BNN Bloomberg published an article on CubicFarm Systems Corp. The article discusses the issues global food production is facing and CubicFarm's patented technologies.
With population growth, climate change and massive supply-chain disruptions caused by the COVID-19 pandemic, global food production is facing a perfect storm. United Nations statistics indicate the world’s population will increase from the current 7.7 billion to 9.7 billion by 2050 and could peak at nearly 11 billion around 2100. Feeding the world's population down the road is a daunting prospect, especially since 100 per cent of the world’s available agricultural land and water are already being used. Increasingly, farmers and food producers are looking to technological solutions to overcome these growing challenges. A report by the Food and Agriculture Organization of the United Nations cites food system transformation as one of the key aspects in solving the problems of climate variability and extremes, economic slowdowns and downturns as well as increasing food security.
New technological innovations in the agriculture space are something both farmers and investors get excited about. One ag-tech company that's generating excitement is CubicFarm Systems Corp. (TSX: CUB). Headquartered in Langley, B.C., the company was founded by farmers to find innovative indoor growing solutions. The company's automated, onsite, patented CubicFarm technologies are operating at commercial scale. Its Crop Motion Technology™ provides plants with an outdoor growing experience indoors, while minimizing the environmental footprint by maximizing cubic space. The automated, hydroponic growing system uses 95 per cent less water, no pesticides or herbicides, while providing predictable and consistent growing. CubicFarms has developed systems that meet food production challenges to help farmers produce consistent, indoor, high-quality, nutritious food and feed in any climate. Its HydroGreen Grow System and HydroGreen Vertical Pastures technologies enable farmers to grow their own livestock feed indoors, reliably and consistently.
Read the full article here: https://www.bnnbloomberg.ca/discover-the-revolutionary-technologies-that-have-farmers-and-investors-looking-at-cubicfarms-1.1665318
Find out more about CubicFarm System Corp. here: https://cubicfarms.com/