Green Rise Foods Announces Results For the Year Ended December 31, 2021, and Provides Update On its Fiscal 2022 Crop
Green Rise Foods Announces Results For the Year Ended December 31, 2021, and Provides Update On its Fiscal 2022 Crop
Toronto, Ontario--(Newsfile Corp. - May 2, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its consolidated financial results for the year ended December 31, 2021.
安大略省多倫多-(Newsfile Corp.-2022年5月2日)-綠色崛起食品公司。(多倫多證券交易所股票代碼：GRF)(“Green Rise”或“公司”)欣然宣佈發佈截至2021年12月31日的年度綜合財務業績。
The Company generated record sales of $17.7 million with Adjusted EBITDA of $4.4 million for the fiscal year ended December 31, 2021 across 73 acres of cultivation capacity, representing an increase of 43% over the same period in 2020.
在截至2021年12月31日的財年，該公司創造了創紀錄的1770萬美元的銷售額，調整後的EBITDA為440萬美元，涉及73英畝的種植能力，比2020年同期增長了43%。
Year-to-Date Financial Results
年初至今財務業績
Achieved record sales of $17.7 million for the fiscal year ended December 31, 2021, a 15% increase over $15.4 million realized in the prior-year period.
Generated Adjusted EBITDA of $4.4 million for the fiscal year ended December 31, 2021, compared to $6.5 million realized in the prior-year period.
在截至2021年12月31日的財年實現了創紀錄的1770萬美元的銷售額，比上一財年實現的1540萬美元增長了15%。
在截至2021年12月31日的財年中，調整後的EBITDA為440萬美元，而上一財年為650萬美元。
The complete audited consolidated financial statements and associated Management's Discussion and Analysis are available under the Company's profile at .
完整的經審計綜合財務報表和相關管理層的討論和分析可在公司簡介下查閲，網址為。
Fiscal 2022 Crop Update:
2022財年作物更新：
"We look forward to a robust 2022 growing season. GR1, our 36 Acre Medley Range, is now in full swing with an additional packing line commissioning in the next couple of months. GR2, our Beef Steak Range, begins full production within the next week. The range is now stable with a full complement of competent labour and seasoned management, and we expect yields, revenues, and EBITDA at our GR2 Range to return to normalized annual levels," said Vincent Narang, Chief Executive Officer of Green Rise.
Green Rise首席執行官文森特·納蘭表示：“我們期待着一個強勁的2022年生長季。我們36英畝的麥德利系列GR1現已全面投產，另外一條包裝線將在未來幾個月投產。我們的牛排GR2系列將在下週開始全面投產。該系列現在穩定，有充足的合格勞動力和經驗豐富的管理層，我們預計我們GR2系列的產量、收入和EBITDA將恢復到正常的年度水平，”Green Rise首席執行官文森特·納蘭表示。
Mr. Narang further added, "The shipping at the Company's GR1 Range, started last month, on 27 Acres of Medley and 9 Acres on Piccolo varieties. The alignment to full Medley production for 2022 at GR1 provides focus to our staff and labour as well as a high-demand product under contract pricing, adding greater certainty to our yields, revenues, and return to shareholders."
納朗先生進一步補充道：“公司GR1系列的發貨工作於上個月開始，涉及27英畝的Medley和9英畝的Piccolo品種。與2022年GR1的全面生產保持一致，GR1為我們的員工和勞動力提供了重點，同時也是合同定價下的高需求產品，為我們的產量、收入和股東回報增加了更大的確定性。”
The Company continues to monitor its labor and input costs and resulting inflationary pressures. Costs to date are as budgeted.
該公司繼續監測其勞動力和投入成本以及由此產生的通脹壓力。到目前為止，成本與預算一致。
ABOUT GREEN RISE
關於綠色崛起
Green Rise is a grower of fresh produce with 73 acres of greenhouse ranges located in Kingsville, Ontario. Poised to be the "best-in-class" contract grower of fresh produce, the Company takes pride in providing high-quality, consistent and reliable products to meet the growing consumer demand for locally grown fresh produce. By leveraging innovative growing solutions and embracing technology, Green Rise seeks to optimize its operations to generate improved product quality, expand profit margins, and provide investors with meaningful and growing returns. The Company is proud to be an environmentally sustainable investment, producing locally grown, bee-pollinated fresh produce using less water than field-grown produce. The Company is proud that its first range is EFI (Equitable Food Initiative) certified.
Green Rise是一家新鮮農產品種植商，在安大略省金斯維爾擁有73英畝的温室範圍。作為“同類中最好的”生鮮農產品合同種植商，該公司以提供高質量、穩定可靠的產品為榮，以滿足消費者對本地種植的生鮮農產品日益增長的需求。通過利用創新的成長型解決方案和擁抱技術，Green Rise尋求優化其運營，以產生更高的產品質量，擴大利潤率，併為投資者提供有意義和不斷增長的回報。該公司為成為一家環境可持續投資公司而感到自豪，生產當地種植的、蜜蜂授粉的新鮮農產品，比田間種植的農產品使用更少的水。該公司感到自豪的是，它的第一個系列通過了EFI(公平食品倡議)認證。
Contact Information
聯繫信息
For further information, please contact:
如需更多信息，請聯繫：
George Hatzoglou, Chief Financial Officer
Phone: +1-416-551-5015
E-mail: info@greenrisefoods.ca
首席財務官George Hatzoglou
電話：+1-416-551-5015
電子郵件：info@greenrisefoods.ca
Neither 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.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements. The statements in this news release are made as of the date of this release. Green Rise undertakes no obligation to update any such forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on any such forward-looking statements. Green Rise undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Green Rise or their respective financial or operating results or (as applicable), their securities.
前瞻性陳述
本新聞稿包含適用證券法所指的“前瞻性信息”。任何此類前瞻性陳述都可以通過諸如“預期”、“預期”、“相信”、“項目”、“計劃”和類似的表述來識別。告誡讀者不要過度依賴前瞻性陳述。實際結果和發展可能與這些陳述中預期的大不相同。本新聞稿中的陳述是自本新聞稿發佈之日起作出的。除非適用的證券法要求，否則如果情況或管理層的估計或意見發生變化，Green Rise不承擔更新任何此類前瞻性陳述的義務。告誡讀者不要過度依賴任何此類前瞻性陳述。Green Rise不承擔對第三方就Green Rise或其各自的財務或經營業績或(如適用)其證券所作的分析、預期或陳述發表評論的義務。
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譯文內容由第三人軟體翻譯。