CubicFarms Resolves Dispute, Boosts Growth Plans
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CubicFarms Resolves Dispute, Boosts Growth Plans

Cubicfarm Systems Corp. (TSE:CUB) has released an update.

CubicFarm Systems Corp. has settled a lawsuit with Burnett Dairy, allowing the agricultural tech firm to reclaim valuable livestock feed production units and equipment, worth over CAD 9.4 million. The resolution favors HydroGreen Inc., a subsidiary of CubicFarms, by bolstering their inventory and advancing their Feed as a Service (FaaS) initiative to establish a feed center in California. This settlement positions HydroGreen for growth in the US fresh sprouted grain market and promises recurring revenue streams for the company and its shareholders.

For further insights into TSE:CUB stock, check out TipRanks’ Stock Analysis page.

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