CubicFarm Systems Corp. introduces a new indoor growing system

VANCOUVER — CubicFarm® Systems Corp., a local chain agricultural technology company, announced a new project to deliver a new commercial scale FreshHub with 96 CubicFarm System modules, the Company’s largest project to date.

This high-density system, called FreshHub, is an indoor growing system aiming to significantly localize food production. Leveraging the land and water efficiencies of the CubicFarm System technology, the new stacked configuration of this FreshHub will include 96 modules occupying one acre of land. New features of this FreshHub include a new agricultural building design that reduces capital costs, new farm infrastructure, workflow design, automation components, and proprietary software.

“The CubicFarms FreshHub is the real breakthrough design of the ag-tech industry because it dramatically shortens the long supply chain and localizes food production,” said Dave Dinesen, Chief Executive Officer, CubicFarms. “On just one acre of land, this new FreshHub will grow the equivalent of 100 acres of field production. We’re exponentially increasing commercial scale growing with a scalable solution that grows superior, more nutritious fresh produce without any pesticides or herbicides. Growing locally eliminates truckloads of produce arriving from far away, so the food that ends up on your table is affordable, better for you, stays fresher for longer, and reduces greenhouse gas emissions from shipping.”

The Company has received a CAD$1.2 million deposit from a private investor group for the FreshHub purchase and installation in the Lower Mainland area of Vancouver, British Columbia.

The private investor group includes entrepreneurs Duane Indenbosch, Vaughn Penner, and Howie McCollister, collectively bringing generations of farming and agriculture, as well as real estate investments.

Indenbosch is an investor in real estate development, Penner has a strong agriculture and business background as a founding partner of Independent Crop Inputs Inc.

“We’re excited to be first to market with this game-changing, next level vertical farming technology,” said Indenbosch. “Reducing food imports is critical to food security in Canada. We chose the award-winning CubicFarm System technology because we believe it’s the most cost-effective, efficient, and sustainable indoor growing system. We’re excited to work collaboratively with the CubicFarms team on this project to meet growing market demand, better conserve our natural resources, and impact and improve food security.”