Core Insights - HydroGreen, a subsidiary of CubicFarm Systems Corp., has secured a third order of five GLS 808 machines from Agrotopia Ireland, indicating a growing demand for its Automated Vertical Pastures™ system in Ireland's livestock sector [1][2][3] Company Overview - HydroGreen specializes in producing Automated Vertical Pastures™, which efficiently sprout grains like wheat and barley in a controlled environment to create high-performance livestock feed year-round [6] - The technology automates all growing functions, allowing livestock businesses to provide consistent nutrition with minimal labor [6] Industry Context - The increasing adoption of HydroGreen's systems highlights the importance of agricultural trade shows, where farmers seek cost-effective, climate-smart feed alternatives [2] - Agrotopia, as a leading hub for sustainable agriculture in Ireland, integrates advanced hydroponic technology to produce fresh, nutrient-rich fodder for livestock, enhancing agricultural efficiency and reducing environmental impact [8][9] Partnership Dynamics - The partnership between HydroGreen and Agrotopia has been beneficial, with Agrotopia planning a rapid expansion in 2025-2026 due to the success of initial installations [3] - Agrotopia's strategic location provides excellent access to regional and national fairs, enhancing the visibility of HydroGreen's technology [3] Market Trends - The demand for sustainable and efficient agricultural solutions is driving advancements in technology, with HydroGreen's systems positioned to meet the needs of progressive beef and dairy farmers [2][9] - The focus on reducing input costs while improving feed reliability and animal performance is a key trend in the livestock sector [3]

Core Insights - CubicFarm Systems Corp. has completed the HydroGreen GLS 808 machine installation at Redmond Heritage Farms, addressing the rising demand for natural livestock feed solutions [1][3] - The project, valued at USD $340,308 (CAD $493,000), aligns with the company's mission to promote healthier and sustainable food production [2] - The completion of this project is part of a broader trend towards regenerative agriculture and natural livestock diets, reflecting consumer demand for cleaner food products [4] Financial Impact - Revenue from the Redmond Heritage Farms project will be recognized in Q1 2025, following the company's conservative revenue recognition policy [5][6] - Revenue from three previously commissioned projects will be recognized in Q4 2024, ensuring transparency in financial reporting [6] Market Trends - The grass-fed beef market is projected to reach USD $13.3 billion in 2025, growing at a CAGR of 4.4%, driven by consumer demand for antibiotic-free and naturally raised livestock [7] - Redmond Heritage Farms is committed to pasture-feeding its cows and using fresh, roughage-based diets, aligning with the growing consumer preference for natural products [8][10] Sustainability Initiatives - The HydroGreen GLS 808 machine is expected to produce half of the farm's daily feed using about 95% less water than traditional farming methods, promoting sustainability [11] - The project supports local agriculture and aims to optimize livestock nutrition while reducing environmental impact [10][11] Company Overview - HydroGreen specializes in Automated Vertical Pastures™, providing innovative indoor growing solutions for livestock feed [14] - CubicFarms develops ag-tech solutions to produce high-quality, predictable produce and livestock feed, contributing to a localized food supply [15] - Redmond Heritage Farms focuses on natural farming practices, producing raw milk and pasture-fed meat products, catering to health-conscious consumers [16]

Core Insights - CubicFarm Systems Corp. has successfully launched its first Feed-as-a-Service (FaaS) facility in partnership with Plainview Beef in Kansas, marking a significant milestone in agricultural technology [1][2] - The facility began operations in November 2024 and is designed to provide highly nutritious sprouted feed to enhance the health and quality of beef cattle [3][4] Company Developments - The partnership with Plainview Beef was initiated in April 2024, leading to the establishment of a fully operational commercial-scale feed center [2] - Phase 1 of the Feed Centre commenced daily feed production, allowing for grass-fed feed trials for a selected beef herd [4] - Following successful trials, Plainview Beef plans to expand the project with additional modules in 2025, indicating confidence in the HydroGreen facility's role in their operations [4][5] Industry Impact - The collaboration aims to provide a differentiated, healthier option for American consumers by producing grass-fed beef with enhanced nutritional value [3][5] - HydroGreen's technology allows for year-round production of high-performance feed, contributing to environmental benefits and meeting the growing demand for sustainable farming practices [9][10] - Plainview Beef, with over 100 years of experience in the cattle ranching industry, is positioned to become a leader in the grass-fed beef market, targeting a $500 million annual business [11]

Core Points - CubicFarm Systems Corp. has received approval from the TSX Venture Exchange for the reinstatement of trading of its common shares after a previous suspension due to a failure-to-file cease trade order [1] - The cease trade order was issued by the British Columbia Securities Commission on July 15, 2024, and was revoked on January 16, 2025, allowing the company to resume trading soon [1] - As of September 30, 2024, the interim CEO, John de Jonge, provided a loan of $1,288,438 to the company, which is classified as a related party transaction and is exempt from formal valuation and minority shareholder approval requirements [2] - The company is involved in a legal claim regarding a breach of a consulting agreement, with mediation scheduled for April 2025, but it does not expect the claim to materially affect its operations or financial condition [3] Company Overview - CubicFarms is focused on developing agricultural technology solutions to provide high-quality produce and livestock feed, utilizing HydroGreen Nutrition Technology [5] - The company’s proprietary systems allow for year-round indoor cultivation of crops, contributing to a localized food supply that benefits the economy and environment [6]

Core Viewpoint - CubicFarm Systems Corp. has successfully revoked a cease trade order and is taking steps to improve its financial situation through loan negotiations and sales deals [1][4][6]. Financial Updates - The British Columbia Securities Commission revoked the failure-to-file cease trade order issued on July 15, 2024, allowing the company to proceed with its financial disclosures [1][3]. - The company has filed its audited annual financial statements for the year ended December 31, 2023, and interim financial statements for the first and second quarters of 2024 [2]. - CubicFarm currently has a working capital deficiency of approximately $28 million, with around 50% related to loans payable [8]. Loan and Debt Management - The company is in default on several loans and is negotiating extensions and amendments to clear this default status, which could reduce the working capital deficit by approximately 50% if successful [4][8]. - The outcome of the TSX Venture Exchange's reinstatement review for trading remains uncertain [3]. Sales and Revenue Generation - The company is negotiating several sales deals expected to be finalized in the coming months, leveraging its substantial inventory to fulfill these sales with minimal additional costs [6]. - As the sales network expands and Feed centers are completed, the company anticipates generating more consistent revenue, which will help address the working capital deficit [6]. Currency Impact - The appreciation of the USD relative to CAD is positively impacting the company's financial results, as deposits held in USD have increased in value due to favorable exchange rates [7].

CubicFarm Systems Corp. Announces Filing of Third Quarter Financial Statements and Provides Update on Cease Trade OrderDecember 17, 2024 6:06 PM EST | Source: CubicFarm Systems Corp.Vancouver, British Columbia--(Newsfile Corp. - December 17, 2024) - CubicFarm® Systems Corp. (TSXV: CUB) ("CubicFarm" or the "Company"), a local chain agricultural technology company, announces that, further to its previous press release of October 17, 2024, the Company is pleased to announce that is has filed its ...

Financial Performance - For the three months ended September 30, 2024, the company reported a net income of $3,220,747, primarily from interest income on marketable securities held in the Trust Account of $3,397,997[97]. - From inception on February 21, 2024, through September 30, 2024, the company achieved a net income of $3,327,965, with interest income totaling $3,638,827[98]. - Cash used in operating activities from inception through September 30, 2024, was $531,599, with net income affected by interest earned on marketable securities[100]. - The company incurred general and administrative and formation costs of $177,250 for the three months ended September 30, 2024[97]. Trust Account and Securities - As of September 30, 2024, the company held marketable securities in the Trust Account amounting to $233,638,827, including approximately $3,638,827 of interest income[101]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds allocated for working capital and growth strategies[101]. Initial Public Offering - The company completed its Initial Public Offering on June 20, 2024, raising $230,000,000 from the sale of 23,000,000 Units at $10.00 per Unit, including an over-allotment of 3,000,000 Units[99]. Cash and Financing - As of September 30, 2024, the company had cash of $1,000,526 available for identifying and evaluating target businesses[102]. - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2024[105]. - The company does not anticipate needing to raise additional funds for operating expenditures but may require financing for a Business Combination[104].