VANCOUVER, BC, March 7,
2023 /CNW/ - CubicFarm® Systems Corp.
("CubicFarms" or the "Company") (TSX: CUB), a leading local
chain agricultural technology company, today announced that its
livestock feed subsidiary company, HydroGreen Inc.
("HydroGreen"), has finalized the installation of two
previously sold machines to Jim Cheney Inc. in Utah.
The equipment was delivered on-site in late December with
installation complete in February
2023. Cheney Farms, a beef operation in Fairview, Utah, are now feeding sprouted grain
from two HydroGreen DGS 66 machines to their own and neighbouring
cattle and can harvest up to 1,150 dry matter pounds per day.
Owners Jim and Judy Cheney plan to
use the investment to expand their cattle ranch.
"For us the decision was simple—it made a lot more sense to
invest in HydroGreen equipment to expand our business than it did
to acquire more land," says Jim
Cheney. "With the first two machines, we can feed
approximately 250 head of cattle, and if we purchase a third
machine in the future, which we've built the barn to accommodate,
we'll be able to add another 100 to 130 animals which will allow us
to sustain our family with the ranch, and that's been a long-time
goal."
"HydroGreen has continuously focused on research and
development, enabling us to explore the potential applications of
our sprouted-grain feed for ruminant livestock," says HydroGreen
President, John de Jonge. "By
including HydroGreen in beef programs like Cheney's, producers can
improve ration consistency and quality, enhance animal
productivity, extend the functional life of pastures, and increase
stocking densities. The Company has successfully installed 24
machines, with another 19 projects in our global pipeline of
potential machine sales contracts, and we continue to see strong
demand for the HydroGreen solution."
"Our growing customer base continues to solidify their
understanding of what HydroGreen sprouted grains can do for their
animals and their businesses," says Candace
Dyer, Director of Sales and Customer Service at HydroGreen.
"They are consistently growing high-quality sprouted grain forage
in the tonnage they need, and this progress is garnering a lot of
attention which has intensified awareness, especially in the
Intermountain West region in the US, where there is a strong need
for our technology and our high-performance feed ingredient."
For more information, please visit www.cubicfarms.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 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.
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.
SOURCE CubicFarm Systems Corp.
