Brief: Cubicfarms Attracts $1.16 Mln Investment From Leading Dairy Entrepreneur Harry Dewit And Company Insiders

CubicFarm Systems

15/07/2020 12:33

July 15 (Reuters) - CubicFarm Systems Corp  CUB.V :
    * CUBICFARMS ATTRACTS $1.16 MILLION INVESTMENT FROM LEADING
DAIRY
ENTREPRENEUR HARRY DEWIT AND COMPANY INSIDERS
    * CUBICFARM SYSTEMS - PRIVATE PLACEMENT WITH HARRY DEWIT AND
COMPANY INSIDERS, INVOLVING ISSUANCE OF 1.7 MILLION COMMON
SHARES AT C$0.70 PER SHARE
    * CUBICFARM SYSTEMS - NET PROCEEDS FROM OFFERING ARE
EXPECTED TO
BE USED FOR RESEARCH AND DEVELOPMENT TO EXPAND MACHINE
CAPABILITIES AND CROP VARIETIES

Source text for Eikon:  ID:nCNW4h9JSa 
Further company coverage:  CUB.V 

 ((Reuters.Briefs@thomsonreuters.com;))