An anonymous director reports

CUBICFARM SYSTEMS CORP. ANNOUNCES PRIVATE PLACEMENT

Further to a price reservation filed with the TSX Venture Exchange on Feb. 14, 2025, Cubicfarm Systems Corp. intends to complete a non-brokered private placement of up to 8,333,333 units at a price of 30 cents per unit for gross proceeds of up to $2.5-million. Subject to the approval of the TSX Venture Exchange, the company intends to upsize the offering to up to nine million units for gross proceeds of up to $2.7-million.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of 50 cents per common share on or before the date occurring 12 months following the closing of the offering.

There will be no insider participation in the offering. There will be no finder's fee payable, and proceeds from the offering will be used for general working capital and corporate purposes.

Completion of the offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Cubicfarm Systems Corp.

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

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