CubicFarm Systems announced today that 12 HydroGreen Grow System modules have been purchased by wholesale distributor Dihl Gros International for his beef cattle customers who require farm-fresh livestock feed for their herds. HydroGreen is a wholly-owned subsidiary of CubicFarms.
"This just saved our farm," said Michael Rigby, owner of Rigby Cattle Co. in Utah. "The severe drought had us worried we wouldn't be able to feed our herd. The HydroGreen technology allows us to grow our own farm-fresh livestock feed. Our family has been in the cattle industry for generations, and we were considering getting out of the business entirely if we couldn't get high-quality, nutritious feed for our cattle. Having a consistent, predictable feed supply no matter what the weather is essential for our family farm."
This sale of 12 HydroGreen Grow System modules represents equipment sales of approximately C$2 million by the Company. HydroGreen modules are sold through multiple distributors in different industries. Wholesale distributor DGI is focused on family farms in the beef market in the United States (U.S.), with an active customer pipeline to purchase the HydroGreen Grow System modules.
Drought related conditions
The U.S. Drought Monitor¹ saw a deterioration in drought-related conditions this week across areas of the western United States. DGI has active customers in the pipeline to purchase HydroGreen's automated indoor growing technologies because the modules use less water, land, energy, and labor than traditional farming and can be operated year-round in any climate.
"Through our HydroGreen-certified channel partners, we're able to equip farmers with technology to become more independent and sustainable. Our distributor DGI is focused on helping family farms stay competitive in the beef market, feed their herds, get through the ongoing drought, and keep the family farms in family hands," said Dan Schmidt, President, HydroGreen. "For larger operations, Total Dairy Solutions is our wholesale distributor and is currently recommending our HydroGreen Vertical Pastures as a solution for commercial-scale dairy farms that need sustainable fresh livestock feed, like the recently announced Burnett deal in Wyoming."
"This deal is evidence of the pressing need for HydroGreen solutions for the beef market in the U.S.," said Dave Dinesen, CEO, CubicFarms. "Having our indoor growing technologies available through distributors helps accelerate their deployment to meet the urgent needs of farmers facing severe drought. We want to empower farmers by giving them control and on-farm access to high-quality fresh livestock feed."