CubicFarms Announces Completion of Redmond Heritage Farms Project, Supporting the Growing Demand for Natural, Healthier Livestock Diets
CubicFarm Systems Corp (TSXV: CUB) (OTC: CUBXF) has announced the completion and commissioning of its HydroGreen GLS 808 machine at Redmond Heritage Farms in Utah, valued at USD $340,308. This marks the fourth successful project completion in recent quarters.
The installation enables Redmond Heritage Farms to produce fresh, nutrient-rich feed year-round for its pasture-raised dairy cattle. The farm expects to produce half of its daily feed using approximately 95% less water than traditional farming methods.
The project's revenue will be recognized in Q1 2025, following the company's conservative revenue recognition policy. This installation aligns with growing market trends, as the grass-fed beef market is projected to reach USD $13.3 billion in 2025, with a CAGR of 4.4%.
CubicFarm Systems Corp (TSXV: CUB) (OTC: CUBXF) ha annunciato il completamento e la messa in servizio della sua macchina HydroGreen GLS 808 presso Redmond Heritage Farms nello Utah, del valore di 340.308 USD. Questo segna il quarto progetto completato con successo negli ultimi trimestri.
L'installazione consente a Redmond Heritage Farms di produrre foraggio fresco e ricco di nutrienti tutto l'anno per il suo bestiame da latte allevato al pascolo. La fattoria prevede di produrre metà del suo foraggio giornaliero utilizzando circa il 95% in meno di acqua rispetto ai metodi di agricoltura tradizionali.
Le entrate del progetto saranno riconosciute nel Q1 2025, in conformità con la politica conservativa di riconoscimento delle entrate dell'azienda. Questa installazione è in linea con le crescenti tendenze di mercato, poiché si prevede che il mercato della carne bovina alimentata con erba raggiunga 13,3 miliardi di USD entro il 2025, con un CAGR del 4,4%.
CubicFarm Systems Corp (TSXV: CUB) (OTC: CUBXF) ha anunciado la finalización y puesta en marcha de su máquina HydroGreen GLS 808 en Redmond Heritage Farms en Utah, valorada en 340,308 USD. Esto marca la cuarta finalización exitosa de un proyecto en los últimos trimestres.
La instalación permite a Redmond Heritage Farms producir forraje fresco y rico en nutrientes durante todo el año para su ganado lechero criado en pastoreo. La granja espera producir la mitad de su forraje diario utilizando aproximadamente un 95% menos de agua que los métodos de agricultura tradicionales.
Los ingresos del proyecto se reconocerán en Q1 2025, de acuerdo con la política conservadora de reconocimiento de ingresos de la empresa. Esta instalación se alinea con las crecientes tendencias del mercado, ya que se proyecta que el mercado de carne de res alimentada con pasto alcance 13.3 mil millones de USD en 2025, con una CAGR del 4.4%.
CubicFarm Systems Corp (TSXV: CUB) (OTC: CUBXF)는 유타주 Redmond Heritage Farms에 HydroGreen GLS 808 기계의 완공 및 가동을 발표했으며, 이는 340,308 USD의 가치가 있습니다. 이는 최근 분기 동안 네 번째 성공적인 프로젝트 완료를 의미합니다.
이 설치는 Redmond Heritage Farms가 풀에서 기른 젖소를 위해 연중 신선하고 영양이 풍부한 사료를 생산할 수 있게 합니다. 이 농장은 전통적인 농업 방법보다 약 95% 적은 물을 사용하여 하루 사료의 절반을 생산할 것으로 예상하고 있습니다.
프로젝트의 수익은 회사의 보수적인 수익 인식 정책에 따라 2025년 1분기에 인식될 것입니다. 이 설치는 증가하는 시장 트렌드와 일치하며, 풀사료로 기른 소고기 시장은 2025년까지 133억 달러에 이를 것으로 예상되며, 연평균 성장률(CAGR)은 4.4%입니다.
CubicFarm Systems Corp (TSXV: CUB) (OTC: CUBXF) a annoncé l'achèvement et la mise en service de sa machine HydroGreen GLS 808 à Redmond Heritage Farms dans l'Utah, d'une valeur de 340 308 USD. Cela marque le quatrième projet réussi achevé au cours des derniers trimestres.
L'installation permet à Redmond Heritage Farms de produire toute l'année des aliments frais et riches en nutriments pour son bétail laitier élevé en plein air. La ferme s'attend à produire la moitié de son alimentation quotidienne en utilisant environ 95% d'eau en moins que les méthodes agricoles traditionnelles.
Les revenus du projet seront reconnus au Q1 2025, conformément à la politique de reconnaissance des revenus conservatrice de l'entreprise. Cette installation s'inscrit dans les tendances croissantes du marché, le marché de la viande de bœuf nourri à l'herbe devant atteindre 13,3 milliards USD d'ici 2025, avec un TCAC de 4,4%.
CubicFarm Systems Corp (TSXV: CUB) (OTC: CUBXF) hat den Abschluss und die Inbetriebnahme seiner HydroGreen GLS 808 Maschine bei Redmond Heritage Farms in Utah bekannt gegeben, die einen Wert von 340.308 USD hat. Dies markiert den vierten erfolgreichen Projektabschluss in den letzten Quartalen.
Die Installation ermöglicht es Redmond Heritage Farms, ganzjährig frisches, nährstoffreiches Futter für seine weidegehaltenen Milchkühe zu produzieren. Der Betrieb erwartet, die Hälfte seines täglichen Futters mit etwa 95% weniger Wasser als bei traditionellen Anbaumethoden zu produzieren.
Die Einnahmen des Projekts werden im Q1 2025 anerkannt, gemäß der konservativen Umsatzanerkennungspolitik des Unternehmens. Diese Installation steht im Einklang mit den wachsenden Markttrends, da der Markt für grasgefüttertes Rindfleisch voraussichtlich 13,3 Milliarden USD bis 2025 erreichen wird, mit einer CAGR von 4,4%.
- New sale completed worth USD $340,308
- Fourth successful project commission in recent quarters
- Revenue recognition confirmed for Q1 2025
- Operating in growing market projected at USD $13.3B by 2025
- None.
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2025) - CubicFarm® Systems Corp. (TSXV: CUB) (OTC Pink: CUBXF) ("CubicFarms" or the "Company"), a leading agricultural technology innovator, is pleased to announce the completion and full commissioning of its HydroGreen GLS 808 machine, as part of its previously announced sale to Redmond Heritage Farms in Redmond, Utah. This marks the fourth successfully commissioned project in the last two quarters, highlighting the growing demand for natural, sustainable livestock feed solutions.
The sale, valued at USD
Originally announced on October 31, 2023, the Redmond Heritage Farms installation is now fully operational, enabling the farm to grow fresh, nutrient-rich feed year-round for its pasture-raised dairy cattle.
"The completion of this project is another step forward in our commitment to supporting regenerative agriculture and healthier livestock nutrition," said Michael Kyne, CFO, HydroGreen. "We are seeing a clear trend where farms and food producers are prioritizing grass-fed, natural livestock diets to meet consumer demand for cleaner, more nutrient-dense food products. Our expanding customer base reflects this shift, as more farms recognize the value of growing fresh, chemical-free feed on-site to improve animal health and product quality."
Revenue Recognition & Financial Impact
CubicFarms follows a conservative revenue recognition policy, only recognizing revenue once projects are fully commissioned and operational.
"In accordance with our conservative accounting policy, the revenue from the Redmond Heritage Farms project will be recognized in Q1 2025, now that the project is complete," said Michael Kyne, CFO of HydroGreen. "Similarly, revenue from the three previously announced commissioned projects in late 2024 will be recognized in Q4 2024. This ensures transparency in our financial reporting and reflects our commitment to recognizing revenue only when projects are fully delivered and operational."
The Growing Market for Grass-Fed, Healthier Livestock Products
The completion of this project comes at a time of significant growth in the grass-fed beef and dairy markets. The grass-fed beef market alone is projected to reach USD
Redmond Heritage Farms is at the forefront of this movement, ensuring that its cows are pasture-fed and supplemented with fresh, roughage-based diets during winter months-free from hormones, antibiotics, and chemical additives. This aligns with HydroGreen's mission to provide innovative indoor growing solutions that empower farmers to grow fresh, high-quality feed on-site, year-round, reducing reliance on imported feed and improving farm sustainability.
"Redmond Heritage Farms is proud to be a productive member of the Utah agricultural community, dedicated to natural and sustainable farming practices that support our local economy," said Zairen Brady, Farm Manager, Redmond Heritage Farms. "We are investing in controlled environment agriculture to create more self-sufficient farming in Central Utah, optimizing our livestock's nutrition, using less water, and reducing our farm's environmental impact.
With the installation of a HydroGreen GLS 808 fodder machine, we expect to produce half of our farm's daily feed using about
A Strong Foundation for Growth
The successful commissioning of Redmond Heritage Farms follows CubicFarms' previously announced projects, including installations at Plainview and other leading natural dairy and beef operations. With increasing regulatory focus on livestock nutrition and a growing consumer shift towards natural, traceable food sources, HydroGreen remains well-positioned to expand its footprint in the sustainable agriculture sector.
For more information please contact:
Michael B. Kyne, CFA
Chief Financial Officer & Chief Investment Officer
CubicFarm Systems Corp. and HydroGreen Inc.
Phone: 236-305-6091
Email: Michael.Kyne@cubicFarms.com
For media inquiries, contact info@cubicfarms.com
For investor inquiries, contact investors@cubicfarms.com
To reach HydroGreen's Producer Education Team, contact HGInfo@hydrogreenglobal.com
Forward-looking and other cautionary statements
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including, without limitation, statements with respect to: the estimated harvesting capabilities of the machines, nutritional benefits of feed produced by the machines and quality of the feed in general. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such statements can be identified by the use of words such as "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict", and other similar terminology, or state that certain actions, events, or results "may", "can", "could", "would", "might", or "will" be taken, occur, or be achieved.
These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company's expectations regarding future events, performance, or results change.
About HydroGreen
HydroGreen produces Automated Vertical Pastures™, a type of smart farming equipment that uses a unique process to sprout grains such as wheat and barley, in a controlled growing environment to efficiently produce a high-performance feed ingredient for livestock 365 days a year. HydroGreen's equipment is simple and easy to operate and performs all growing functions automatically, including seeding, watering, lighting, harvesting, and re-seeding, which allows livestock businesses to feed consistent nutrition every day with minimal labor. When balanced correctly in the ration, HydroGreen sprouted grain modifies animal digestion which enhances productivity and reduces the amount of enteric methane emitted in ruminant livestock. The result also enables environmental benefits to the farm while helping to meet increasing demand for valuable farm-based inset and offset carbon credits. For more information, please visit www.hydrogreenglobal.com.
About CubicFarms
CubicFarms is a leading local chain agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a subsidiary of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops on-site, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy. For more information, please visit www.cubicfarms.com.
About Redmond Heritage Farms
Redmond Heritage Farms is dedicated to providing real, natural farm products for health-conscious consumers. The farm is a leading producer of raw milk in Utah, testing milk nutrition quarterly to ensure optimal quality and sustainability. Its cows are pasture-fed, free from hormones and chemical additives, and raised with a focus on animal welfare and nutrient-rich production methods. In addition to dairy, Redmond Heritage Farms offers pasture-fed beef, pork, and raw cheese, aligning with the growing consumer demand for clean, minimally processed foods. For more information, please visit www.redmondfarms.com.
TSX Venture Exchange Disclaimer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243526
FAQ
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