Detail akcie CubicFarm Sys Rg online

Business Summary: CubicFarm Systems Corp. is a Canada-based local chain agricultural technology company developing and deploying technology. The Company’s proprietary ag-tech solutions enable growers to produce predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a subsidiary of the Company. The CubicFarms system contains patented technology for growing leafy greens and other crops on-site, indoors, all year round. It provides a localized food supply solution. The Company operates in two segments, which are its Feed Division and Fresh Division. The Feed Division is engaged in selling hydroponic equipment and services to promote live green animal feed production in a controlled environment. The Company’s Feed Division operates using the Company’s HydroGreen technology for growing nutritious livestock feed. The Fresh Division is engaged in selling hydroponic equipment and services to promote leafy green production in a controlled environment.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, CubicFarm Systems Corp revenues decreased 95% to C$208K. Net loss decreased 35% to C$7.1M. Revenues reflect Fresh segment decrease of 100% to C$1K. Lower net loss reflects General and administrative expenses decrease of 30% to C$4.2M (expense), Provision for expected credit gain/(loss increase from C$170K (expense) to C$1.1M (income).