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trade order [1] - The cease trade order was issued by the British Columbia Securities Commission on July 15, 2024, and was revoked on January 16, 2025, allowing the company to resume trading soon [1] - As of September 30, 2024, the interim CEO, John de Jonge, provided a loan of $1,288,438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]
CubicFarm Systems Corp. Announces Reinstatement of Trading on the TSX Venture Exchange and Company Updates