Ospraie Ag Science has increased its ownership stake in CubicFarms. Ospraie paid $5.25 million to purchase 7.5 million additional common shares in the publicly traded company. Before the Transaction, Ospraie owned approximately 18.9% of the company on a non-diluted basis. Ospraie now owns almost 30 million common shares of CubicFarms, representing just over 25% of […]
CubicFarms
CubicFarms Secures $5 Million In Growth Capital From BDC
Langley’s CubicFarm Systems has secured $5 million in growth capital from BDC Capital, a wholly owned subsidiary of Business Development Bank of Canada. BDC’s Cleantech Practice has agreed to provide CubicFarms with growth capital through a commercial debt financing. According to CubicFarms CEO Dave Dinesen, the non-dilutive financing from BDC combined with recent capital raises […]
AgTech Investor Ospraie Invests $5 Million in Langley’s CubicFarms
Top Ag-tech investor Ospraie Ag Science has made a $5 million strategic investment in Langley’s CubicFarm Systems. The investment was made as a non-brokered private placement and Ospraie now holds an 18.7% interest in CubicFarms. CubicFarms is a provider of automated controlled-environment growing systems that produce commercial-scale quantities of fresh produce and nutritious livestock feed. […]