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]
CubicFarms Announces Completion of Redmond Heritage Farms Project, Supporting the Growing Demand for Natural, Healthier Livestock Diets