New Alberta Grow Centre unveiled by CubicFarm Systems

Indoor farming module supplier, CubicFarm Systems, has acquired growing modules and assets worth $1.5 million from Swiss Leaf Farms located 50 kilometres north of Edmonton in Busby, Alberta. The company paid $750,000 in cash to increase its holdings from 50 per cent to 100 per cent, with the remaining balance offset by CubicFarms' existing investment in Swiss Leaf Farms.

As part of this agreement, CubicFarms is hiring owners and operators David and Alyssa Pfaeffli of Swiss Leaf Farm and four current employees.

With 14 CubicFarm System modules currently in operation, the Alberta Grow Centre will accelerate the company's research and development and continue growing and selling produce locally following the GLOBAL G.A.P. set of standards for Good Agricultural Practices. The company will use this expansion to further test its standard operating procedures and accelerate technological advancements for its indoor growing technologies.

Owners and operators David and Alyssa Pfaeffli of family-run Swiss Leaf Farms were among the first farmers to implement the CubicFarm System indoor growing technology.

"Today's ag-tech is necessary for the future of farming, and we're excited to continue growing with CubicFarms," said Alyssa Pfaeffli, grower, CubicFarms. "We want our kids and local community to have access to delicious, fresh local produce year-round. In Alberta, we're successfully growing indoors in the CubicFarm System 365 days a year, including in -40°C winter weather. We're looking forward to helping Cubic Farmer Partners growing locally in places all around the world."

"The Alberta Grow Centre is the fastest and most cost-effective way to immediately expand and scale our existing R&D capabilities and better support our customers with large scale operations," said Dave Dinesen, CEO, CubicFarms. "David and Alyssa Pfaeffli and the Alberta team are among our most experienced CubicFarm System growers, bringing significant commercial scale operational expertise to our team. By adding this proven facility and team, we can more than double our cultivar R&D abilities and increase the number of plants we can grow commercially using our patented technologies. This will be a huge benefit to our Farmer Partners and ultimately to our shareholders."

Read more on Greenhouse Canada.

Photo Caption: CubicFarms announces new commercial scale Alberta Grow Centre R&D facility with experienced growers. (Credit: CNW Group/CubicFarm Systems Corp.)

Source: Greenhouse Canada