Green Rise Foods Inc. Announces Completion of Name Change from Green Rise Capital Corporation

Toronto, Ontario--(Newsfile Corp. - October 16, 2020) - Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company"), is pleased to announce the completion of its name change from Green Rise Capital Corporation. The Company received shareholder approval for this name change at the annual general and special meeting of shareholders held on July 8, 2020 and received approval from the TSX Venture Exchange on October 15, 2020. The articles of amendment effecting the name change are available on the Company's SEDAR profile at www.sedar.com.

There is no action required by current shareholders in connection with this change, and no change has been made to Green Rise's share capital. There is no change in the Company's ticker symbol on the TSX Venture Exchange and no consolidation of capital.

About Green Rise

Green Rise is a grower of fresh produce with a producing, 51-acre greenhouse on its 81-acre farm located in Leamington, Ontario. Poised to be the "best-in-class" contract grower of fresh produce, the Company takes pride in providing high-quality, consistent and reliable product to meet the growing consumer demand for locally grown fresh produce. By leveraging innovative growing solutions and embracing technology, Green Rise seeks to optimize its operations to generate improved product quality and shelf life, expand profit margins, and provide investors with meaningful and growing returns.

Contact Information

For further information, please contact:

Green Rise
Vincent Narang, Chief Executive Officer
Phone: 416-861-9001
E-mail: [email protected]

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 and Bull Market, or their respective financial or operating results or (as applicable), their securities.

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.

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