CubicFarms leverages its expertise in controlled-environment agriculture and announces launch of new Control Room system and sale to career field farmer and entrepreneur
VANCOUVER, BC, JUNE 18, 2020 – CubicFarm® Systems Corp. (TSXV:CUB) (“CubicFarms” or the “Company”) is pleased to announce the launch of its new Control Room system for sale to growers looking to grow crops more efficiently by controlling every aspect of the growing environment.
CubicFarms’ Control Room is assembled inside its proprietary stainless steel, fully insulated growing chamber with the option to customize features such as lighting, automated irrigation and nutrient delivery, and full climate control for temperature, humidity and carbon dioxide levels. The system has a variety of sensors available, all of which can be remotely monitored and controlled.
The Control Room enables growers to have complete control over the growing environment that is so crucial for high yields and quality – a capability especially well suited for research and development purposes. The temperature, humidity, lighting and air flow can be properly calibrated to suit crop requirements.
“We are pleased to launch a new product that allows growers to conduct their own growing trials inside a controlled-environment chamber. We’ve had numerous inquiries for this kind of solution and are pleased to be able to support our customers with this technology. We see good market potential for this solution that helps growers fine tune the optimal environmental parameters for growing crops indoors,” commented CubicFarms CEO Dave Dinesen.
“We are confident that once growers experience the consistency and quality of yields achieved in the Control Room, they will seek to automate growing inside our Fresh Produce system, which is essentially the Control Room plus motorized rows of trays containing crops that follow a patented path inside the chamber to ensure all sides of the crop are evenly bathed in light to maximize growth.”
CubicFarms control rooms can be placed inside an existing warehouse or greenhouse to serve as controlled-environment growing chambers to test and develop crop varieties. They can also be placed outside in many environments. It is well-suited for many types of growers, including:
- Greenhouse growers and vertical farmers who have a need to hold larger plants in an environment separate from their existing facility. As an example, a hemp grower who would like to hold the mother plant used for cloning in an ideal environment;
- Growers in the floral or nursery industry who need to hold plants or bulbs at a specific temperature or humidity; and
- Growers undertaking research activities that require different environmental controls than their typical growing space.
CubicFarms announces first sale and installation of control rooms to BC-based field farmer and food entrepreneur
The Company is pleased to announce that it has sold three control rooms to a customer in British Columbia. The control rooms were recently installed at the customer’s site. The customer, an experienced field farmer and consumer packaged foods expert, plans to engage in controlled-environment growing trials of various crops that have traditionally been grown in the field. Mr. Dinesen added: “I’m very excited that CubicFarms can support our customers by leveraging technology we already have, but in this unique way. Our customers never cease to amaze me in how creative and inspiring they are when looking to grow their businesses.”
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.
About CubicFarm® Systems Corp.
CubicFarm Systems Corp. (“CubicFarms”) 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. CubicFarms has two distinct technologies that address two distinct markets. The first technology is its patented CubicFarm™ System, which contains patented technology for growing leafy greens and other crops. Using its unique, undulating-path growing system, the Company addresses the main challenges within the indoor farming industry by significantly reducing the need for physical labour and energy, and maximizing yield per cubic foot. CubicFarms leverages its patented technology by operating its own R&D facility in Pitt Meadows, British Columbia, selling the System to growers, licensing its technology and providing vertical farming expertise to its customers.
The second technology is CubicFarms’ HydroGreen System for growing nutritious livestock feed. This system utilizes a unique process to sprout grains, such as barley and wheat, in a controlled environment with minimal use of land, labour and water. The HydroGreen System is fully automated and performs all growing functions including seeding, watering, lighting, harvesting, and re-seeding – all with the push of a button – to deliver nutritious livestock feed without the typical investment in fertilizer, chemicals, fuel, field equipment and transportation. The HydroGreen System not only provides superior nutritious feed to benefit the animal, but also enables significant environmental benefits to the farm.
Cautionary statement on forward-looking information
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 market potential of the Control Room system and system capabilities. Such statements involve known and unknown risks, uncertainties, and other factors including evolving market conditions, which may cause the actual results, performance, or achievements of CubicFarm Systems Corp., or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or information including the Company obtaining the approval of the Offering from the TSX Venture Exchange. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict”, and other similar terminology, or state that certain actions, events, or results “may”, “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.