Green Rise Foods Inc. has successfully completed its private placement to George Hatzoglou, the Chief Financial Officer of the company. The transaction, which involved the issuance of 500,000 Common Shares at a cash purchase price of $0.60 per share, was conditionally accepted for filing by the TSX-V and has received permission to close. The private placement, totaling $300,000, was finalized on July 12, 2024.
Under the terms of the agreement, the 500,000 Common Shares are subject to a four-month hold period, meaning they cannot be traded before November 13, 2024, without complying with applicable securities legislation. Additionally, these shares cannot be sold, transferred, or otherwise traded on or through the facilities of the TSX-V or in Canada without prior written approval from the TSX-V until November 13, 2024.
Green Rise Foods is a leading Controlled-Environment Agriculture grower of fresh produce. The company owns three greenhouse ranges, with a total growing capacity of 86.5 acres, including a 15-acre Organic range leased to Mastronardi Produce Ltd. As an environmentally sustainable investment, Green Rise Foods takes pride in providing high-quality fresh products that meet the growing consumer demand for locally grown produce.
For further information, please contact Vincent Narang, Chief Executive Officer of Green Rise Foods Inc., at +1‐416‐551‐5015 or via email at info@greenrisefoods.ca.