- CubicFarms announces the sale of seven HydroGreen machines valued at CAD$1.9 million to DGI Feeds
VANCOUVER, BC, Nov. 21, 2022 /CNW/ – CubicFarm® Systems Corp. (“CubicFarms” or the “Company”) (TSX:CUB), a leading local chain agricultural technology company, today announced that its animal feed division, Hydrogreen Inc. (“HydroGreen”), has sold a seven-system GLS 808 valued at CAD$1.9 million.
HydroGreen has signed a definitive purchase agreement for the sale of seven HydroGreen GLS 808 machines valued at CAD $1.9 million to DGI Feeds, an equine feed company and certified HydroGreen dealer based in Mitchell, South Dakota.
DGI Feeds manufactures high-performance feed products for the equine industry using a proprietary blend of ingredients, including the sprouted-grain crop that HydroGreen equipment produces.
“CubicFarms has invested significantly in HydroGreen over the course of three years, primarily toward research and development, allowing our research team to study the …