CubicFarm Systems Corporation
OOTC:CUBXFCapital Structure
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in mil. unless spec.Company Description
- CEO
- John de Jonge
- Full Time Employees
- 27
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- 7170 Glover Road Langley BC Canada V2Y 0W9
- IPO Date
- Jul 9, 2019
- Website
- cubicfarms.com
- Similar Companies
- Business
- CubicFarm Systems Corp. is an agricultural technology company specializing in automated indoor growing systems designed for commercial-scale production of fresh produce and nutritious livestock feed. The company’s core products include the CubicFarm System—a patented hydroponic farming technology for year-round production of leafy greens, herbs, and microgreens indoors—and the HydroGreen Grow System, which produces fresh sprouted grains and livestock feed through fully automated vertical pastures with minimal use of land, water, energy, and labor. These systems perform all functions including seeding, watering, lighting, harvesting, and re-seeding with automation to reliably supply fresh produce and livestock feed regardless of climate or season. CubicFarm operates primarily in North America but targets agricultural markets globally, leveraging government agricultural subsidy programs in regions like Canada, Oceania, and the European Union to support sales. Founded in 2010 and headquartered in Vancouver, British Columbia, CubicFarm has recently undergone strategic transformation aimed at expanding and stabilizing its business model. The company has shifted towards a two-pronged strategy: focusing on capital equipment sales in subsidized agricultural markets to improve sales predictability and launching a recurring revenue "Feed as a Service" (FaaS) model through HydroGreen by building and operating feed centers closer to livestock producers, supplying large volumes of fresh sprouted grains as nutritious feed. Over the past two years, CubicFarm’s subsidiary HydroGreen has secured significant sales agreements including partnerships for research and development in Australia, expansions in Ireland, and a new feed center in Chowchilla, California, capable of supplying 128 tons of fresh feed daily. The company also completed the Redmond Heritage Farms project to support demand for natural, climate-smart livestock diets. CubicFarm has seen recent board changes with appointments aimed at enhancing expertise in agriculture and supporting the HydroGreen FaaS expansion. Despite facing financial challenges, including loan defaults and an ongoing cease trade order in 2024, the company has made progress in regulatory compliance and sales growth, reflecting operational resilience and strategic refocus. CubicFarm’s business segments encompass precision indoor farming technologies and automated livestock feed solutions, serving farmers, livestock operators, and commercial growers. Its offerings address challenges like land and water scarcity, environmental regulations, and volatile agricultural production costs by enabling sustainable, year-round production. The company’s patented systems are designed to reduce the need for fertilizers, chemicals, and traditional field equipment, facilitating a lower carbon footprint and enhanced food security. CubicFarm also provides technology licensing and vertical farming expertise alongside system sales. The company maintains ongoing research and development activities based in Pitt Meadows, British Columbia, to optimize yield performance, expand crop varieties, and improve automation. In summary, CubicFarm Systems Corp. provides automated indoor hydroponic systems for fresh produce and fully automated vertical pastures for sprouted grain livestock feed, with recent strategic shifts emphasizing subsidized market focus and a Feed-as-a-Service model, supported by international sales expansions, new feed centers, and corporate governance adjustments, all aimed at sustainable agricultural innovation and growth. The company operates primarily in North America with a growing global reach and was founded in 2010 with headquarters in Vancouver, British Columbia. Its subsidiaries include HydroGreen Inc., which spearheads the feed technology and service initiatives. Recent key developments include major sales agreements, expansion of feed centers, strategic board appointments, and operational advancements despite financial and regulatory challenges.
Company News
CubicFarms Systems Corporation Audit Update and Sales Announcement to Mexico
CubicFarms Announces Board Changes: Michael McCarthy Resigns, Leo Benne Appointed
CubicFarm Systems Corporation: Announces Failure to File Cease Trade Order
CubicFarm Systems Corp. Provides Default Status Report
CubicFarm Systems Corp. Provides Default Status Report
CubicFarm Systems Corp. Announces Grant of Management Cease Trade Order
CubicFarms Announces Resignation of Board Director David Cole
CubicFarm Systems Corp. Announces Closing of Private Placement
CubicFarm Systems Corp. Announces Closing of First Tranche of Private Placement
CubicFarm Systems Corp. Announces Private Placement
HydroGreen Secures Third Order from Agrotopia Ireland, Expanding Adoption of Climate-Smart Feed Solutions
CubicFarms Announces Completion of Redmond Heritage Farms Project, Supporting the Growing Demand for Natural, Healthier Livestock Diets
CubicFarms' HydroGreen Expands Partnership with BoomA Food Group in Australia, Announces Sale of Two DGS 66 Units for Research & Development
CubicFarms' HydroGreen Launches First Feed-as-a-Service (FaaS) Facility in Partnership with Plainview Beef in Kansas
CubicFarm Systems Corp. Announces Reinstatement of Trading on the TSX Venture Exchange and Company Updates
CubicFarm Systems Corp. Announces Full Revocation of Cease Trade Order and Company Updates
CubicFarm Systems Corp. Announces Filing of Third Quarter Financial Statements and Provides Update on Cease Trade Order
CubicFarm Systems Corp. Announces Availability of Annual General Meeting Materials
CubicFarm Systems Corp. Announces Filing of Second Quarter Financial Statements and Provides Update on Cease Trade Order
CubicFarm Systems Corp. Announces Filing of First Quarter Financial Statements and Provides Update on Cease Trade Order