Secures the Company’s most significant venture to day with new 96 module method

VANCOUVER, BC, Sept. 1, 2021 /CNW/ – CubicFarm® Programs Corp. (“CubicFarms” or the “Company”) (TSX: CUB), a community chain agricultural know-how enterprise, now announced a new challenge to produce a new professional scale FreshHub with 96 CubicFarm Procedure modules, the Firm’s premier project to day.

This up coming technology superior-density method, known as FreshHub, is the up coming stage of indoor escalating aiming to significantly localize food items production. Leveraging the considerable land and drinking water efficiencies of the award-profitable CubicFarm Technique technological know-how, the new stacked configuration of this FreshHub will consist of a extraordinary 96 modules occupying just one acre of land. New options of this FreshHub involve a new successful agricultural building layout that decreases cash expenditures, new farm infrastructure, workflow design and style, automation elements, and proprietary application.

“The CubicFarms FreshHub is the genuine breakthrough design and style of the ag-tech business mainly because it radically shortens the very long source chain and localizes food items creation,” claimed Dave Dinesen, Main Executive Officer, CubicFarms. “On just one particular acre of land, this new FreshHub will develop the equivalent of 100 acres of field creation. We are exponentially increasing professional scale developing with a scalable alternative that grows exceptional, more healthy new produce without the need of any pesticides or herbicides. Increasing locally gets rid of truckloads of generate arriving from much away, so the food stuff that ends up on your table is cost-effective, improved for you, stays fresher for extended, and reduces greenhouse gasoline emissions from shipping.”

“FreshHub satisfies the growing demand from customers for much more reliable and sustainable impartial area foods provide with substantial-density, expense-economical meals generation,” reported Jeff Booth, Chair, CubicFarms. “By providing higher good quality contemporary generate at a cost that beats traditional rising, FreshHub turns into a true contender to break our reliance on prolonged chain food stuff offer and delivers supplemental rewards, like developing extra wholesome generate in any local weather devoid of the problems of drought or local weather change.”  

The Corporation has received a CAD$1.2 million deposit from a non-public trader group for the FreshHub purchase and set up in the Decreased Mainland region of Vancouver, British Columbia. The moment mounted, this will be the largest business scale CubicFarm Program in the planet.  

The personal investor group features entrepreneurs Duane Indenbosch, Vaughn Penner, and Howie McCollister, collectively bringing generations of farming and agriculture, as effectively as actual estate investments.

Indenbosch is a productive investor in genuine estate enhancement, Penner has a solid agriculture and company track record as a founding associate of Independent Crop Inputs Inc., with gross revenues of about CAD$50 million, and McCollister is an seasoned CEO steering National HealthClaim Corp. and ATR Added benefits Corp. from basis to operational successes in Canada.

“We are enthusiastic to be first to current market with this sport-shifting, upcoming degree vertical farming technologies,” mentioned Indenbosch. “Lessening food stuff imports is crucial to foodstuff protection in Canada. We selected the award-profitable CubicFarm Method know-how mainly because we believe it can be the most cost-efficient, efficient, and sustainable indoor expanding procedure. We’re psyched to operate collaboratively with the CubicFarms workforce on this project to satisfy escalating marketplace need, much better preserve our organic methods, and effects and enhance meals security.”

“The FreshHub is much more than just our CubicFarm Technique, it truly is a blend of our modules, supporting infrastructure configuration, and new capabilities, culminating in a definitely breakthrough style and design,” said Dinesen. “The sector is demanding bigger units. We’re previously fielding significant desire and a expanding gross sales pipeline for FreshHubs. We are localizing food stuff by offering people with direct, impartial access to delightful, affordable new food stuff and minimizing our environmental impression by employing considerably much less sources. With our engineering, we are also building new specialized ag-tech farming jobs for the up coming era, boosting community economies and building a passionate community farming workforce for the foreseeable future.”

About CubicFarms

CubicFarms is a local chain agricultural technological innovation business building and deploying technological know-how to feed a switching entire world. Its proprietary ag-tech methods empower growers to make large good quality, predictable produce and fresh new livestock feed with HydroGreen Diet Engineering, a division of CubicFarm Programs Corp. The CubicFarms™ program includes patented engineering for expanding leafy greens and other crops onsite, indoors, all 12 months round. CubicFarms offers an successful, localized food stuff offer option that advantages our people today, world, and overall economy.

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About AgTech Breakthrough

Section of Tech Breakthrough, a major current market intelligence and recognition system for world-wide technologies innovation and management, the AgTech Breakthrough Awards program is devoted to honoring excellence in agricultural technologies, products and services, corporations, and products and solutions. The AgTech Breakthrough Awards application supplies a forum for community recognition around the achievements of AgTech firms and methods in categories like farm management, indoor farming, automation, IoT and robotics, food stuff quality, analytics and additional. For a lot more information and facts stop by

On behalf of the Board of Administrators

“Dave Dinesen”

Dave Dinesen, Chief Govt Officer

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Resource CubicFarm Programs Corp.

For more information and facts: Media Get hold of: Andrea Magee, T: 236.885.7608, E: [email protected] Trader Contact: Tom Liston, T: 416.721.9531, E: [email protected]

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