Green Rise Foods Provides Update on Acquisition of 16-Acre Greenhouse
Green Rise Foods Provides Update on Acquisition of 16-Acre Greenhouse
Toronto, Ontario--(Newsfile Corp. - May 11, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") previously announced that it had entered into a definitive asset purchase agreement with 2073834 Ontario Limited (the "Vendor"), with effect as of and from April 1, 2022, to acquire a 16-acre greenhouse range located on a 34-acre farm in Kingsville, Ontario for cash consideration of approximately CDN$15 million (the "Transaction").
安大略省多倫多-(Newsfile Corp.-2022年5月11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”)此前宣佈，已與安大略省2073834有限公司(“供應商”)訂立最終資產購買協議，自2022年4月1日起生效，收購位於安大略省金斯維爾一個34英畝農場的16英畝温室牧場，現金代價約15,000,000加元(“交易”)。
The Vendor is principally owned and controlled by Adam Suder, the Chief Growth Officer of Green Rise. As a result, Mr. Suder is an "interested party," and the Transaction is a "related party transaction" under securities legislation. As such, it is reviewable by the Ontario Securities Commission (the "OSC") under Multilateral Instrument 61-101 ("MI 61-101") and by the TSXV under the rules and policies of the TSXV.
The Vendor主要由Green Rise的首席增長官亞當·蘇德擁有和控制。因此，蘇德先生是“利害關係方”，根據證券法，這筆交易屬於“關聯方交易”。因此，安大略省證券事務監察委員會(“安大略省證券委員會”)可根據多邊文書61-101(“MI 61-101”)和TSXV根據TSXV的規則和政策。
The Company has made an application to the OSC for exemptive relief pursuant to sections 5.5 (c) and 5.7 (e) of MI -61 101 from the formal valuation and minority approval requirements applicable to related party transactions under MI-61-101 on the basis that the Transaction enjoys the support of persons who jointly beneficially own, or have control and direction over, 14,439,375 voting common shares representing 31.8% of all outstanding common shares of the Corporation ( greater than the 2,578,947 voting common shares beneficially owned by, or over which control and direction is exercised by, Adam Suder as the interested party). Furthermore, the Transaction enjoys the support of a majority of the disinterested shareholders, such persons being principally comprised of members of the Board of Directors, including all independent directors, a former director and certain members of Green Rise Management.
本公司已根據MI-61 101第5.5(C)及5.7(E)條向證券及期貨事務監察委員會申請豁免MI-61-101下適用於關聯方交易的正式估值及少數股東批准規定，理由是該交易獲得共同實益擁有或控制及指揮14,439,375股有表決權普通股的人士支持，相當於本公司全部已發行普通股的31.8%(多於2,578,947股有表決權的普通股由Adam suer作為利害關係方實益擁有或控制及指示)。此外，交易獲得大多數無利害關係股東的支持，該等人士主要由董事會成員組成，包括所有獨立董事、一名前董事人士及Green Rise Management的若干成員。
On April 11, 2022, the TSXV conditionally accepted for filing notice of the Transaction subject to certain conditions, which the Company has addressed in an application for final acceptance filed with the TSXV.
於2022年4月11日，多倫多證券交易所有條件地接受在若干條件下提交交易通知，本公司已在向多倫多證券交易所提交的最終接受申請中提出了這些條件。
The Company is anticipating receipt of exemptive relief from the OSC and final acceptance from the TSXV this month and will announce if and when such relief and acceptance is obtained.
本公司預計本月將收到OSC的豁免減免和TSXV的最終接受，並將宣佈是否以及何時獲得此類減免和接受。
Otherwise, the arrangements for the closing of the Transaction are proceeding satisfactorily, and the Company expects that all other conditions to closing will be satisfied or waived.
否則，完成交易的安排進展令人滿意，公司預計完成交易的所有其他條件將得到滿足或放棄。
ABOUT GREEN RISE
關於綠色崛起
Green Rise is a grower of fresh "Grown in Ontario" produce in 73 acres of greenhouse ranges located in Leamington and Kingsville, Ontario. The best-in-class, contract grower of fresh produce, takes pride in providing high-quality, consistent and dependable produce to meet ever growing consumer demand.
Green Rise公司在安大略省利明頓和金斯維爾73英畝的温室裏種植新鮮的“安大略省種植”農產品。作為一流的新鮮農產品合同種植商，我們以提供高質量、穩定可靠的產品來滿足不斷增長的消費者需求而自豪。
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 environmentally sustainable investment, producing locally grown, bee-pollinated fresh produce. The Company's first range is EFI (Equitable Food Initiative) certified.
利用創新的成長型解決方案和擁抱技術，Green Rise優化其運營，以提高產品質量，尋求最高收益，併為投資者提供有意義的、不斷增長的和可持續的回報。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、由蜜蜂授粉的新鮮農產品。該公司的第一個產品系列通過了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：
Green Rise
George Hatzoglou Phone: +1-416-551-5015
E-mail: info@greenrisefoods.ca
綠色崛起
喬治·哈佐格魯電話：+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
前瞻性陳述
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.
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。