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CubicFarm Systems Corp V.CUB

Alternate Symbol(s):  CUBXF | V.CUB.DB

CubicFarm Systems Corp. is a Canada-based local chain agricultural technology company. The Company provides automated on-site commercial scale food and livestock feed technologies through research and development, manufacture, and sale of hydroponic growing systems. The Company operates through two segments: Feed Division and Fresh Division. The Feed Division segment operates using the Company’s HydroGreen technology for growing nutritious livestock feed. The Company's Fresh Division segment operates using the CubicFarm System, which contains CubicFarms technology for growing leafy greens and other crops. The HydroGreen System performs various growing functions, including seeding, watering, lighting, harvesting, and re-seeding. The CubicFarm System grows leafy greens, herbs, and microgreens. Its subsidiaries include CubicFarm Manufacturing Corp., CubicFarm Innovation Corp., CubicFarm Services Corp., CubicFarm Produce (Canada) Corp. and CubicFarm Capital Corp., among others.


TSXV:CUB - Post by User

Post by phantom666on Nov 06, 2023 7:52am
157 Views
Post# 35718882

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VANCOUVER, BCNov. 6, 2023 /CNW/ - CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX: CUB), a leading local chain agricultural technology company, a leading local chain agricultural technology company, announces a follow up order for an additional 2 HydroGreen DGS 66 machines to Golden Rule Dairy, located in Elfrida, Arizona.

In July 2023, CubicFarms' ruminant livestock feed subsidiary company, HydroGreen Inc. ("HydroGreen"), commissioned a HydroGreen DGS 66 machine at Golden Rule Dairy, a 100% family-owned and operated Jersey cow dairy. This milestone marked a significant advancement in delivering optimal nutrition to dairy cows through HydroGreen's innovative technology.

Golden Rule Dairy has further embraced HydroGreen's cutting-edge solutions by placing an order for an additional 2 DGS 66 machines. This expansion underscores the success of the current HydroGreen systems in place at Golden Rule Dairy and signals a commitment to enhancing the nutritional quality and performance outcomes of their herd.

"Our journey with HydroGreen began with a comprehensive tour of their Innovation Center in South Dakota, leading us to the pivotal decision to invest in an initial DGS 66 system. Faced with the challenge of limited land on our 15-acre dairy, the DGS presented us with a transformative solution: the ability to grow our own high-quality feed on-site. And not just any feed—the best feed!" said Justin Strite, Manager and Production Supervisor at Golden Rule Dairy. "The initial phase involved a learning curve, from perfecting the environmental controls to optimizing water schedules. However, the perseverance to master the cultivation of barley in a controlled setting has been worth it, offering us capabilities beyond the scope of traditional farming. Since its inception on our farm, our DGS system has delivered consistent, tangible benefits, leading to a substantial 33% cost savings on feed within five months. This efficiency has encouraged us to expand, adding two more units to our operation."

CubicFarms' HydroGreen technology revolutionizes the dairy industry by producing fresh, nutritious forage in a controlled environment. HydroGreen machines ensure a consistent and high-quality feed source for dairy cows while optimizing water usage, reducing reliance on external feed sources, and providing dairy farmers with greater control over their herd's nutrition. With the ability to enable daily harvesting, HydroGreen technology allows for up to 365 harvests annually, surpassing the typical two harvests achieved through traditional farming methods.

John de Jonge, Interim CEO and President at HydroGreen, stated, "Having spent my entire life in the dairy industry, it warms my heart to see more and more progressive dairy farmers understand the benefits of feeding HydroGreen to their herds. The Strite family is an industry leader when it comes to caring for their herd. Golden Rule's use and expansion of HydroGreen's technology underscores the tangible benefits our systems provide to progressive dairy operations, enabling them to differentiate themselves in the market and achieve sustainable success. We are proud to partner with them and be a small part of their success."

For more information, please visit www.cubicfarms.com and www.hydrogreenglobal.com.

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