04:39:13 EDT Thu 24 Sep 2020
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Cubicfarm Systems Corp
Symbol CUB
Shares Issued 84,179,714
Close 2020-05-05 C$ 0.45
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Cubicfarm receives HydroGreen order from GrassCo

2020-05-05 08:51 ET - News Release

Mr. John de Jonge reports


Cubicfarm Systems Corp. has received a signed sales order and payment in full for a six-section HydroGreen system from GrassGo Co. Ltd., based in Tokyo, Japan. GrassGo will sell livestock feed produced by Cubicfarm's HydroGreen system and is also an authorized dealer/distributor of HydroGreen systems for the Japan market. This first machine will be available for demonstration purposes as well to the Japanese market.

The six-section machine and its accompanying seed handling, feed handling and water systems are planned for installation in July, 2020.

"We are excited to have our first feed system sale in Asia. GrassGo's representative toured Cubicfarm's HydroGreen facility in Renner, S.D., and was shown the HydroGreen system's unique process to sprout grains in a controlled environment with minimal use of land, labour and water -- all with the push of a button. GrassGo subsequently placed the order for the system to sell nutritious feed and also use it as a demonstration unit to market to growers in Japan," said John de Jonge, president of HydroGreen, Cubicfarm's feed division.

"Japan, world-renowned for the quality of its beef, holds significant market potential for nutritious livestock feed that could contribute to better animal health, growth, milk production and reproduction. We look forward to building our relationship with GrassGo and supporting its sales efforts."

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 growers around the world to produce high-quality, predictable crop yields.

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