On March 18, 2024, CubicFarm Systems Corp. closed the transaction. The company has issued 5,792,688 units at a price of CAD 0.20 per unit for gross proceeds of approximately CAD 1,160,000 in its second and final tranche closing. The transaction included participation from new investor, Planet Ventures Inc. Pursuant to the Private Placement, the company has issued approximately 10,298,190 units at a price of CAD 0.20 per Unit for gross proceeds of approximately CAD 2,059,638. The securities offered in the Final Tranche are subject to a four month and a day transfer restriction from the date of issuance expiring on July 16, 2024, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The transaction included participation from new investor John de Jonge for 250,000 units and Planet Ventures Inc subscribed for 1,550,000 units for CAD 310,000. Completion of the Private Placement remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

On April 12, 2024, company terminated the agreement with Planet Ventures Inc as it was not approved by the TSX Venture Exchange due to the payment of the upfront fee and PVI's participation in the company's private placement. Planet Ventures Inc has refunded the full amount of the upfront fee to the company.