An anonymous director reports
CUBICFARM SYSTEMS CORP. DEFERS PROPOSED OFFERING OF UP TO $8,000,000 OF COMMON SHARES IN CONNECTION WITH PRELIMINARY SHORT FORM PROSPECTUS
Cubicfarm Systems Corp.'s offering of common shares in the amount of up to approximately $8-million with respect to its preliminary short form prospectus filed on March 4, 2020, has been deferred until further notice, due to market conditions and the company's sufficiently capitalized position as a result of the receipt of deposits from fresh produce and nutritious livestock feed machine sales previously disclosed this month.
The offering was being conducted on a best efforts agency basis under the terms of an agency agreement to be entered into between the company and Raymond James Ltd. as sole bookrunner and co-lead agent with Canaccord Genuity Corp. and Beacon Securities Ltd.
About Cubicfarm Systems Corp.
Cubicfarm Systems is a technology company that is developing and deploying technology to feed a changing world. Its proprietary technologies enable farmers around the world to grow high-quality, predictable crop yields.
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