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Cubicfarm Systems Corp
Symbol CUB
Shares Issued 84,179,714
Close 2020-03-05 C$ 0.20
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Cubicfarm appoints Fernback acting CFO

2020-03-05 19:26 ET - News Release

Mr. Dave Dinesen reports

CUBICFARM SYSTEMS ANNOUNCES APPOINTMENT OF INTERIM CHIEF FINANCIAL OFFICER

Tim Fernback has joined Cubicfarm Systems Corp. as its interim chief financial officer, effective immediately. Mr. Fernback replaces outgoing interim chief financial officer Rodrigo Santana as he resumes his role as chief operating officer (COO).

Mr. Fernback has over 25 years of finance experience as a director and officer of public and private technology, natural resources, health and bioscience companies. In the past, he has held senior executive positions within the investment banking and venture capital industries, as well as progressively senior executive officer positions within growing businesses, including ModoHR Technologies, Upstream Biosciences and Ronin8 Technologies.

In addition to these senior finance and operations positions, Mr. Fernback has worked as a consultant in a variety of industries, including biotechnology, software as a service, software, hospitality, manufacturing, mining, oil and gas, and real estate development.

Mr. Fernback has served on the board of numerous companies listed on the TSX Venture Exchange. He currently holds directorships in TSX-V-listed Deep-South Resources, Nevada Energy Metals, Surge Exploration and Tri Capital Opportunities.

He holds a bachelor of science degree in microbiology from McMaster University and a master of business administration degree, specializing in finance, from the University of British Columbia. He is also a designated chartered professional accountant and certified management accountant.

Cubicfarm's chief executive officer, Dave Dinesen, commented: "We are excited to have Tim join the Cubicfarm team. He brings a wealth of experience, providing financial leadership to high-growth technology companies. His in-depth knowledge of corporate finance, operations management, strategic go-to-market initiatives, supply chain management, and mergers and acquisitions will be immensely valuable during this critical period as we focus on our share offering announced yesterday and ongoing scale-up of the business to serve our customers in the fresh produce and nutritious livestock feed space.

"We also thank Rodrigo for stepping up and acting as interim CFO, providing leadership and guidance on our first financial statement filings, and for his contributions to our preparations for the offering -- in addition to his day-to-day COO responsibilities. We look forward to his continued leadership in enhancing our operational capabilities and innovative technologies to support our growth objectives."

About Cubicfarm Systems Corp.

Cubicfarm is a technology company that is developing and deploying technology to feed a changing world. Cubicfarm has two distinct technologies that address two distinct markets. The first technology is its patented Cubicfarm system, which contains patented technology for growing leafy greens and other crops.

The second technology is Cubicfarm's HydroGreen system for growing nutritious livestock feed.

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