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CubicFarm Systems ( (TSE:CUB) ) just unveiled an announcement.
CubicFarm Systems Corp. announced the revocation of a cease trade order by the British Columbia Securities Commission, thus resolving its previous compliance issues. The company is working on rectifying its default status on various loans and is negotiating extensions that could significantly improve its financial standing by reducing the working capital deficit. It is also in the process of closing several sales deals which are anticipated to enhance its revenue stream, leveraging its substantial inventory to fulfill sales with minimal additional costs.
More about CubicFarm Systems
CubicFarm Systems Corp. is a local chain agricultural technology company that focuses on developing and providing automated indoor growing technologies. The company is engaged in creating solutions that enhance the efficiency and sustainability of agriculture, enabling local food production.
YTD Price Performance: 300.0%
Average Trading Volume: 5,807
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.9M
For a thorough assessment of CUB stock, go to TipRanks’ Stock Analysis page.