Core Viewpoint - CubicFarm Systems Corp. has received a failure-to-file case trade order (FFCTO) from the British Columbia Securities Commission due to delays in filing required financial statements for the fiscal year ended December 31, 2024, and interim financial statements for the three-month period ended March 31, 2025 [1][2]. Group 1: Regulatory Actions - The BCSC issued the FFCTO prohibiting trading in the company's securities in Canada, with specific conditions allowing certain beneficial securityholders to sell their securities under regulated market conditions [1][2]. - The FFCTO replaces a previously granted management cease trade order that was issued on April 30, 2025, which has now been revoked [3]. Group 2: Financial Reporting Delays - The company failed to file its Required Annual Filings by the April 30, 2025 deadline and Required Interim Filings by the May 30, 2025 deadline, as mandated under National Instrument 51-102 [2]. - The company is actively working with auditors to complete the Required Filings and expects to file the Required Annual Filings for 2024 in the coming weeks [3]. Group 3: Company Overview - CubicFarms is a leading local chain agricultural technology company focused on developing solutions for sustainable food production, utilizing proprietary ag-tech solutions to produce high-quality produce and livestock feed [5]. - The company’s HydroGreen Nutrition Technology division offers innovative growing systems that enable year-round production of crops indoors, contributing to a localized food supply [5].

Core Points - CubicFarm® Systems Corp. is currently under a temporary management cease trade order (MCTO) until June 30, 2025, due to its inability to file annual audited financial statements by the April 30, 2025 deadline [2][3] - The British Columbia Securities Commission has granted an extension for the company to file the required financial statements, which are still undergoing the audit process [4] - The company has confirmed that there have been no material changes in its situation since the last news release on May 1, 2025, and it continues to comply with the alternative information guidelines [4] Company Overview - CubicFarms is a leading local chain agricultural technology company focused on developing and deploying technology to address food supply challenges [8] - The company’s proprietary ag-tech solutions enable the production of high-quality, predictable produce and fresh livestock feed through its HydroGreen Nutrition Technology [8] - CubicFarms' systems utilize patented technology for growing crops indoors year-round, providing an efficient and localized food supply solution [9]

Core Viewpoint - CubicFarm Systems Corp. has received a management cease trade order (MCTO) from the British Columbia Securities Commission, allowing the company until June 30, 2025, to file its annual financial statements for the year ended December 31, 2024, due to delays in completing its year-end audit for 2023 [1][2][6]. Group 1: Management Cease Trade Order (MCTO) - The MCTO prohibits the CEO and CFO from trading in the company's securities until the required filings are submitted [3]. - The company is committed to following the alternative information guidelines while in default for failing to file the required documents [4]. - Failure to file the required filings within the two-month grace period may lead to a cease trade order (CTO) being imposed by securities regulators [6]. Group 2: Audit and Financial Statements - The delay in filing is attributed to the completion of the previous audit for the year ended December 31, 2023 [2]. - The company has engaged its auditor to complete the audit of the financial statements and expects to file the required documents by June 30, 2025 [7]. Group 3: Company Status - As of the date of the announcement, the company is not undergoing any insolvency proceedings and has disclosed no other material information that has not been made public [5].

Core Insights - G. David Cole has resigned from the Board of Directors of CubicFarm® Systems Corp. effective April 16, 2025, due to his upcoming retirement from RBC and a planned reduction in professional commitments [1][3] - Cole joined the Board in January 2022 and contributed significantly to the company's strategic direction during a transformative period [2][3] Company Overview - CubicFarms is a leading agricultural technology company focused on developing and deploying innovative solutions to address global food supply challenges [7][8] - The company utilizes proprietary ag-tech solutions to produce high-quality, predictable produce and fresh livestock feed, leveraging HydroGreen Nutrition Technology, a subsidiary of CubicFarm Systems Corp. [7][8]

Core Points - CubicFarm® Systems Corp. has successfully closed a non-brokered private placement of units, raising approximately C$2,500,000 [1][2] - The first tranche involved the issuance of 8,340,781 units at a price of C$0.30 per unit, with each unit consisting of one common share and one warrant [2] - The company will use the proceeds for general working capital and corporate purposes [3] Private Placement Details - Each warrant allows the holder to acquire one common share at an exercise price of C$0.50 for a period of 12 months [2] - The company has opted not to close another tranche of the private placement, with no insider participation or finder's fee involved [3] - The securities are subject to a four-month transfer restriction, expiring on July 25, 2025 [4] Company Overview - CubicFarms is a leading agricultural technology company focused on developing solutions for local food production [8] - The company’s proprietary technology enables the production of high-quality produce and livestock feed year-round in controlled environments [8] - HydroGreen, a division of CubicFarms, utilizes automated vertical growing technology to minimize resource use while maximizing nutritional output for livestock [7]