CubicFarm Systems Corp. announced that it expects to receive CAD 2.05 million in funding.
On the same date, the company announced that it has issued 4,505,502 units at a price of CAD 0.20 per unit for gross proceeds of approximately CAD 900,000 in its first tranche closing. The securities offered in the first tranche are subject to a four month and a day transfer restriction from the date of issuance expiring on June 10, 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.