VANCOUVER, BC, Aug. 24,
2023 /CNW/ - CubicFarm® Systems Corp.
("CubicFarms" or the "Company") (TSX: CUB), a leading
agricultural technology company, announced that its ruminant
livestock feed subsidiary company, HydroGreen Inc.
("HydroGreen"), has closed a sale with Cirio Agricola
S.r.l., a prestigious, technologically-advanced dairy farm in
Piana di Monte Verna, Italy, and one of the country's top producers
of milk.
In this deal, six HydroGreen GLS 808 machines (one GLS "system")
will be sold to Cirio Agricola via Feed Solutions LLC, HydroGreen's
distribution Partner for the Italian market. "We are honoured to
have Cirio Agricola as our partner, as the most technologically
advanced dairy in Italy, they
continue to pave the road for a gold standard in sustainable milk
production," says Managing Member of Feed Solutions LLC,
Nick Del Verme. The GLS system can
produce over 34,000 pounds of feed per day, which Cirio plans to
incorporate into the ration for over 750 dairy cows, representing
18% of their herd.
This sale in Italy punctuates
HydroGreen's continued strategic shift toward integrating its
innovative technology into progressive dairy markets. "We are so
excited about this landmark sale of our large-scale equipment to
this excellent dairy operation in Italy," says HydroGreen President,
John de Jonge. "The HydroGreen
solution can significantly increase the production of milk, improve
regional food security, and reduce the environmental footprint of
production agriculture; it's like a panacea of solutions for dairy
farms, making it especially beneficial for European countries where
there are numerous subsidies readily available to farms like Cirio
who want to invest in our equipment."
HydroGreen's renewed focus on international markets is equal
priority to a new facet of the company's U.S. strategy, which is to
build feed hub facilities to sell the harvested feed by the ton to
neighbouring dairy farmers, starting with a facility in
Riverdale, California.
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. For more information, please
visit www.hydrogreenglobal.com.
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. For more information, please
visit www.cubicfarms.com.
About Cirio Agricola
Milk production is the company's core business with 23 million
litres of production per year, making Cirio Agricola the leading
milk producer in Italy. The
zootechnical center covers a total area of 26 hectares, where they
manage the largest herd of dairy cows in the nation. The herd
consists of approximately 4,000 heads of the "Frisona Italiana"
breed.
Cirio Agricola is a fully robotic and 4.0 livestock company,
equipped with the most advanced IoT Technologies to allow
continuous monitoring and remote management of the herd. Innovation
is a continuous process for Cirio Agricola. Cirio is committed to
enriching the company's know-how through the research and
development of new technologies, fertile ground for maintaining a
mindset that is always looking toward the future. Cirio Agricola is
taking charge of an ecological transition within the company, also
through the use of innovative products and processes that
drastically reduce the emission of odorous and climate-altering
substances into the atmosphere. For more information, please visit
www.cirioagricola.it.
About Feed Solutions LLC
Feed Solutions, LLC is the
exclusive authorized HydroGreen distributor for Italy. They specialize in the sale and service
of the HydroGreen's Automated Vertical Pastures™ Hydroponic System.
For more information, please visit www.feedsolutionsllc.com.
SOURCE CubicFarm Systems Corp.
