Mr. John de Jonge reports

CUBICFARMS SECURES EXCLUSIVITY AGREEMENT WITH AGROTOPIA IRELAND LIMITED AND EXPANDS PRESENCE INTO MIDDLE EAST

Cubicfarm Systems Corp.'s ruminant livestock feed subsidiary company, HydroGreen Inc., has secured an exclusivity agreement with Agrotopia Ireland Ltd., solidifying HydroGreen's influential role in the Irish market. The agreement commits Agrotopia to purchase four additional GLS 808 units for the Irish market, complementing the single-unit sale announced previously on Jan. 3, 2024, culminating in a fleet of five machines dedicated to Ireland's first feed-as-a-service (FaaS) centre.

Furthering its international expansion, HydroGreen has also established an exclusive sales agreement with Agrotopia for its Middle East operations. Agrotopia has committed to purchasing a minimum of two GLS 808 units in 2024 for those additional markets, followed by a minimum of five units annually from 2025 through 2027.

This exclusive partnership emerges from Agrotopia's years of dedicated research and development in the cultivation of wheat and barley sprouts, setting a new standard for highly nutritional livestock feed. Agrotopia and HydroGreen are at the forefront of agricultural innovation, leveraging HydroGreen's patented hydroponic technology. By providing ecofriendly, nutrient-dense feed solutions derived from wheat and barley sprouts, this collaboration aims to transform farming practices, enhance livestock welfare and significantly reduce environmental impact.

This initiative not only addresses Ireland and the United Kingdom's heavy reliance on imported feed but also tackles the challenges posed by climate change, such as the decreasing viability of traditional silage cultivation and grazing.

The technology's potential will be showcased in a pilot program at Finnegans Farm in Balrath, Navan, County Meath, Ireland, starting in May, 2024. This initiative will serve as a model for livestock farmers in the beef, dairy, chicken and equine sectors and will allow farmers to evaluate the benefits of hydroponic feed solutions first-hand.

Agrotopia's strategic vision includes the expansion of feed centres throughout Ireland and the United Kingdom, in addition to extending its reach into the Middle East, with the aim of enhancing global food security and sustainability.

This agreement marks another milestone for HydroGreen in its efforts to extend its market reach internationally in collaboration with strong qualified partners, with an immediate emphasis on the European Union. The European Union 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 new technologies and equipment in agriculture. This approach is facilitating a shift toward more efficient and sustainable methods in the European Union's dairy and agriculture sectors.

"We are enthusiastic about establishing our technology in Ireland in collaboration with Agrotopia and equally pleased to announce the extension of our partnership into the Middle East," said John de Jonge, president of HydroGreen. "These agreements represent important steps in our company's growth and in promoting more sustainable agricultural practices internationally."

The agreement also paves the way for future development and potential market growth in Ireland, the United Kingdom and Middle East. Research and development trials in conjunction with local state agencies and universities will be conducted to further enhance and tailor HydroGreen's technology to meet the agricultural needs of these regions. HydroGreen's approach goes beyond merely fulfilling immediate feed demands; it is about fostering a sustainable, resilient agricultural landscape, characterized by reduced greenhouse gas emissions and improved animal health.

About HydroGreen Inc.

HydroGreen produces Automated Vertical Pastures, a type of smart farming equipment that uses a unique process to sprout grains such as wheat and barley, in a controlled growing environment to efficiently produce a high performance feed ingredient for livestock 365 days a year. HydroGreen's equipment is simple and easy to operate and performs all growing functions automatically, including seeding, watering, lighting, harvesting and reseeding, which allows livestock businesses to feed consistent nutrition every day with minimal labour. When balanced correctly in the ration, HydroGreen sprouted grain modifies animal digestion, which enhances productivity and reduces the amount of enteric methane emitted in ruminant livestock. The result also enables environmental benefits to the farm while helping to meet increasing demand for valuable farm-based inset and offset carbon credits.

About Cubicfarm Systems Corp.

Cubicfarm is a leading local-chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary agricultural technology solutions enable growers to produce high-quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a subsidiary of Cubicfarm Systems. 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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