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CubicFarm Systems ( (TSE:CUB) ) has provided an update.
CubicFarm Systems Corp. has announced a significant sales agreement with Consultant BRD in Québec, Canada, marking the first Canadian sale of its GLS 808 HydroGreen Machines. This move underscores the global demand for HydroGreen’s advanced feed-growing technology, which has previously been adopted in the United States, Italy, and Ireland. The agreement, valued at $809,000 USD, includes comprehensive support for installation and monitoring, and highlights the company’s commitment to providing sustainable solutions for farmers. Additionally, the recent favorable exchange rate adjustments are expected to strengthen CubicFarms’ financial position, given its operations and debt structure in both Canadian and US dollars.
More about CubicFarm Systems
CubicFarm Systems Corp. is a leading agricultural technology company that specializes in innovative systems for sustainable farming practices. Its primary product is the Automated Vertical Pastures™ system, developed by its subsidiary HydroGreen Inc., which enables year-round, on-site production of nutritious livestock feed. The company is focused on reducing environmental impact and enhancing efficiency in the agricultural sector.
YTD Price Performance: 180.0%
Average Trading Volume: 6,340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.55M
For an in-depth examination of CUB stock, go to TipRanks’ Stock Analysis page.
