CubicFarms Announces New HydroGreen Feed Centre Site in Chowchilla, California

Jun 13, 2024 | Press Releases

VANCOUVER, British Columbia, June 13, 2024 – CubicFarm® Systems Corp. (“CubicFarms” or the “Company”) (TSX-V:CUB), a leading agricultural technology company, is pleased to announce that its ruminant livestock feed subsidiary company, HydroGreen Inc. (“HydroGreen”) has identified a new feed centre site in Chowchilla, California, located in the heart of the California Central Valley. This facility will be dedicated exclusively to supporting dairy operations in the surrounding Chowchilla region, enhancing the sustainability and efficiency of local dairy farms.

The new site is part of HydroGreen’s strategic expansion to meet the growing demand for sustainable livestock feed solutions. Market Offtake Agreements (“MOTs”) have been signed with a group of local dairy operations to supply 85 tons of HydroGreen’s high-quality feed daily. The feed centre, equipped with 40 GLS 808 machines, will have the capacity to produce 128 tons of fresh sprouted grains each day. These agreements ensure that the feed will be supplied at market prices, supporting the economic and environmental goals of dairy farmers in the region.

“The identification of our third feed centre in Chowchilla demonstrates our commitment to the dairy industry and our focus on sustainable agricultural practices,” said John de Jonge, CEO of HydroGreen. “By localizing feed production, we aim to reduce transportation costs and environmental impact, providing fresh, high-quality feed directly to dairy operations in Chowchilla and the surrounding areas.”

The Chowchilla feed centre is strategically located to leverage the agricultural strengths of the California Central Valley, known for its significant contribution to the nation’s dairy supply. This initiative not only supports local agriculture but also aligns with HydroGreen’s mission to revolutionize feed production through innovative, sustainable agricultural technologies.

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About HydroGreen
HydroGreen’s Automated Vertical Pastures™ technology utilizes a unique process to sprout grains, such as barley and wheat, in a controlled environment with minimal use of land, labour and water. HydroGreen’s fully automated indoor growing technology performs all growing functions including seeding, watering, lighting, harvesting, and re-seeding—all with the push of a button—to deliver nutritious fresh forage for livestock without the typical investment in fertilizer, chemicals, fuel, field equipment, and transportation. Automated Vertical Pastures™ not only provide superior nutritious feed to benefit the animal but also enable significant environmental benefits to the farm.

About CubicFarms
CubicFarms is a leading 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.

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Forward looking and other cautionary statements 
Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including, without limitation, statements with respect to: the estimated harvesting capabilities of the machines, nutritional benefits of feed produced by the machines and quality of the feed in general. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such statements can be identified by the use of words such as “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict”, and other similar terminology, or state that certain actions, events, or results “may”, “can”, “could”, “would”, “might”, or “will” be taken, occur, or be achieved.

These statements reflect the Company’s current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company’s expectations regarding future events, performance, or results change.