VANCOUVER, British Columbia, March 25, 2025 – CubicFarm® Systems Corp. (“CubicFarms” or the “Company”) (TSX-V: CUB) (OTC: CUBXF), 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
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 timeline for the closing of the Second Tranche, the use of funds of the Private Placement and the receipt of regulatory approvals. Such statements involve known and unknown risks, uncertainties, and other factors and assumptions which may cause the actual results, performance, or achievements of CubicFarm Systems Corp., or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or information, including, without limitation, risks related to the ability and time frame within which the Company will complete the Private Placement, the Company’s ability to raise additional funding, the Company’s ongoing or future litigation, the Company’s ability to establish, maintain and defend intellectual property rights in the Company’s products, product liability claims, insurance and recalls, the Company’s manufacturing operations, the manufacturing capacity of third-party manufacturers for the Company’s products, including risks of supply interruptions impacting the Company’s ability to manufacture its own products and the other factors disclosed under “Risk Factors” in the Company’s annual information form for the year ended December 31, 2022, and those additional risks identified in the Company’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). 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’s Automated Vertical Pastures™ technology utilizes a unique process to sprout grains, such as barley and wheat, in a controlled environment with minimal use of land, labour and water. HydroGreen’s fully automated indoor growing technology performs all growing functions including seeding, watering, lighting, harvesting, and re-seeding—all with the push of a button—to deliver nutritious fresh forage for livestock without the typical investment in fertilizer, chemicals, fuel, field equipment, and transportation. Automated Vertical Pastures™ not only provide superior nutritious feed to benefit the animal but also enable significant environmental benefits to the farm.
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.
Contact info@cubicfarms.com for media or investors@cubicfarms.com for investor inquiries.
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