Green Rise Reports Record Revenue and EBITDA for the Quarter Ended September 30, 2022
Green Rise Reports Record Revenue and EBITDA for the Quarter Ended September 30, 2022
Toronto, Ontario--(Newsfile Corp. - November 4, 2022) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to announce the release of its interim Q3 2022 consolidated financial results. These results, including the Company's management, discussion, and analysis for the three and nine-month periods ended September 30, 2022, are available on SEDAR () as well as the Company's website ().
安大略省多倫多--(Newsfile Corp.-2022年11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”)高興地宣佈發佈其2022年第三季度中期綜合財務業績。這些結果，包括公司在截至2022年9月30日的三個月和九個月期間的管理、討論和分析，可在SEDAR()以及公司網站()上查閲。
Highlights for the Quarter Ended September 30, 2022:
截至2022年9月30日的季度重點：
- Record revenue of $10.1 million compared to $7.5 million in Q3 of 2021.
- Adjusted EBITDA of $4.6 million versus $3.1 million generated in 2021.
- Continued execution of labor management programs. Labor as a percent of produce sales came in at 26.6% as compared to 29.3% noted for same period in 2021.
- Successful integration of the 16-acre high-tech mini-pepper greenhouse range ("the GR3 acquisition") acquired on June 30, 2022, which contributed $1.5 million in Adjusted EBITDA.
- Execution of an interest rate swap with the Royal Bank of Canada at an all-in rate of 5.09%, for a term of 5 years, to manage the interest rate risk on the $15.35 million in funding used to acquire the GR3 acquisition.
- 創紀錄的收入為1010萬美元，而2021年第三季度為750萬美元。
- 調整後的EBITDA為460萬美元，而2021年產生的EBITDA為310萬美元。
- 繼續執行勞動管理計劃。勞動力佔農產品銷售額的百分比為26.6%，而2021年同期為29.3%。
- 成功整合2022年6月30日收購的16英畝高科技迷你辣椒温室範圍(GR3收購)，貢獻了150萬美元的調整後EBITDA。
- 與加拿大皇家銀行執行利率為5.09%的利率掉期，為期5年，以管理用於收購GR3收購事項的15，35萬美元資金的利率風險。
Highlights for the Nine-month Period Ended September 30, 2022:
截至2022年9月30日的九個月期間的要點：
- Record revenue of $18.6 million compared to $14.5 million for the same period in the prior year.
- Adjusted EBITDA of $6.1 million versus $4.8 million generated in 2021.
- Labor as a percent of produce sales came in at 29.5% versus 32.6% noted in the prior year period.
- 創紀錄的收入為1860萬美元，而去年同期為1450萬美元。
- 調整後的EBITDA為610萬美元，而2021年的收入為480萬美元。
- 勞動力佔農產品銷售額的百分比為29.5%，而去年同期為32.6%。
"The Company continues its focus on produce yield maximization and cost containment. This has allowed the Company to achieve record revenues while balancing the operational risks involved in producing fresh produce. Global inflationary pressures continue to affect all industries and Controlled-Environment Agriculture is no different. Our immediate focus, with our marketer, is to determine the product and price mix for the 2023 grow season. The operational team continues to show efficiencies in both labor and managing other variable costs. We thank them for their continued efforts," said Vincent Narang the Company's Chief Executive Officer.
公司繼續專注於農產品產量最大化和成本控制。這使公司在平衡生產新鮮農產品涉及的運營風險的同時，實現了創紀錄的收入。全球通脹壓力繼續影響所有行業，受控環境農業也不例外。我們和我們的營銷者的當前重點是確定2023年生長季的產品和價格組合。運營團隊在勞動力和管理其他可變成本方面繼續顯示出效率。我們感謝他們的持續努力，“公司首席執行官文森特·納朗説。
ABOUT GREEN RISE
Green Rise is an expert grower in Controlled-Environment Agriculture ("CEA"). The Company has a cultivation capacity of 89 acres, generated by three greenhouse ranges located in Leamington and Kingsville, Ontario. The Company's objective is to be the best-in-class contract grower in CEA of fresh produce. The Company 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 employer of choice and an environmentally sustainable investment, producing locally grown, bee-pollinated fresh produce.
關於綠色崛起
綠色崛起是控制環境農業(“CEA”)的專家種植者。該公司擁有89英畝的種植能力，由位於安大略省利明頓和金斯維爾的三個温室牧場產生。該公司的目標是成為生鮮農產品CEA中最好的合同種植者。該公司以提供高質量、一致和可靠的產品來滿足不斷增長的消費者需求為榮，利用創新的不斷增長的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。該公司很自豪能成為僱主的選擇和環境可持續發展的投資，生產當地種植的蜜蜂授粉的新鮮農產品。
Contact Information
For further information, please contact:
聯繫信息
如需更多信息，請聯繫：
Green Rise Foods Inc.
綠色崛起食品公司。
George Hatzoglou
Phone: +1-416-551-5015
E-mail: info@greenrisefoods.ca
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
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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