Green Rise Foods Inc. (TSXV:GRF) entered into a definitive asset purchase and sale agreement to acquire 22 Acre Greenhouse Range Located in Kingsville, Ontario from Mor Gro Farms Inc. for CAD 15.5 million on December 23, 2020. The purchase price is subject to adjustments. The acquisition also includes packing technologies. Green Rise Foods intends to fund the purchase price through a combination of conventional mortgage financing and cash on hand. The acquisition is subject to due diligence, acceptance by the TSX Venture Exchange and customary closing conditions. The transaction is expected to close on February 1, 2021. Green Rise Foods Inc. (TSXV:GRF) completed the acquisition of 22 Acre Greenhouse Range Located in Kingsville, Ontario from Mor Gro Farms Inc. for CAD 15.9 million on February 1, 2021. The acquisition has been funded through a $13 million first mortgage on the property provided by The Royal Bank of Canada. On January 15, 2021, the TSX Venture Exchange provided conditional approval of the acquisition.