CubicFarm announces completion of $6.4 million senior secured term loan

CubicFarm announced that it has completed the closing of a CAD6.4 million secured revolving term loan to support business operations.

The term loan amount increased from CAD6.25 million, as previously announced on September 14, 2022, to CAD6.4 million. The company drew the full amount at closing.

The lender of the term loan also received share purchase warrants in HydroGreen, a wholly-owned subsidiary of the company, to purchase, in aggregate, approximately USD4.8 million of HGI shares at a USD20.0 million pre-money valuation, in accordance with the previous announcement.

For more information:


Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.

Click here for a guide on disabling your adblocker.