VANCOUVER, B.C., September 1, 2021 – CubicFarm® Systems Corp. (“CubicFarms” or the “Company”) (TSX:CUB), a local chain agricultural technology company, today announced that its common shares will commence trading on the Toronto Stock Exchange (TSX) as of the opening of trading on Wednesday, September 1, 2021. The Company’s common shares will continue to trade under the symbol “CUB,” with its common shares to cease trading on the TSX Venture Exchange concurrent with the commencement of trading on the TSX.
“The Toronto Stock Exchange is among the global leaders in listing public companies and is the premier exchange in Canada,” said Dave Dinesen, Chief Executive Officer, CubicFarms. “Uplisting to the TSX is an important milestone for CubicFarms as it provides us with broader access to investors seeking best-in-class ESG (Environmental, Social, and Governance) investments in ag-tech.”
CubicFarms AMPLIFIED
On October 21, 2021, the Company is hosting the highly-anticipated CubicFarms AMPLIFIED one-hour online event to launch its new ag-tech category and share its current and future CubicFarms and HydroGreen technologies. Special event guest speakers include Canadian astronaut Chris Hadfield, sustainability expert Henry Gordon-Smith, Dr. Lenore Newman, Director of the Food and Agriculture Institute at the University of the Fraser Valley (UVF), and more. To receive your complimentary ticket to CubicFarms AMPLIFIED and be notified when event registration opens, please contact investors@cubicfarms-web.azurewebsites.net.
Warrants Update
The Company is pleased to announce that we have renegotiated and eliminated 4,067,759 share purchase warrants and reduced the total number of the Company’s issued and outstanding warrants by approximately 36% to 6,399,371 warrants. The Company’s sole warrant holder, Cubic Manufacturing Ltd., canceled 4,067,759 share purchase warrants and exercised 3,662,966 of its remaining 10,062,337 share purchase warrants on August 20, 2021.
About CubicFarms
CubicFarms is a local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a division of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops onsite, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy.
For more information, please visit www.cubicfarms.com.
On behalf of the Board of Directors
“Dave Dinesen”
Dave Dinesen, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
Media Contact:
Andrea Magee
T: 236.885.7608
E: andrea.magee@cubicfarms-web.azurewebsites.net
Investor Contact:
Tom Liston
T: 416.721.9531
E: tom.liston@cubicfarms-web.azurewebsites.net
“Our family is dedicated to protecting the prairie. We strive to work smarter on our ranch by applying our business and consulting expertise and focusing on ranch innovation and sustainability. With climate change, technology advances and decreasing natural resources, we know we must operate our ranch differently. With the HydroGreen system, we can now produce better, faster, and stronger for ourselves and the planet.”
“My family is originally from Holland, I grew up on a dairy farm, and I’ve been in the industry all my life. Talking with my parent’s friends who are immersed in the veggie industry, they recommended Iinvestigateoptions to produce lettuce in a sustainable way. I looked into the greenhouse and indoor vertical warehouse systems, but they could not meet my needs. I needed to minimize my risk, space and lower my labor costs.
“After a significant drought and taking over my family ranch, I was looking for a more cost-effective way to produce our fodder. I knew there were better producer options out there, but most of the systems had too much manual labour and seed obligations that were not cost-effective. The HydroGreen system’s value proposition was compelling. The fodder’s nutritive value is exceptional for our herd and the system is time-efficient. I run one piece of machinery for 35 mins a day when in the past, it would have taken me a few hours a day and three machines using traditional equipment. In our neck of the woods, one six-rack HydroGreen system is the equivalent to 320 acres of South Dakota prairie sitting inside a 60 x 40 building. It is essentially drought resistant ‘Land on a Stand’ which produces grass every day, in any weather, in less than an hour.”