Green Rise Foods to be Acquired by Pereira Verde

10:59 AM EDT, 10/19/2026 (MT Newswires) -- Green Rise Foods (GRF.V) said Monday it has agreed to be acquired by Pereira Verde in a deal under which shareholders will receive CA$0.43 in cash for each share held. Pereira Verde, an entity owned and controlled by Green Rise Director and Co-Founder Vincent Narang and Green Rise Chief Financial and Chief Operating Officer George Hatzoglou, will acquire all of the issued and outstanding common shares of Green Rise not held by Narang, Hatzoglou and certain persons associated with them. The deal values the company's total equity at about CA$20.48 million on a fully diluted basis, it said. The company expects the deal to close later in December 2026. Shares of Green Rise are expected to be delisted from the TSXV after closing of the deal. The company also issued to Opus Financial, a non-convertible promissory note of CA$1.2 million evidencing a loan from Opus to the company in two advances of CA$600,000. The first advance is being made on Monday, and the second advance is expected to be made on October 30, 2026, it said. The company's shares last traded Oct. 6, closing at CA$0.37 on the TSX Venture Exchange.