Green Rise Foods Announces Q2 Fiscal 2026 Financial Results

Green Rise Foods Inc. (TSXV: GRF) ("Green Rise" or the "Company") is pleased to release its interim condensed consolidated financial results for the three and six-month periods ended June 30, 2026.

Year-to-date fresh produce revenue of CDN $13.3 million for the six-month period ended June 30, 2026, versus $12.2 million for the comparative prior year period, representing an increase of 9% ($12.6 million versus $11.9 million for the three-month period ended June 30, 2026 and June 30, 2025, respectively, representing an increase of 6%). Adjusted EBITDA increased to CDN $2.3 for the six-month period ended June 30, 2026, versus $1.7 million for the six-month period ended June 30, 2025, representing an increase of of $0.6 million or 35% ($3.5 million vs $3.3 million for the three-month periods ended June 30, 2026, and June 30, 2025, respectively, representing an increase of $0.2 million or 6%).

"We are pleased with our results for the second quarter. Robust beef pricing helped offset some headwinds caused by darker days in March and April and excessive heat that occurred in late June. The Company continues make investments in infrastructure and execute crop activities to maximize lighting, reduce disease and mitigate excessive heat. We continue to remain on the trajectory to achieve our annual shipped yield targets," said Enrico "Rick" Paolone, the Company's Board Chair and Interim Chief Executive Officer.

Green Rise uses its wholly owned 89 acres of Controlled-Environment Agriculture Greenhouses to produce high-quality fresh produce under the "SUNSET" brand for Mastronardi Produce Ltd, our distribution partner. Green Rise is proud to be an environmentally sustainable investment providing bee-pollinated, high-quality fresh products to meet the growing consumer demand for locally grown fresh produce.