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CubicFarm Systems Corp. Appoints Technology Industry Executive Janet Wood to the Company’s Board of Directors

CubicFarm Systems Corp. Appoints Technology Industry Executive Janet Wood to the Company’s Board of Directors

VANCOUVER, B.C., May 14, 2021 – CubicFarm® Systems Corp. (TSXV:CUB) (“CubicFarms” or the “Company”), a local chain agricultural technology company, announced today that Janet Wood has been appointed to the Company’s Board of Directors.

Janet Wood is recognized globally as a leader in the technology sector and as a successful executive who retired from a rewarding career with several major technology companies including IBM, Crystal Decisions, Business Objects, and SAP. Her success in building global channel partnerships and alliances with leading technology companies will bring invaluable insight to CubicFarms’ Board of Directors.

“It’s clear that the automated indoor growing technologies developed by CubicFarms will empower farmers to grow produce and livestock feed locally, directly addressing critical food security issues,” said Wood. “CubicFarms’ unique patented technologies use less land, less water, and no pesticides or herbicides, using our natural resources respectfully and sustainably.”

“We’re thrilled to welcome Janet Wood, a strong Canadian technology leader, to our Board of Directors. Janet is a trailblazer in the tech industry and influential leader within every organization fortunate enough to benefit from her vision and expertise,” said Jeff Booth, Chair, CubicFarms. “Her significant experience with large software and technology companies will help CubicFarms continue to grow, innovate, and expand internationally.”

“Janet has been instrumental in contributing to the impressive growth of several large multi-national tech giants like SAP, and her experience will be critical as we enter into the high-growth phase of our business in 2021 and beyond,” said Dave Dinesen, CEO, CubicFarms. “Janet is a proven leader and the exact type of person we need to guide our company as we scale our business globally.”

After joining SAP in 2008, Wood’s executive roles included Global Human Resources leader for the Office of the CEO, Global Head of Talent and Leadership, Executive Vice President (EVP) of Global Strategic Partners and EVP of Global Maintenance Go To Market. At Business Objects, she worked as Senior Vice President of Global Partnerships. Wood also served as Vice President of Business Development at Crystal Decisions and held various management positions during her 16-year tenure at IBM. Wood holds a Bachelor’s degree in Business Administration from the University of Alberta, graduating with distinction.

Wood has been recognized with a YWCA Women of Distinction Award and is a past recipient of the Canadian Women’s Executive Network Top 100 Women Award.

An active member of the technology community and known for her leadership skills, Wood served for a year as the interim President and CEO of Science World shortly after retiring from SAP in 2019. Science World is a world class science centre in Vancouver, B.C., that typically welcomes over 800,000 visitors annually and connects with an additional 140,000 students throughout B.C. to advance STEAM learning for science, technology, engineering, the arts, and mathematics.

Wood is active in her community as a partner in B.C. Social Venture Partners, a not-for-profit organization that supports children and families at risk. She is a Board member of ICBC, Pureweb Technologies, and Junior Achievement of B.C. She sits on the University of Alberta Business School Advisory Committee and is the Canadian Regional Member Engagement Officer for Young Presidents Organization – Gold.

Wood will replace John de Jonge, a founding member of the Company’s Board of Directors. He will continue providing guidance in a different capacity by joining the Company’s newly-formed HydroGreen Business Advisory Board.

“We would like to thank John for his many years of service and contributions to the Board of Directors,” said Dinesen. “The HydroGreen Business Advisory Board will benefit from his significant agriculture and dairy experience with Artex and his commitment to our automated indoor growing technologies for farmers and ranchers to produce fresh, nutritious green livestock feed for their animals.”

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. Certain statements in this release may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. 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.com

Investor Contact:
Tom Liston      
T: 416.721.9531
E: tom.liston@cubicfarms.com