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Cubicfarm Systems Corp
Symbol CUB
Shares Issued 84,179,714
Close 2019-10-07 C$ 0.60
Recent Sedar Documents

Cubicfarm finalizes $3M (U.S.) sale in Montana

2019-10-08 09:49 ET - News Release

Mr. Ross Rayment reports

CUBICFARM(R) SYSTEMS CORP IS PLEASED TO ANNOUNCE OUR LARGEST SALE OF A COMMERCIAL-SCALE SYSTEM IN THE US

On Oct. 7, 2019, Cubicfarm Systems Corp. finalized an agreement for the sale of a large-scale commercial Cubicfarm system in Montana and received the initial deposit from the customer.

Cubicfarm has sold its second commercial-scale farm in the United States, in Montana. The system's plan includes 18 Cubicfarm patented growing machines, two patented germination machines, along with Cubic's proprietary supporting irrigation system. At approximately $3-million (U.S.), this represents the second-largest sale to date. The customers purpose-built facility is designed and constructed to accommodate the possibility of doubling future production quickly and efficiently.

"We are very excited to be installing a large Cubicfarm system in Montana," said Dave Dinesen, chief executive officer of Cubicfarm Systems. "The location of this installation is quite strategic and will allow our customers to access several markets and leverage logistic resources to further enhance their commercial-scale growing operation. As our customer is already in the farming and produce space, they will be able to expand and diversify quickly and leverage their current infrastructure. Cubicfarms will also be installing its latest generation of machine, which provides greater capacity and flexibility to grow more varieties and increase yield."

About Cubicfarm Systems Corp.

Cubicfarm is an agriculture technology and vertical farming company that utilizes patented technology to cultivate high-quality produce. The company believes that it can provide a benefit to the world by significantly reducing the physical footprint of farming, shipping costs and associated greenhouse gasses, while significantly decreasing the use of freshwater and eliminating the need for harmful pesticides.

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