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An update from CubicFarm Systems ( (TSE:CUB) ) is now available.
CubicFarm Systems Corp. announced the closing of a non-brokered private placement, raising approximately C$2.5 million through the issuance of 8,340,781 units. Each unit includes a common share and a warrant, allowing the purchase of an additional share at C$0.50 within 12 months. The funds will be used for general working capital and corporate purposes. The completion of the private placement is pending regulatory approvals, including from the TSX Venture Exchange.
More about CubicFarm Systems
CubicFarms is a leading local chain agricultural technology company that develops and deploys proprietary ag-tech solutions. These solutions enable growers to produce high-quality, predictable produce and fresh livestock feed using HydroGreen Nutrition Technology, a division of CubicFarm Systems Corp. The company provides an efficient, localized food supply solution with its patented technology for growing leafy greens and other crops indoors, all year round.
YTD Price Performance: 280.0%
Average Trading Volume: 11,054
Technical Sentiment Signal: Sell
Current Market Cap: $7.17M
Find detailed analytics on CUB stock on TipRanks’ Stock Analysis page.