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CubicFarm Systems Corp T.CUB


Primary Symbol: 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

Comment by bandit69on May 16, 2022 12:20pm
324 Views
Post# 34686491

RE:The More Days Pass....

RE:The More Days Pass....
bandit69 wrote: I would say that based on my own investing experience, and simple observations in their financials and operations (i.e. overhead) that as each day passes the higher the odds that there will be a financing.

I don't know, I could be wrong but I am placing my bets on those odds.


Q1 Results out this morning.  Here are the facts, you can determine your own conclusions:

cash and equivalents beginning of period - 21,381,366
cash and equivalents end of period - 12,814,993
cash used during Q1 3mth period - 8,566,373 

Cash and cash equivalents Mar 31 2022 - 12,814,993
Number of staff/contractors increased to 168

and lastly - "we can expect our revenue will be compressed into subsequent quarters of this year"



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