CubicFarm Systems Corp. Announces Management Transitions

CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX:CUB), announces key leadership changes and appoints John de Jonge as Interim Chief Executive Officer of CubicFarms and President of HydroGreen following the departure of prior Interim Chief Executive Officer Edoardo De Martin at CubicFarms and of former President Dan Schmidt at HydroGreen.

Highlights:

• John de Jonge is appointed as Interim Chief Executive Officer of CubicFarms to lead the Company, effective immediately.
• Edoardo De Martin will remain in an advisory role through to the end of January 2023.
• John de Jonge is appointed President of HydroGreen following the departure of President Dan Schmidt.

CubicFarms Management Transition
Mr. de Jonge has been in the industry for over two decades, having served as a senior leader in multiple agricultural businesses, including the owner of Artex Barns Inc. through to its successful sale in 2021. He is widely respected among members of the North American farming and dairy communities, having been an instrumental part in the invention and development of the Comfort Zone FreeStall System and Big-Box dairy design.