VANCOUVER, BC, Oct. 31,
2023 /CNW/ - CubicFarm® Systems Corp.
("CubicFarms" or the "Company") (TSX: CUB), a leading
agricultural technology company, announced that its ruminant
livestock feed subsidiary company, HydroGreen Inc.
("HydroGreen"), has closed a GLS 808 sale with Redmond
Heritage Farms in Redmond,
Utah.
In this deal, six HydroGreen GLS 808 machines (one GLS "system")
will be sold to Redmond Heritage Farms. "Founded in 2006, our
mission is born out of the desire to provide real natural farm
products for those who are seeking optimal health. This journey has
guided us to become a proud supplier of raw milk in the state of
Utah. Our cows are pasture-fed
when green pasture is available, and partnering with HydroGreen is
the next step to produce fresh fodder year-round. Our partnership
brings many benefits that align with our mission, our changing
climate, and our customers' needs. We are excited to begin work
with our HydroGreen fodder equipment," said the Management Team
from Redmond Heritage Farms.
"We are excited about this sale of our large-scale equipment to
Redmond Heritage Farms. The HydroGreen solution can increase milk
production, enhance regional food security, and reduce the
environmental footprint of agriculture," said HydroGreen's
President, John de Jonge.
This transaction reflects HydroGreen's continued strategy to
integrate its technology into forward-thinking dairy markets and
emphasizes its commitment to sustainability and innovation.
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.
SOURCE CubicFarm Systems Corp.
