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CubicFarm Systems ( (TSE:CUB) ) has issued an announcement.
CubicFarm Systems Corp. announced the reinstatement of trading of its common shares on the TSX Venture Exchange following the revocation of a cease trade order. This development marks a significant step in the company’s recovery after facing a trading suspension due to filing issues. In addition, the company disclosed a substantial loan from its interim CEO to support operational needs and mentioned an ongoing legal claim that it believes will not materially impact its business.
More about CubicFarm Systems
CubicFarm Systems Corp. is a local chain agricultural technology company that focuses on developing innovative solutions for sustainable agriculture. One of its key offerings is through HydroGreen, which provides Automated Vertical Pastures™ technology for sprouting grains like barley and wheat in a controlled environment, optimizing the use of land, labor, and water.
YTD Price Performance: 196.00%
Average Trading Volume: 5,976
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.9M
For detailed information about CUB stock, go to TipRanks’ Stock Analysis page.