CubicFarms Announces Resignation of Board Director David Cole
CubicFarm Systems Corp (TSXV: CUB) (OTC Pink: CUBXF) announced the resignation of Board Director G. David Cole, effective April 16, 2025, as he prepares for retirement from RBC. Cole, who joined the board in January 2022, brought extensive experience in investment banking, corporate strategy, and agriculture-related finance.
Board Chair Daniel Burns acknowledged Cole's valuable contributions during a important period of company evolution, highlighting his strategic advice and oversight. Cole's departure is directly linked to his upcoming retirement from RBC and his decision to reduce professional commitments.
CubicFarm Systems Corp (TSXV: CUB) (OTC Pink: CUBXF) ha annunciato le dimissioni del membro del Consiglio di Amministrazione G. David Cole, con effetto dal 16 aprile 2025, in vista del suo pensionamento da RBC. Cole, entrato nel consiglio nel gennaio 2022, ha portato una vasta esperienza nel settore della banca d'investimento, della strategia aziendale e della finanza legata all'agricoltura.
Il Presidente del Consiglio, Daniel Burns, ha riconosciuto il prezioso contributo di Cole durante un periodo cruciale di evoluzione dell'azienda, sottolineando i suoi consigli strategici e la supervisione. La sua uscita è direttamente collegata al pensionamento imminente da RBC e alla decisione di ridurre gli impegni professionali.
CubicFarm Systems Corp (TSXV: CUB) (OTC Pink: CUBXF) anunció la renuncia del Director del Consejo G. David Cole, efectiva a partir del 16 de abril de 2025, mientras se prepara para su jubilación de RBC. Cole, quien se unió al consejo en enero de 2022, aportó una amplia experiencia en banca de inversión, estrategia corporativa y finanzas relacionadas con la agricultura.
El Presidente del Consejo, Daniel Burns, reconoció las valiosas contribuciones de Cole durante un periodo importante de evolución de la empresa, destacando sus consejos estratégicos y supervisión. La salida de Cole está directamente vinculada a su próxima jubilación de RBC y a su decisión de reducir compromisos profesionales.
CubicFarm Systems Corp (TSXV: CUB) (OTC Pink: CUBXF)는 이사회 이사 G. David Cole가 2025년 4월 16일부로 RBC에서 은퇴 준비를 이유로 사임한다고 발표했습니다. 2022년 1월 이사회에 합류한 Cole은 투자은행, 기업 전략 및 농업 관련 금융 분야에서 풍부한 경험을 제공했습니다.
이사회 의장 Daniel Burns는 회사의 중요한 변화 시기에 Cole의 전략적 조언과 감독에 대한 소중한 기여를 인정했습니다. Cole의 사임은 RBC에서의 은퇴와 전문적 업무 축소 결정과 직접 관련이 있습니다.
CubicFarm Systems Corp (TSXV : CUB) (OTC Pink : CUBXF) a annoncé la démission du membre du conseil d'administration G. David Cole, effective au 16 avril 2025, alors qu'il se prépare à prendre sa retraite de RBC. Cole, qui a rejoint le conseil en janvier 2022, a apporté une vaste expérience en banque d'investissement, stratégie d'entreprise et finance liée à l'agriculture.
Le président du conseil, Daniel Burns, a reconnu les précieuses contributions de Cole durant une période importante de l'évolution de l'entreprise, soulignant ses conseils stratégiques et sa supervision. Le départ de Cole est directement lié à sa prochaine retraite de RBC et à sa décision de réduire ses engagements professionnels.
CubicFarm Systems Corp (TSXV: CUB) (OTC Pink: CUBXF) gab den Rücktritt des Vorstandsmitglieds G. David Cole bekannt, der zum 16. April 2025 wirksam wird, da er sich auf seinen Ruhestand bei RBC vorbereitet. Cole, der im Januar 2022 dem Vorstand beigetreten ist, brachte umfangreiche Erfahrungen im Investmentbanking, in der Unternehmensstrategie und in der landwirtschaftsbezogenen Finanzierung mit.
Der Vorstandsvorsitzende Daniel Burns würdigte Coles wertvolle Beiträge während einer wichtigen Phase der Unternehmensentwicklung und hob seine strategischen Ratschläge und Aufsicht hervor. Coles Ausscheiden steht in direktem Zusammenhang mit seinem bevorstehenden Ruhestand bei RBC und seiner Entscheidung, berufliche Verpflichtungen zu reduzieren.
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Vancouver, British Columbia--(Newsfile Corp. - April 17, 2025) - CubicFarm® Systems Corp. (TSXV: CUB) (OTC Pink: CUBXF) ("CubicFarms" or the "Company"), a leading agricultural technology company, today announced that G. David Cole has resigned from the Company's Board of Directors, effective April 16, 2025, in connection with his upcoming retirement from RBC and a planned step back from professional commitments.
David joined the Board in January 2022 and brought to CubicFarms decades of experience in investment banking, corporate strategy, and agriculture-related finance. His insights and guidance have been instrumental during a period of significant evolution for the Company.
"David joined the board during a pivotal time in our company's journey and has been invaluable in providing strategic advice, oversight, and support as we navigated important changes," said Daniel Burns, Chair of the Board. "On behalf of the Board of Directors and management team, I want to thank David for his commitment and contributions to CubicFarms and wish him the very best as he looks forward to retirement from RBC and more time with his family."
CubicFarms sincerely thanks Mr. Cole for his service and wishes him continued success in all future endeavors.
To read the original announcement of David Cole's appointment to the Board, visit:
https://www.newswire.ca/news-releases/cubicfarms-welcomes-g-david-cole-to-the-company-s-board-of-directors-841337384.html
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
This news release may contain "forward-looking statements" within the meaning of applicable securities laws, including statements related to the Company's governance, strategic direction, and future leadership plans. Forward-looking statements are based on expectations, assumptions, and estimates as of the date of this news release and are subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially. These statements are typically identified by words such as "anticipate," "expect," "intend," "may," "will," "could," "should," or similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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.
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/249013
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