VANCOUVER, BC, March 7, 2023 /CNW/ - CubicFarm® Systems Corp. ("CubicFarms" or the "Company") (TSX: CUB), a leading local chain agricultural technology company, today announced that its livestock feed subsidiary company, HydroGreen Inc. ("HydroGreen"), has finalized the installation of two previously sold machines to Jim Cheney Inc. in Utah.
The equipment was delivered on-site in late December with installation complete in February 2023. Cheney Farms, a beef operation in Fairview, Utah, are now feeding sprouted grain from two HydroGreen DGS 66 machines to their own and neighbouring cattle and can harvest up to 1,150 dry matter pounds per day. Owners Jim and Judy Cheney plan to use the investment to expand their cattle ranch.
"For us the decision was simple—it made a lot more sense to invest in HydroGreen equipment to expand our business than it did to acquire more land," says Jim Cheney. "With the first two machines, we can feed approximately 250 head of cattle, and if we purchase a third machine in the future, which we've built the barn to accommodate, we'll be able to add another 100 to 130 animals which will allow us to sustain our family with the ranch, and that's been a long-time goal."
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