Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum CubicFarm Systems Corp V.CUB.DB


Primary Symbol: V.CUB Alternate Symbol(s):  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... see more

TSXV:CUB - Post Discussion

CubicFarm Systems Corp > Almost 100? People on the Payroll and....
View:
Post by bandit69 on Jun 11, 2021 12:02pm

Almost 100? People on the Payroll and....

they are still looking to add 13 more......

https://cubicfarms.com/careers/#open-positions

Are these people delusional?  

There is one piece missing from all of this that I have already written about.....lack of sales and long sales finalizations/revenue recognition.  So, again, either they see a large sales volume coming or they are delusional and pretending they are bigger than they are.  

I love the story / technology.  But the staffing and overhead is certainly not warranted for the revenues to date in my opinion.

Cash burn = eventual dilution and that just occurred as I had been writing about.  There is large insider ownership and third party ownership but, that is diluting with each financing.  Why dilute themselves?  This is the piece I seem to be missing.  Again, they must see something coming because that is the only reason I can see for this massive overhead insanity.
Be the first to comment on this post
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities