Mr. Vincent Narang reports

GREEN RISE FOODS ANNOUNCES Q3 FISCAL 2025 FINANCIAL RESULTS

Green Rise Foods Inc. has released its interim condensed consolidated financial results for the three- and nine-month periods ended Sept. 30, 2025.

The complete interim condensed consolidated financial statements and associated management's discussion and analysis (MD&A) are available under the company's profile at SEDAR+.

Selected highlights for the three- and nine-month periods ended:

• Year-to-date fresh produce revenue of $23.4-million for the nine-month period ended Sept. 30, 2025, versus $23.9-million for the comparative prior-year period, representing a decrease of 2 per cent ($11.3-million versus $11.5-million for the three-month period ended Sept. 30, 2025, and Sept. 30, 2024, respectively, representing a decrease of 2 per cent).
• Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) decreased to $4.6-million for the nine-month period ended Sept. 30, 2025, versus $6.7-million for the nine-month period ended Sept. 30, 2024, representing a decrease of $2.1-million or 31 per cent ($2.9-million versus $3.6-million for the three-month periods ended Sept. 30, 2025, and Sept. 30, 2024, respectively, representing a decrease of $700,000 or 19 per cent).

"A colder winter and excessive heat waves in late June, mid July and early to mid-August, along with the timing of certain government grants recognized in the prior-year comparative nine-month period ended Sept. 30, 2024, were the primary factors behind the decline in adjusted EBITDA. Despite these challenges, our grow teams worked diligently to mitigate these impacts and we anticipate a solid fourth quarter to finish the year strong. We have also finalized our 2026 crop selections with our partner Mastronardi Produce Ltd.," said Vincent Narang, the company's chief executive officer.

About Green Rise Foods Inc.

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., the company's 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.

We seek Safe Harbor.