CubicFarms Announces $1.26M HydroGreen Sales in North and South Dakota
Ryan Allway
January 20th, 2022
News
HydroGreen Certified Dealer Grohs International Orders Nine Modules
VANCOUVER, British Columbia, January 20, 2021 – CubicFarm® Systems Corp. (“CubicFarms” or the “Company”) (TSX:CUB), a leading local chain agricultural technology company, today announced the sale of nine HydroGreen Grow System modules in North Dakota and South Dakota.
On October 25, 2021, HydroGreen Certified Dealer Grohs International initially committed to selling 12 HydroGreen Grow System indoor growing technologies to its customers in 2022. In the first month of the year, Grohs International has placed orders for nine of the 12 and signed the contract to purchase the modules from CubicFarms, which represents equipment sales valued at approximately CAD$1.26 million.
Total sales commitments to date from members of the HydroGreen Certified Dealer Network include more than 100 modules in 2022, valued at over CAD$21.5 million.
“I was driven to help the small farmer, and still am, but I didn’t realize the magnitude of need for fresh on farm feed,” said Dihl Grohs, founder of the HydroGreen Grow System technology and owner of Grohs International. “It’s bigger than I thought it would be. HydroGreen is essential. My goal wasn’t to create a better fodder system—I was just trying to take the labor away. The team that CubicFarms has put together is what we needed and through R&D, this automated indoor growing technology has evolved as a leader in the industry.”
HydroGreen Certified Dealer Network Installations
Through the Company’s Wyoming-based HydroGreen Certified Dealer, the Company has broken ground at Burnett Land & Livestock Ltd., LLLP (“Burnett”) in Carpenter, Wyoming. Site readiness and construction is well underway at Burnett’s in preparation for 12 commercial scale modules, collectively known as HydroGreen Vertical Pastures™. Burnett’s operations include over 17,000 cattle located on 35,000 acres across the Midwestern and Western United States. Once installed, this will be the largest automated indoor fresh livestock feed system in the world.
Through the Company’s Utah-based HydroGreen Certified Dealer, installation was completed for three HydroGreen Grow System modules from a sale previously announced on November 15, 2021 to Magnuson Cattle Company in Castle Dale, Utah. Installation was completed in December 2021, representing equipment sales valued at approximately CAD$450,000.
“The HydroGreen Certified Dealer Network was created to meet increasing distribution demand for the Company’s HydroGreen technology to help get this technology into the hands of the farmers who need it now,” said Dan Schmidt, President, HydroGreen. “Our dealers bring decades of direct experience working with farmers in the dairy and beef industries and we’re thrilled to offer new Farmer Partners support to get up and running quickly.”
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 division of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops onsite, 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.
On behalf of the Board of Directors
“Dave Dinesen”
Dave Dinesen, Chief Executive Officer
This release may contain certain “forward-looking statements” or “forward-looking information” under applicable securities laws. Forward-looking terms such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “project,” “target,” “believe,” “plan,” “outlook,” “estimate,” or “expect” and other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on certain key expectations and assumptions made by the Company including but not limited to statements with respect to CubicFarms’ expected revenue recognition and the completion of the sale and installation of the modules by the customer. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct.
Media Contact:
Andrea Magee
T: 236.885.7608
E: andrea.magee@cubicfarms.com
Investor Contact:
Tom Liston
T: 416.721.9531
E: tom.liston@cubicfarms.com
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
Search CannabisFN
Press Coverage
Psychedelics Index
Top Videos
Rob is the co-founding President of Pelorus Equity Group and has more than 18 years of experience in the real estate finance industry. Since the formation of Pelorus in 2010, he has raised more than $175,000,000 in secured real estate transactions. Rob’s primary role at Pelorus Equity Group is the development of strategic alliances with […]
In addition to his role as Founder and CEO at MAZAKALI, Sumit is a consultant to The Arcview Group and the Managing Partner of Emerald Ventures. A frequent speaker at investment seminars, Sumit acts as a mentor to Arcview and Canopy companies and serves on the Canopy Investment committee as well as the NCIA Finance […]
Wildflower Brands is a Vancouver-based company developing and designing brands that focus on plant-based health and wellness products.
Helix TCS, Inc. (OTCQB: HLIX) provides software and technology platforms for the cannabis industry.
Network Partners
About CFN Media Group
CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer
