G. David Cole joins CubicFarms' board of directors

G. David Cole, a banking executive, has been appointed to the CubicFarms' Board of Directors.

As Vice Chairman of the Enterprise Strategic Client Group at Royal Bank of Canada, Cole has extensive expertise in strategic business growth, capital markets, financial products and client-centric sales and marketing. G. David Cole, MBA, is recognized as an accomplished senior financial executive with nearly 40 years of corporate experience in building teams and businesses in a broad range of global markets and economies.

“From the moment I first saw the CubicFarms technologies, I knew I wanted to help this Canadian Ag-Tech company to achieve global market dominance,” said Cole. “They are leading a crucially important emerging industry that addresses both food supply chain and climate change issues. I wholeheartedly believe in their purpose to help farmers and communities to grow more with less, locally and sustainably. I connected immediately with the energy, focus, and drive of the CubicFarms leadership team and the vast opportunity in front of us.”

Cole will replace outgoing director Chris Papouras who has served on the Company’s board for nearly two years. “We would like to sincerely thank Chris Papouras for his years of service and contributions to the company, especially helping CubicFarms navigate through the uncertain times caused by the COVID-19 global pandemic,” said Dinesen.

The company also announced today that its Board of Directors has approved the grant of 275,000 stock options to certain directors of the company pursuant to the company’s stock option plan, subject to regulatory approval.