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Type of Company:
Type:
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Company
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Ownership: |
Publicly Traded |
Company Size: |
20-49 Employees In BC (20-49 Total)
20-49 In BC (20-49 Total)
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Year Founded: |
2015 |
Sector: |
Other Tech Sectors
Other Tech Sectors
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Region: |
Lower Mainland / South Coast
Lower Mainland
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Tags: |
CubicFarms, ag-tech, automated growing systems
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CubicFarms (TSXV: CUB) is an ag-tech company providing automated growing systems for fresh produce and nutritious livestock feed. CubicFarms offers turnkey, commercial scale, hydroponic, automated controlled-environment growing systems that can grow predictably and sustainably for 12 months of the year virtually anywhere on earth.
CubicFarms enables its customers to grow locally and to provide their markets with safe, sustainable, secure and fresh ingredients that are consistent in colour, size, taste, nutrition and allows for a longer shelf life. Further support is provided to customers through the Company's patent-pending germination technology and proprietary auto harvesting and processing methods.
The Company has sold and installed systems in Canada and internationally, and is currently negotiating with a global pipeline of prospective customers.
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Date |
Type |
Amount |
Investors |
Mar 17, 2023 |
Private Placement |
$2.8 Million CAD |
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Jan 2, 2023 |
Private Placement |
$1 Million USD |
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Sep 21, 2022 |
Private Placement |
$6.25 Million CAD |
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Jun 2, 2022 |
Private Placement |
$10.6 Million CAD |
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May 27, 2022 |
Private Placement |
$10 Million CAD |
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Nov 20, 2021 |
Private Placement |
$20 Million CAD |
Raymond James Ltd., Stifel Nicolaus Canada Inc., and Canaccord Genuity Corp. as joint bookrunners, to purchase, on a "bought deal" basis, 16,000,000 common shares of the Company at a price of C$1.25 per Common Share for aggregate gross proceeds to the Company of approximately C$20 million |
May 27, 2021 |
Private Placement |
$22 Million CAD |
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Apr 12, 2021 |
Private Placement |
$1.9 Million CAD |
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Date |
Type |
Amount |
Investors |
Mar 17, 2023 |
Private Placement |
$2.8M CAD |
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Jan 2, 2023 |
Private Placement |
$1M USD |
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Sep 21, 2022 |
Private Placement |
$6.25M CAD |
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Jun 2, 2022 |
Private Placement |
$10.6M CAD |
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May 27, 2022 |
Private Placement |
$10M CAD |
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Nov 20, 2021 |
Private Placement |
$20M CAD |
Raymond James Ltd., Stifel Nicolaus Canada Inc., and Canaccord Genuity Corp. as joint bookrunners, to purchase, on a "bought deal" basis, 16,000,000 common shares of the Company at a price of C$1.25 per Common Share for aggregate gross proceeds to the Company of approximately C$20 million |
May 27, 2021 |
Private Placement |
$22M CAD |
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Apr 12, 2021 |
Private Placement |
$1.9M CAD |
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Want More CubicFarm Systems Corp. News? 1 2 3 4 5
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May 29, 2023
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CubicFarm Systems Reports Q1 Fiscal Year 2023 Financial Results
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May 10, 2023
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CubicFarm Systems Reports Sharply Higher Net Loss of $60 Million For Fiscal 2022, Announces Resignation of CFO
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Mar 20, 2023
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CubicFarm Systems Announces Closing of $2.8 Million Financing (Marketed Offering of Units)
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Mar 8, 2023
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AgriTech Company CubicFarms Systems Announces HydroGreen Equipment Installation in Utah
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Jan 18, 2023
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CubicFarm Systems Announces Lease of FreshHub Equipment (and IP Grant) to Newly Created Entity, Retains up to 97.6% Equity Interest
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Jan 4, 2023
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CubicFarm Systems Announces Closing of Public Share Offering of USD $1 Million, Net Proceeds to Be Used for Debt Reduction
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Dec 14, 2022
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AgriTech Company CubicFarms Announces $1.9 Million HydroGreen Sale in South Dakota
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Dec 5, 2022
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CubicFarm Systems Announces USD $2 Million Sale of 12 CubicFarms Machines
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Nov 28, 2022
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CubicFarm Systems Announces Completion of Wholesale Financing Program for HydroGreen and Resignation of Leo Benne
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Nov 16, 2022
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CubicFarm Systems Announces FreshHub Validation Project Update
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