CubicFarm® Systems Corp is pleased to announce our largest sale of a commercial-scale system in the US.
Vancouver, BC–(AccessWire – October 8, 11, 2019) – CubicFarm® Systems Corp. (TSXV: CUB) (“CubicFarms” or the “Company”) announces that on October 7, 2019, the Company finalized an agreement for the sale of a large scale commercial CubicFarm system in Montana, USA and received the initial deposit from the customer.
CubicFarms is pleased to announce the sale of its second commercial-scale farm in the US, in the State of Montana. The system’s plan includes 18 CubicFarms patented growing machines, 2 patented germination machines, along with Cubic’s proprietary supporting irrigation system. At approximately $3 million USD, this represents the second-largest sale to date.* The customers purpose-built facility is designed and constructed to accommodate the possibility of doubling future production quickly and efficiently.
“We are very excited to be installing a large CubicFarm System in Montana,” said Dave Dinesen, CEO of CubicFarm Systems Corp. “The location of this installation is quite strategic and will allow our customers to access several markets and leverage logistic resources to further enhance their commercial-scale growing operation. As our customer is already in the farming and produce space, they will be able to expand and diversify quickly and leverage their current infrastructure. CubicFarms will also be installing its latest generation of machine, which provides greater capacity and flexibility to grow more varieties and increase yield”.
*The largest system sale to date was Calgary, Alberta for 23 growing machines, announced on July 11, 2019.