Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Green Rise Foods Inc. (V:GRF)

Business Focus: Vegetable, Fruit & Nut Farming

Sector:  Consumer Non-Cyclicals Industry:  Fishing & Farming
 
Company Contact
Address: 47 Colborne Street, Suite 301
TORONTO ON M5E 1P8
Tel: N/A
Website: https://www.greenrisefoods.ca
IR: See website
Key People
N/A    
Business Overview
Green Rise Foods Inc. is a Canada-based controlled-environment agriculture grower of fresh produce. The Company wholly owns about 72 acres of greenhouse ranges and an additional 15-acre organic range leased to Mastronardi Produce Ltd. The Company is a grower of fresh produce with about 89 acres of greenhouse ranges, including a 51- acre greenhouse (Green Rise 1) located in Leamington, Ontario, and a 22-acre and a 16-acre greenhouse (Green Rise 2 and Green Rise 3), both located in Kingsville, Ontario. The seasonal operation consists of the growing, packaging and the sale of produce. Green Rise 1 grows medley and piccolo varieties. The Company also leases 15-acres of its GR1 greenhouse to one customer, who is growing organic peppers. Its products include One Sweet Peppers, MiMi Gourmet Tomatoes, Zima, XL Beef, Wild Wonders, Honey Bombs, and Mini Kumato.
Financial Overview
For the nine months ended 30 September 2023, Green Rise Foods Inc. revenues increased 19% to C$22.1M. Net income totaled C$1.7M vs. loss of C$334K. Revenues reflect Sales of fresh produce increase of 19% to C$21.5M, Rent and Other increase of 15% to C$598K. Net Income reflects Net change in fair value of biological a increase from C$557K to C$2.4M (income), Land transfer taxes decrease from C$273K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $70.83M as of Sep 30, 2023
Annual revenue (TTM): $26.56M as of Sep 30, 2023
EBITDA (TTM): $7.15M as of Sep 30, 2023
Net annual income (TTM): $0.29M as of Sep 30, 2023
Free cash flow (TTM): $6.68M as of Sep 30, 2023
Net Debt Last Fiscal Year: $46.40M as of Sep 30, 2023
Shares outstanding: 46,505,732 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization