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Production / Operations

CubicFarms Systems Corporation Audit Update and Sales Announcement to Mexico

By The Northwire Desk — AI Analysis Oct 29, 2025 · 08:01 CUB · 0.11 Cubicfarm Systems Corp.
CUB · Price

Executive Summary

  • The British Columbia Securities Commission issued a failure‑to‑file cease‑trade order (FFCTO) against CubicFarms, halting trading of its securities in Canada until the 2024 audit and quarterly filings are completed.
  • CubicFarms reports that its US subsidiary HydroGreen has sold two DGS 66 production machines to Grupo Platt in Mexicali, Mexico for pilot feed‑center projects. This is the third material pilot sale announced by HydroGreen in the past year.

Key Details

  • Regulatory Action: BCSC issued an FFCTO under MI 11‑103, prohibiting any purchase or trade of CubicFarms securities on Canadian exchanges and OTC markets pending filing compliance.
  • Audit Status: Auditors (Msllcpa) are finalizing the FY 2024 audit; management expects completion in coming weeks followed by Q1–Q3 filings. Additional resources have been allocated to accelerate the process.
  • HydroGreen Sale: HydroGreen Inc. sold 2 DGS 66 vertical pasture units to Grupo Platt (Mexicali, Baja California, Mexico). Units will be installed at two beef‑cattle ranches as pilot projects ahead of larger feed‑center construction.
  • Pilot Project Context: This sale marks the third material pilot project for HydroGreen in the last year, following deployments with Plainview Beef (Kansas, USA) and Booma Food Group (Australia).
  • Equipment Description: DGS 66 units are automated vertical pasture systems that sprout grains (e.g., wheat, barley) indoors, providing high‑performance livestock feed year‑round with reduced labor and water usage.

Notable Quotes

  • “The HydroGreen pilot projects marks a new chapter for Mexico's cattle industry—where tradition meets technology to feed the future.” – Orlando Platt, co‑owner, Grupo Platt
  • “HydroGreen’s system puts control back in producers' hands, reducing costs and delivering premium forage right to the doorstep.” – Michael Kyne, CFO, HydroGreen

All forward‑looking statements are subject to risks and uncertainties; actual results may differ materially.

Read the original news release →