Green Rise Foods Completes 16-Acre Greenhouse Acquisition
Green Rise Foods Completes 16-Acre Greenhouse Acquisition
Toronto, Ontario--(Newsfile Corp. - July 4, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce that it has completed its acquisition through its wholly-owned subsidiary, Bull Market Farms Inc., of a 16-acre greenhouse range ("GR3") located in Kingsville, Ontario, for cash consideration of $15 million (the "Acquisition"). The greenhouse range was previously owned by 2073834 Ontario Limited ("Vendor"), a company principally owned and controlled by Adam Suder, the Chief Growth Officer of Green Rise.
安大略省多倫多-(Newsfile Corp.-2022年7月4日)-Green Rise Foods Inc.(多倫多證券交易所股票代碼：GRF)(以下簡稱“Green Rise”或“公司”)欣然宣佈，已通過其全資子公司Bull Market Farm Inc.完成了對位於安大略省金斯維爾的16英畝温室牧場(GR3)的收購，現金對價為1500萬美元(以下簡稱“收購”)。該温室牧場之前由2073834安大略省有限公司(“供應商”)擁有，該公司主要由Green Rise的首席增長官Adam Suder擁有和控制。
"We are excited to add a high-yielding greenhouse currently producing and packing mini peppers under fixed contract pricing. The addition of this product sku further diversifies our product base allowing the Company to meet the increasing demand for specialty products," said Vincent Narang, the Company's Chief Executive Officer.
該公司首席執行官文森特·納朗表示：“我們很高興能增加一個目前以固定合同價格生產和包裝迷你辣椒的高產温室。這種產品SKU的增加進一步擴大了我們的產品基礎，使公司能夠滿足對特種產品日益增長的需求。”
With this Acquisition the Company has added 11-acres of glass and 5-acres of double poly greenhouses to its total portfolio of 89-acres. The Company has also increased the number of acres cultivated under fixed contract pricing from 36 acres to 52 acres, or 70% of its total managed acreage (up from 62% as compared to the start of the 2022 crop season and 31% from the 2021 crop season). The strategy of fixed contract pricing and the Company's continued focus on managing expenses is critical to providing stable and consistent cash flows.
通過此次收購，該公司在其89英畝的總投資組合中增加了11英畝的玻璃和5英畝的雙層塑料温室。該公司還將固定合同定價下的種植面積從36英畝增加到52英畝，佔其總管理面積的70%(與2022年作物季節開始相比增加了62%，與2021年作物季節開始相比增加了31%)。固定合同定價的戰略和公司繼續專注於管理費用對於提供穩定和一致的現金流至關重要。
As the Vendor is principally owned and controlled by Mr. Suder, the Chief Growth Officer of Green Rise, the Acquisition was considered a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Holders in Special Transactions ("MI 61-101") and, as such, the Acquisition was subject to the formal valuation and disinterested shareholder approval requirements of MI 61-101, unless an exemption is relied on. Accordingly, as the Company's common shares are listed on the TSX Venture Exchange, the Company relied on the exemption from the formal valuation requirements set forth in Section 5.5(b) of MI 61-10. No exemption from the disinterested shareholder approval requirements of MI 61-101 were available to Green Rise, and therefore, at the Company's annual general meeting held on June 29, 2022, the Company sought and received disinterested shareholder approval of the Acquisition.
由於供應商主要由Green Rise的首席增長官蘇德先生擁有和控制，根據多邊文書61-101，此次收購被認為是一項“關聯方交易”-特殊交易中對少數股東的保護(“MI 61-101”)，因此，收購須遵守MI 61-101的正式估值及股東批准規定，除非依賴豁免。因此，由於本公司的普通股在多倫多證券交易所創業板上市，本公司依賴豁免遵守MI 61-10第5.5(B)節規定的正式估值要求。Green Rise並無豁免遵守MI 61-101無利害關係股東批准的規定，因此，在本公司於2022年6月29日舉行的股東周年大會上，本公司尋求並獲無利害關係股東批准收購事項。
Further details on the GR3 acquisition are included in the Company's May 31, 2022, proxy circular available under the Company's issue profile on SEDAR ().
有關收購GR3的更多細節載於公司2022年5月31日的委託書通函，可在公司在SEDAR()上的發行簡介下查閲。
ABOUT GREEN RISE
關於綠色崛起
Green Rise is a grower of fresh "Grown in Ontario" produce in 89 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. 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.
Green Rise是一家在安大略省利明頓和金斯維爾的89英畝温室範圍內種植新鮮“安大略省種植”農產品的公司。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日益增長的消費者需求而自豪。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.
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。
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要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。