Langley’s CubicFarms has announced a new project to deliver a commercial scale FreshHub with 96 CubicFarm System modules.
Once installed in the Lower Mainland area of Vancouver, this will be the largest commercial scale CubicFarm System in the world.
This next generation high-density system, called FreshHub, is the next level of indoor growing aiming to significantly localize food production. Leveraging the significant land and water efficiencies of the award-winning CubicFarm System technology, the new stacked configuration of this FreshHub will include a remarkable 96 modules occupying one acre of land.
“The CubicFarms FreshHub is the real breakthrough design of the ag-tech industry because it dramatically shortens the long supply chain and localizes food production,” said Dave Dinesen, Chief Executive Officer, CubicFarms.
“On just one acre of land, this new FreshHub will grow the equivalent of 100 acres of field production. We’re exponentially increasing commercial scale growing with a scalable solution that grows superior, more nutritious fresh produce without any pesticides or herbicides. Growing locally eliminates truckloads of produce arriving from far away, so the food that ends up on your table is affordable, better for you, stays fresher for longer, and reduces greenhouse gas emissions from shipping.”
The 96 module FreshHub project has received a $1.2 million deposit from a private investor group that includes entrepreneurs Duane Indenbosch, Vaughn Penner, and Howie McCollister.
“FreshHub meets the increasing demand for more reliable and sustainable independent local food supply with high-density, cost-efficient food production,” said Jeff Booth, Chair, CubicFarms. “By delivering high quality fresh produce at a price that beats traditional growing, FreshHub becomes a true contender to break our reliance on long chain food supply and provides additional advantages, like growing more nutritious produce in any climate without the challenges of drought or climate change.”
In other news, CubicFarms has graduated from the TSX Venture Exchange and uplisted to the TSX (TSX:CUB) in a move that will provide them with broader access to investors seeking best-in-class ESG investments in ag-tech.