- Green Rise Foods (GRF) has reported record numbers across the board in its 2020 financial release, including a $1.7 million increase in revenue
- The company was also named to the 2021 TSX Venture Top 50 list, an annual ranking of the top 50 performing listed companies
- Green Rise is a grower of fresh produce with 73 acres of greenhouse ranges located in Kingsville, Ontario
- Green Rise Foods (GRF) is 12.61 per cent and is trading for $2.50 per share
Green Rise Foods (GRF) has reported record numbers across the board in its 2020 financial release.
Results include a $1.7 million increase in both revenue and earnings from operations in 2020 compared to 2019, as well as an increase in adjusted EBITDA of $2.3 million.
Net income for the year was $0.9 million compared to a $2.2 million loss in 2019.
Vincent Narang, Green Rise Foods CEO, commented on the results.
“We closed out the year by acquiring another greenhouse range, which will help drive the company’s financial growth for 2021. I want to thank our employees, leadership team and business partners for making the success in 2020 possible,” he said.
In December 2020, the company announced the acquisition of Mor Gro Farms, a 22 acre greenhouse range located on a 57 acre farm in Kingsville, Ontario for a purchase price of $15.5 million. The acquisition closed in February 2021.
Green Rise Foods was also named to the 2021 TSX Venture Top 50 list, 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.
Green Rise is a grower of fresh produce with 73 acres of greenhouse ranges located in Kingsville, Ontario.
The company takes pride in providing high-quality, consistent and reliable product to meet the growing consumer demand for locally grown fresh produce.
Green Rise Foods (GRF) is 12.61 per cent and is trading for $2.50 per share at 10:36 am ET.
