Langley-based CubicFarms will use the new money to continue research and development in optimizing machine yields, automation, and functionality; expand crop varieties; and take its technology solution products to market. These patented technologies are developed at their research and development facility in Pitt Meadows.
One farming machine they have developed is the CubicFarms vertical agricultural system for the year-round growing of leafy greens and other crops indoors, which significantly reduces the costly physical labour and energy that is currently associated with the indoor faming industry.
Another farming solution is the HydroGreen system for growing nutritious livestock feed, involving a unique process to sprout grains, such as barley and wheat, in a controlled environment with minimal use of land, labour, and water, and without fertilizer and chemicals. This system is fully automated to complete all growing functions, including seeding, watering, lighting, harvesting,
CubicFarms Announces $15,000,000 Equity Financing to Support Global Growth globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.