The latest announcement is out from CubicFarm Systems ( (TSE:CUB) ).
CubicFarm Systems Corp. announced the closing of the first tranche of its non-brokered private placement, raising approximately C$2,500,000 through the issuance of 8,340,781 units. The funds are intended for general working capital and corporate purposes, with a second tranche expected to close by March 31, 2025. The securities from this tranche are subject to a transfer restriction until July 25, 2025, and the completion of the private placement is contingent upon receiving necessary regulatory approvals.
More about CubicFarm Systems
CubicFarms is a leading local chain agricultural technology company focused on developing and deploying technology to produce high-quality produce and fresh livestock feed. It offers proprietary ag-tech solutions, including the HydroGreen Nutrition Technology, which provides automated indoor growing systems for leafy greens and other crops, aiming to create efficient, localized food supply solutions.
YTD Price Performance: 336.00%
Average Trading Volume: 9,492
Technical Sentiment Signal: Sell
Current Market Cap: $6.62M
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