DGS 66 production machines
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CubicFarms Systems Corporation Audit Update and Sales Announcement to Mexico
Newsfile· 2025-10-29 12:00
Core Insights - CubicFarms Systems Corporation is currently under a failure-to-file cease trade order issued by the British Columbia Securities Commission, which prohibits trading of its securities in Canada [1] - The company's auditors are finalizing the 2024 fiscal year audit, with expectations to complete the audit and file Q1, Q2, and Q3 financial statements soon [2] - HydroGreen, a subsidiary of CubicFarms, has sold two DGS 66 production machines to Grupo Platt in Mexico, marking a significant step in integrating technology into the cattle industry [3][4] Company Updates - The failure-to-file case trade order restricts any trading or purchasing of CubicFarms' securities in Canada, affecting its common shares on the TSX Venture Exchange and OTC market in the US [1] - Management has acknowledged delays in filing the 2024 financial statements and is taking steps to expedite the process by adding resources [2] - HydroGreen's sale of two DGS 66 units to Mexico is part of a broader strategy to introduce innovative feed solutions to ranchers, enhancing productivity and reducing costs [3][4] Industry Impact - The deployment of HydroGreen's systems in Mexico is seen as a transformative move for the cattle industry, combining traditional practices with modern technology to improve feed efficiency [3] - HydroGreen's patented indoor fodder system is designed to be water-efficient and is expected to meet the growing demand for sustainable livestock feed solutions [4][8] - The company's technology aims to enhance livestock productivity while also contributing to environmental benefits, such as reducing methane emissions from ruminant livestock [8]