CubicFarm Systems

Provides unique automated on site commercial-scale food and livestock feed technologies.

Launch date

2015

Employees

Market cap

Enterprise valuation

$15m (Public information from Dec 2023)

Langley British Columbia (HQ)

https://cubicfarms.com

https://twitter.com/cubicfarms https://www.linkedin.com/company/cubicfarm-systems-corp/

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Revenues, earnings & profits over time

CAD	2017	2018	2019	2020	2021	2022	2024
Revenues	<1m	3.6m	5.4m	5.2m	5.3m	3.6m	33.1m
% growth	-	330427 %	47 %	(4 %)	2 %	(31 %)	-
EBITDA	(<1m)	(1.4m)	(7.2m)	(8.1m)	(27.6m)	(36.6m)	-
% EBITDA margin	(75982 %)	(38 %)	(135 %)	(156 %)	(523 %)	(1007 %)	-
Profit	(<1m)	(1.4m)	(7.6m)	(10.1m)	(29.4m)	(60.4m)	-
% profit margin	(77409 %)	(38 %)	(142 %)	(195 %)	(557 %)	(1660 %)	-
EV / revenue	-	-	4.1x	22.5x	36.2x	5.3x	-
EV / EBITDA	-	-	-3.0x	-14.4x	-6.9x	-0.5x	-
R&D budget	-	<1m	2.5m	1.3m	7.5m	10.4m	-
R&D % of revenue	-	2 %	46 %	26 %	143 %	287 %	-

Date	Investors	Amount	Round
-	Agribusiness Advisors Ospraie Ag Science	N/A	-
Jul 2019	N/A	CAD1.1m	IPO
Jul 2020*	N/A	$3.7m	Post IPO Debt
Apr 2021*	Burnett Land & Livestock	$1.5m	Private Placement VC
Sep 2022*	N/A	CAD6.4m	Post IPO Debt
Jan 2023*	Canadian Food Innovation Network	N/A	Grant
May 2024*	John de Jonge	CAD575k	Private Placement VC
Total Funding		$1.9m

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