CubicFarms Announces Sale of Two GLS 808 HydroGreen Machines to Quebec Buyer
CubicFarm Systems Corp. (TSXV: CUB) has announced that its subsidiary, HydroGreen Inc., has secured a sales agreement with Consultant BRD of Québec for their Automated Vertical Pastures™ system. The deal, valued at $809,000 USD (approximately $1,193,000 CAD), marks HydroGreen's first sale in Québec and its entry into the fourth country after the United States, Italy, and Ireland.
The agreement includes HydroGreen's advanced feed-growing equipment, accessories, and comprehensive support package with remote monitoring services. The system enables year-round, on-site production of livestock feed, supporting sustainable farming practices.
The company also highlighted its currency exposure, noting that while HydroGreen conducts all business in US dollars, the majority of CubicFarms and HydroGreen's debt is in Canadian dollars. Management views recent exchange rate changes as beneficial for strengthening the company's financial position.
CubicFarm Systems Corp. (TSXV: CUB) ha annunciato che la sua controllata, HydroGreen Inc., ha ottenuto un accordo di vendita con il consulente BRD del Québec per il loro sistema di Pascoli Verticali Automatici™. L'accordo, del valore di $809.000 USD (circa $1.193.000 CAD), segna la prima vendita di HydroGreen in Québec e il suo ingresso nel quarto paese dopo Stati Uniti, Italia e Irlanda.
L'accordo include attrezzature avanzate per la produzione di mangimi, accessori e un pacchetto di supporto completo con servizi di monitoraggio remoto. Il sistema consente la produzione di mangimi per il bestiame tutto l'anno, supportando pratiche agricole sostenibili.
La società ha anche evidenziato la propria esposizione valutaria, osservando che, mentre HydroGreen svolge tutte le attività in dollari USA, la maggior parte del debito di CubicFarms e HydroGreen è in dollari canadesi. La direzione considera i recenti cambiamenti nei tassi di cambio come favorevoli per rafforzare la posizione finanziaria dell'azienda.
CubicFarm Systems Corp. (TSXV: CUB) ha anunciado que su subsidiaria, HydroGreen Inc., ha asegurado un acuerdo de venta con el Consultor BRD de Québec para su sistema de Pastos Verticales Automatizados™. El trato, valorado en $809,000 USD (aproximadamente $1,193,000 CAD), marca la primera venta de HydroGreen en Québec y su entrada en el cuarto país después de Estados Unidos, Italia e Irlanda.
El acuerdo incluye equipos avanzados para el cultivo de alimentos, accesorios y un paquete de soporte integral con servicios de monitoreo remoto. El sistema permite la producción de alimentos para ganado durante todo el año, apoyando prácticas agrícolas sostenibles.
La compañía también destacó su exposición a divisas, señalando que, aunque HydroGreen realiza todas sus actividades en dólares estadounidenses, la mayor parte de la deuda de CubicFarms y HydroGreen está en dólares canadienses. La dirección considera que los recientes cambios en las tasas de cambio son beneficiosos para fortalecer la posición financiera de la empresa.
CubicFarm Systems Corp. (TSXV: CUB)는 자회사인 HydroGreen Inc.가 퀘벡의 Consultant BRD와 자동 수직 목장 시스템에 대한 판매 계약을 체결했다고 발표했습니다. 이 거래는 $809,000 USD (약 $1,193,000 CAD)의 가치가 있으며, HydroGreen의 퀘벡에서의 첫 판매로, 미국, 이탈리아, 아일랜드에 이어 네 번째 국가에 진출하게 됩니다.
이번 계약에는 HydroGreen의 고급 사료 재배 장비, 액세서리 및 원격 모니터링 서비스가 포함된 종합 지원 패키지가 포함되어 있습니다. 이 시스템은 지속 가능한 농업 관행을 지원하며 연중 내내 현장에서 가축 사료를 생산할 수 있게 합니다.
회사는 또한 외환 노출을 강조하면서, HydroGreen이 모든 거래를 미국 달러로 진행하는 반면, CubicFarms와 HydroGreen의 대부분의 부채는 캐나다 달러로 되어 있다고 언급했습니다. 경영진은 최근 환율 변화가 회사의 재정 상황을 강화하는 데 유리하다고 보고 있습니다.
CubicFarm Systems Corp. (TSXV: CUB) a annoncé que sa filiale, HydroGreen Inc., a conclu un accord de vente avec le consultant BRD du Québec pour leur système de Pâturages Verticaux Automatisés™. Cet accord, d'une valeur de $809,000 USD (environ $1,193,000 CAD), marque la première vente d'HydroGreen au Québec et son entrée dans le quatrième pays après les États-Unis, l'Italie et l'Irlande.
L'accord comprend les équipements avancés de production d'aliments, des accessoires et un ensemble de soutien complet avec des services de surveillance à distance. Le système permet une production de fourrage pour le bétail tout au long de l'année, soutenant des pratiques agricoles durables.
La société a également souligné son exposition aux devises, notant que bien qu'HydroGreen effectue toutes ses affaires en dollars américains, la majorité de la dette de CubicFarms et HydroGreen est en dollars canadiens. La direction considère que les récents changements de taux de change sont bénéfiques pour renforcer la position financière de la société.
CubicFarm Systems Corp. (TSXV: CUB) hat bekannt gegeben, dass ihre Tochtergesellschaft, HydroGreen Inc., einen Verkaufsvertrag mit dem Consultant BRD aus Québec für ihr System der Automatisierten Vertikalen Weiden™ gesichert hat. Der Deal, der auf $809.000 USD (ungefähr $1.193.000 CAD) geschätzt wird, stellt HydroGreens ersten Verkauf in Québec dar und ist der Eintritt in das vierte Land nach den USA, Italien und Irland.
Der Vertrag umfasst HydroGreens fortschrittliche Futtermittelproduktionsgeräte, Zubehör und ein umfassendes Unterstützungspaket mit Fernüberwachungsservices. Das System ermöglicht die ganzjährige, ortsansässige Produktion von Viehfutter und unterstützt nachhaltige landwirtschaftliche Praktiken.
Das Unternehmen hob auch seine Währungsrisiken hervor und stellte fest, dass HydroGreen alle Geschäfte in US-Dollar abwickelt, der Großteil der Schulden von CubicFarms und HydroGreen jedoch in Kanadischen Dollar ist. Das Management sieht die jüngsten Wechselkursveränderungen als vorteilhaft zur Stärkung der finanziellen Lage des Unternehmens an.
- Secured new sales agreement worth $809,000 USD
- Expansion into fourth country market
- Favorable currency exposure with USD revenue and CAD debt
- None.
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2025) - CubicFarm® Systems Corp. (TSXV: CUB) ("CubicFarms" or the "Company"), a leading agricultural technology company, is pleased to announce that its wholly owned subsidiary, HydroGreen Inc., has entered into a sales agreement with Consultant BRD of Québec, Canada for the purchase of its innovative Automated Vertical Pastures™ system. The agreement is valued at
This milestone first sales agreement in Canada for the patented commercial GLS 808 system highlights the growing global demand for HydroGreen's advanced feed-growing technology, which supports sustainable farming practices by enabling year-round, on-site production of nutritious livestock feed. Consultant BRD, based in Québec, Canada, will utilize the cutting-edge HydroGreen system to enhance efficiency and reduce environmental impact in its operations.
The purchase agreement includes HydroGreen's advanced feed-growing equipment, accessories, and a comprehensive support package to ensure seamless installation and off-site remote monitoring services.
"We are thrilled to partner with Consultant BRD of Québec, Canada on this project to deliver our state-of-the-art Automated Vertical Pastures™ system," said Michael Kyne, CFO of CubicFarm Systems Corp. "This agreement marks HydroGreen's first sale in Québec, Canada, and the fourth country where our patented commercial-grade GLS 808 production systems are now in use, following previous sales in the United States, Italy, and Ireland. This milestone reflects HydroGreen's commitment to delivering innovative, sustainable solutions that empower farmers and producers worldwide."
"In response to several questions raised by shareholders, we felt it necessary to communicate our currency exposure in light of the currency movements over the past 12 months and more recently this weekend. CubicFarms is a Canadian Company that wholly owns a US operating company HydroGreen Inc. based in Sioux Falls, South Dakota. HydroGreen conducts
Contact info@cubicfarms.com for media or investors@cubicfarms.com for investor inquiries. Contact HGInfo@hydrogreenglobal.com to reach HydroGreen's Producer Education Team.
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 labour. 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239347
FAQ
What is the value of CubicFarms' (CUBXF) latest HydroGreen sale in Quebec?
In which countries does CubicFarms (CUBXF) now operate its GLS 808 systems?
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What does the HydroGreen sales agreement with Consultant BRD include?
