LANGLEY, BC, July 15, 2016 /CNW/ - Bevo Agro Inc. (BVO:TSXV) announces the recent establishment of a subsidiary company called CubicFarm Systems Corp. and it's 54% ownership.
CubicFarm Systems Corp. will be using Bevo Agro's patent pending Cubic Farming technology, developed through research at and by Bevo Agro staff over the past four years, which makes it possible for anyone to be a cubic farmer. The Cubic Farming™ machines can grow a large variety of leafy greens like lettuce, herbs and micro greens. They produce all year round—no matter the season or weather conditions, using Controlled Environment Agriculture technologies.
The growing machines use a unique conveyor method with LED lighting, climate controls and an automated nutrient delivery process. The machines are self contained within a 40 foot container or frame mounted for warehouse applications. Each machine is capable of producing up to 5,000 heads of lettuce each month. The first contract for 14 machines to be installed has been confirmed.
Bevo Agro is North America's leading supplier of propagated agricultural plants, operating 45 acres of greenhouse facilities on 98 acres of land in Langley, BC and 20 acres of land in Pitt Meadows, BC. The Company's main products are the propagation of vegetable plants such as tomatoes, peppers, cucumbers, and other plants such as bedding plants, flowers and grasses. The Company markets its products to established greenhouse growers, nurseries and retail outlets throughout North America. The majority of Bevo's sales result from repeat orders through recurring multiyear contracts.
CubicFarm Systems Corp. is the worldwide licensee of Bevo Agro's patent pending Cubic Farming technology which has been several years in development and production. Incorporated in 2016, CubicFarms Systems is dedicated to managing the opportunity for businesses and entrepreneurs to own and operate a cubic farm by providing world- class systems, processes and support to the cubic farmer. Local and international marketing of the CubicFarm System will soon commence.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Bevo Agro Inc.
For further information: Jack Benne, President, Bevo Agro Inc., Phone: (604) 888-0420, Fax: (604) 888-8048, Email: [email protected]; Dave Dinesen, CEO, CubicFarm Systems Corp., Phone: 604-220-1370, Email: [email protected]