsfilecorp.com/release/81636/Green-Rise-Foods-Announces-2020-Annual-Results

Closing of Settlement Transaction - https://www.newsfilecorp.com/release/62710/Green-Rise-Announces-Closing-of-Settlement-Transaction

Simply Wall St - January 3rd, 2020 - https://simplywall.st/stocks/ca/food-beverage-tobacco/tsxv-grcc/green-rise-capital-shares/news/what-percentage-of-green-rise-capital-corporation-cvegrcc-shares-do-insiders-own/

For all filings related to Green Rise Foods please see our page at https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00043547