06:01:59 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Cubicfarm Systems Corp
Symbol CUB
Shares Issued 263,163,774
Close 2024-01-03 C$ 0.02
Market Cap C$ 5,263,275
Recent Sedar Documents

Cubicfarm sells HydroGreen GLS 808 to Irish company

2024-01-03 10:35 ET - News Release

Mr. John de Jonge of HydroGreen Inc. reports

CUBICFARMS ANNOUNCES SALE OF HYDROGREEN'S COMMERCIAL-SCALE EQUIPMENT TO PIONEERING IRISH AGRICULTURAL COMPANY

Cubicfarm Systems Corp.'s ruminant livestock feed subsidiary company, HydroGreen Inc., has closed an initial sale to a leading agricultural company based in Dublin, Ireland. In this transaction, one HydroGreen GLS 808 machine has been sold with an agreement for HydroGreen to supply an additional four GLS 808 machines for a future sale to facilitate a feed centre in Dublin.

This sale marks a significant development for HydroGreen in its efforts to extend its market reach internationally, with an immediate emphasis on the European Union. The EU has established a framework aimed at enhancing agricultural practices supported by strategic investment initiatives and government subsidies. These initiatives are geared toward the adoption of innovative technologies and equipment in agriculture. This approach is facilitating a shift toward more efficient and sustainable methods in the EU's dairy and agriculture sectors. HydroGreen's involvement in this market is part of this broader trend toward modernization and sustainability in agricultural practices.

"We're excited to announce our first foray into the Irish market with a meaningful partnership, particularly in a country that values food safety, animal well-being, and environmental sustainability," says HydroGreen president, John de Jonge. "With our Irish partner's commitment to becoming a leader in sustainable food systems, our technology has a pivotal role to play."

This deal lays the groundwork for future expansion into Ireland and the United Kingdom, facilitated through a partnership with a private company. This collaboration is particularly notable as it will include research and development trials conducted in association with local state agencies and universities. These trials aim to further innovate and adapt HydroGreen's technology to meet specific regional agricultural needs, emphasizing the company's commitment to sustainable farming practices and cutting-edge agricultural technology.

As part of HydroGreen's strategic vision, the company is equally focused on its domestic initiatives, which involve constructing feed hub facilities in the United States to distribute harvested feed by the ton to surrounding dairy farmers.

About Cubicfarm Systems Corp.

Cubicfarm Systems is a leading local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary agriculture technology solutions enable growers to produce high-quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a subsidiary of Cubicfarm Systems Corp. The Cubicfarm system contains patented technology for growing leafy greens and other crops on-site, indoors, all year round. Cubicfarm provides an efficient, localized food supply solution that benefits people, the planet and the economy.

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