CubicFarm Systems Corp. has entered into agreements with NTE Discovery Park Ltd. for the purchase of 26 CubicFarm System modules at a sale price of CAD$4.4 million, the manufacturing of those initial 26 modules, as well as the future manufacturing of major components for contracts within North America.
At Discovery Park, a former pulp mill located in Campbell River, B.C., NTE Discovery Park will operate the manufacturing and fabrication of the cold-formed steel framing for modular construction of the CubicFarm System modules. The CubicFarm System controlled environment agriculture (“CEA”) technology grows commercial-scale amounts of fresh produce in modular, food-grade steel systems using the Company’s proprietary Crop Motion Technology moving plants throughout the system using less water, land, energy, and labour.
