Daniel Burns appointed as interim Chief Financial Officer of CubicFarm

CubicFarm has appointed Daniel Burns, a member of the Company’s Board of Directors, as interim Chief Financial Officer. He will step down as Chair of the Company’s Audit Committee to serve as interim CFO, effective April 1, 2022.

Daniel Burns became the first certified director in British Columbia with an ICD.D designation granted by the Institute of Corporate Directors, and one of the first in Canada. He is Audit Committee Certified (“A.C.C.”) from the Director’s College. Burns is a member of the Law Society of British Columbia and the Certified Professional Accountants of Ontario. He holds a Master of Business Administration (“MBA”) from the University of Toronto and a Global Executive MBA from the University of St Gallen, Switzerland. He is well-versed in public markets and has served as chair of significant audit committees in both Canada and the United States, as well as formerly serving as CFO of a publicly listed issuer.

Tim Fernback will step down from his role serving as the Company’s CFO but will continue as a Company advisor while overseeing several strategic projects over the next several months during this transition period. In addition, Fernback will continue serving as an active member of the Company’s Scientific Advisory Board (“SAB”).

“I’m grateful for my time as CFO at CubicFarms and proud of my contributions to the Company’s significant growth over the past two years, including overseeing $70 million in new financings and graduating to Toronto Stock Exchange,” said Fernback. “I’m a strong believer in the Company’s mission to help feed our changing world and improve food security by localizing food production and excited about the next phase of Company growth.”

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