Core Viewpoint - CubicFarm® Systems Corp. plans to conduct a non-brokered private placement of up to 9,000,000 units at a price of C$0.30 per unit, aiming for gross proceeds of up to C$2,700,000, subject to regulatory approval [1][5]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one common share purchase warrant, with warrants allowing purchase at C$0.50 per share within 12 months post-offering [2]. - The offering will not involve insider participation or finder's fees, and proceeds will be allocated for general working capital and corporate purposes [2]. - Securities from the offering will be subject to a four-month transfer restriction from issuance [3]. Group 2: Company Overview - CubicFarms is a leading agricultural technology company focused on local chain solutions, utilizing proprietary technology to produce high-quality produce and livestock feed [7]. - The company’s HydroGreen Nutrition Technology enables efficient indoor growing of crops, providing a sustainable food supply solution [7].
CubicFarm Systems Corp. Announces Private Placement