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.