On May 27, 2022, CubicFarm Systems Corp. (“CubicFarms” or the “Company”) (TSX:CUB), announced its overnight marketed public offering of unsecured convertible debenture units of the Company at a price of $1,000 per debenture unit and common shares of the Company at a price of $0.55 per common share for total gross proceeds of approximately C$10 million with a syndicate of agents (the “Offering”).
The net proceeds from the Offering will be used by CubicFarms for continued growth, technology development, sales and marketing and other corporate purposes.
CubicFarms is a local chain agricultural technology company that provides unique automated on-site commercial-scale food and livestock feed technologies.
Fasken advised CubicFarms with a team led by Steve Saville (Corporate Finance & Securities), and included Martin Ferreira Pinho (Corporate Finance & Securities) and Esther Leung (Corporate Finance & Securities).
Jurisdiction
- British Columbia
