Strong Track Record of Shareholder

Value Creation With

Disruptive Technologies

VANCOUVER, B.C., April 6, 2021 – CubicFarm® Systems Corp. (TSXV: CUB) (“CubicFarms” or the “Company”), a local chain agricultural technology company, today announced the appointment of Thomas Liston as Vice President (VP) of Corporate Development.

Thomas (Tom) Liston will provide CubicFarms with strategic business development and capital markets advisory services in his role as VP of Corporate Development. Liston is a technology investor, advisor, and a Chartered Financial Analyst® with over 20 years of experience in capital markets. He’s the founder of Water Street Corp and currently serves on several boards of directors for public and private technology companies, and he has a strong track record of shareholder value creation in that capacity. He has served on the Board of Directors of WELL Health Technologies (TSX: WELL) since April 2018 and Tantalus Systems Holding Inc. (TSX.V: GRID) since January 2021.

Prior to his current role, he was the Chief Investment Officer of a leading technology-focused venture capital firm and was responsible for leading the firm’s investments in Software-as-a-Service (SaaS), FinTech, and Healthcare Information Technology (IT) sectors. Two of these investments were among the top exits in Canadian technology in recent years.

“My focus is working with disruptive technology companies in sectors with compelling macro tailwinds, which has resulted in the delivery of strong returns for shareholders. I was drawn to CubicFarms because the Company’s best-in-class indoor growing technologies uniquely fit this theme,” said Tom Liston.

Liston began his career with Yorkton Securities as a Research Analyst covering public Software and IT Services companies. In 2003, he joined Versant Partners in the same role and was quickly promoted to Director of Research while maintaining his coverage of technology companies. In 2012, Versant Partners’ team was acquired by Cantor Fitzgerald, where he served as Director of Canadian Research and covered the technology sector. Liston has been consistently ranked among the top technology analysts in several surveys, including StarMine, Brendan Wood, Greenwich Associates, and Reuters. During his tenure as a Research Analyst, he had received more StarMine stock-picking awards than any other technology analyst.

“Tom is a capital markets veteran in technology with proven experience identifying underrecognized companies and assisting in unlocking value for shareholders. He’s uniquely experienced to work with a disruptive technology company of our size on the journey to achieve industry leadership,” said Dave Dinesen, CEO, CubicFarm Systems Corp.

A respected member of both the technology community and his alumni organizations, Liston completed a Bachelor of Business Administration degree in Finance from the University of New Brunswick (UNB) and a Master of Arts in Economics and Finance from Queen’s University. In 2017, he was the recipient of the UNB Faculty of Management’s Certificate of Achievement and UNB also recognized Liston with the Proudly UNB Alumni Award of Distinction in 2020.

About CubicFarms

CubicFarms is a local chain, agricultural technology company developing and deploying technology to feed a changing world. Its proprietary ag-tech solutions enable growers to produce high quality, predictable produce and fresh livestock feed with HydroGreen Nutrition Technology, a division of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops onsite, indoors, all year round. CubicFarms provides an efficient, localized food supply solution that benefits our people, planet, and economy.

For more information, please visit www.cubicfarms.com.

On behalf of the Board of Directors

“Dave Dinesen”

Dave Dinesen, Chief Executive Officer

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. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

Media Contact:
Andrea Magee
T: 236.885.7608
E: andrea.magee@cubicfarms.com

Investor Contact:
Adam Peeler  
T: 416.427.1235
E: adam.peeler@cubicfarms.com

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