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CubicFarm Systems Corp V.CUB

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

CubicFarm Systems Corp. is a Canada-based local chain agricultural technology company. The Company is engaged in developing and deploying technology to feed a changing world. The Company’s proprietary ag-tech solutions enable growers to produce quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology. The CubicFarms system includes patented technology for growing leafy greens and other crops onsite, indoors, all year round. Its 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, labor, 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.


TSXV:CUB - Post by User

Comment by bandit69on Sep 18, 2022 11:01pm
286 Views
Post# 34970446

RE:RE:RE:RE:RE:The Overhead

RE:RE:RE:RE:RE:The Overhead
therealmccoy wrote: great points bandit69,, really appreciate your posts and points on Cubic Farms....

it'll be interesting to see how things go for CUB going forwards.. i did a tour of Bevo Agro (pre-Zenabis) and the prototype Cubic Farm systems were housed at Bevo in Langley BC (in transport trailers/containers).... very interesting technology/units.... i sold out of Bevo prior to the "Zenabis deal" and subsequent spin-out of Cubic Farms (as Bevo had invested considerable time and money into Cubic Farms and spun CUB out with the "Zenabis deal").....

i have since followed CUB but never invested.... this "shakeup" in management i think should have been done awhile back.... a number of the players from CUB (from the Bevo days) stayed on and i think they needed others to guide CUB as a public company.....

i continue to watch from the sidelines and might take a position...... appreciate all of your posts and points bandit69


Hi therealmccoy.  That's interesting.  I didn't realize CUB was a spin out from Zenabis but I remember you mentioned Zenabis before and I did look up some history.  It's not surprising now then what's happened if many that were operating CUB were in Zenabis too.  I chuckled when I read that the interim? chairman was also involved in the "restructuring" of Zenabis.  Interesting. :0)

As I wrote, I think they will squeak through but it's too early to say.  I would like to know the status of the Wyoming install because from the MD&A's they were responsible for some capex for this project and it appeared by the notes there was a lot of cash going.  I also just read this from the MD&A under Reasearch and Development:

"The Company expects completion of this project in Q4 of this year."

Wow.  for a project that was originally to be completed Q1 22 this is a major miss .  There is something seriously wrong with this.  Maybe this was the dynamite that caused the recent changes to occur other than probably running low on cash.

I saw asks were building up on Friday so let's see if this range holds much longer.  Unless there is some miracle on the horizon, I can see it heading lower yet and thanks for the message and the info re:Zenabis and early days of Cubic modules.  Always interesting to hear history.

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