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Asset/Investment Management
precisioncapital.com

Investments

3

Portfolio Exits

1

Funds

25

About Precision Capital

Precision Capital is an independent alternative investment firm. It specializes in private equity, hedge funds, and structured credit. It provides investment advisory, and portfolio management services, and manages commitments for institutional investors, family offices, and ultra-high-net-worth individuals. The company was founded in 2004 and is based in New York, New York.

Headquarters Location

399 Park Avenue 37th Floor

New York, New York, 10022,

United States

212-355-3250

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Latest Precision Capital News

CubicFarms Provides Update on HydroGreen's Feed Center in California and Strategic Expansion into Oklahoma

Jan 23, 2024

CubicFarms Provides Update on HydroGreen's Feed Center in California and Strategic Expansion into Oklahoma January 23, 2024 at 07:35 am EST Share Vancouver, British Columbia--(Newsfile Corp. - January 23, 2024) - CubicFarm® Systems Corp. (TSXV: CUB) ("CubicFarms" or the "Company"), a leading agricultural technology company, announced that its ruminant livestock feed subsidiary company, HydroGreen Inc. ("HydroGreen"), has agreed to enter into a partnership agreement with Hansen Industries to construct two Feed Centers in Visalia, California, each equipped with 20 GLS 808 machines. This agreement is designed to fulfill the previously announced, pre-existing demand for 120 tons of fodder per day of fresh sprouted grains as part of a Feed as a Service ("FaaS") offering. "We are excited to partner with HydroGreen to build Feed Centers and provide an industry-changing feed additive," says Shane Hansen, Founder and CEO of Hansen Industries. "The Feed Centers will be developed and built in Visalia, CA to supply sprouted grains to our existing signed customer base to add to their daily feed ration. As observed in research trials, the positive impact of this high-performance feed additive is evident in the herd within days. We are only beginning to understand the long-term health benefits that HydroGreen provides to the animal, and the value that it brings back to the producer. Any dairyman will tell you, 'You have to feed it to believe it!' This partnership will allow us to do just that." Hansen Industries is renowned for delivering high-quality dairy industry products and services with a focus on building long-term relationships with customers. In addition to the progress in Visalia, California, HydroGreen announces plans for an additional Regional Feed Center in Tulsa, Oklahoma with Precision Capital Ventures. In this agreement, HydroGreen will be the exclusive FaaS supplier of fresh fodder to Precision Capital Ventures, with HydroGreen building and operating the Regional Feed Centers on behalf of the customer. Gabe Orr, Founder and Partner of Precision Capital Ventures said, "Precision Capital Ventures looks to rely on HydroGreen's service to scale and build our future in grass-fed beef operations, together we can produce verifiably healthier beef cattle for our consumers. Our initial plans will require one HydroGreen Feed Center to be added each year for the next four years." Precision Capital Ventures is a private equity firm founded by 4th generation beef ranchers, specializing in innovative technologies in the agriculture and beef industries. "This expansion of HydroGreen's operations showcase HydroGreen's capacity to meet large-scale needs for the evolving agricultural sector through practical, efficient solutions," said John de Jonge, President and CEO of HydroGreen. "Our goal is to bring continuous value to producers while diversifying HydroGreen's geographical footprint throughout the US." "HydroGreen's recent agreements are pivotal in the execution of our FaaS model, showcasing our ability to innovate both independently and in collaboration with key agricultural partners. Our strategy for 2024 and beyond is centered on expanding Feed Center operations in crucial US markets. This expansion is not just about growth; it's about solidifying a sustainable source of recurring revenue for the company," said Michael Kyne, CFO of CubicFarms and HydroGreen. Contact info@cubicfarms.com for media or investors@cubicfarms.com for investor inquiries. Contact HGInfo@hydrogreenglobal.com to reach HydroGreen's Producer Education Team. Forward-looking and other cautionary statements Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including, without limitation, statements with respect to: the estimated harvesting capabilities of the machines, nutritional benefits of feed produced by the machines and quality of the feed in general. Such statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such statements can be identified by the use of words such as "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict", and other similar terminology, or state that certain actions, events, or results "may", "can", "could", "would", "might", or "will" be taken, occur, or be achieved. These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company's expectations regarding future events, performance, or results change. About HydroGreen HydroGreen produces Automated Vertical Pastures™, a type of smart farming equipment that uses a unique process to sprout grains such as wheat and barley, in a controlled growing environment to efficiently produce a high-performance feed ingredient for livestock 365 days a year. HydroGreen's equipment is simple and easy to operate and performs all growing functions automatically, including seeding, watering, lighting, harvesting, and re-seeding, which allows livestock businesses to feed consistent nutrition every day with minimal labour. When balanced correctly in the ration, HydroGreen sprouted grain modifies animal digestion which enhances productivity and reduces the amount of enteric methane emitted in ruminant livestock. The result also enables environmental benefits to the farm while helping to meet increasing demand for valuable farm-based inset and offset carbon credits. For more information, please visit www.hydrogreenglobal.com. About CubicFarms CubicFarms is a leading 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 subsidiary of CubicFarm Systems Corp. The CubicFarms™ system contains patented technology for growing leafy greens and other crops on-site, 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. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/195256 Share CubicFarm Systems Corp. is a Canada-based local chain agricultural technology company. The Company provides automated on-site commercial scale food and livestock feed technologies through research and development, manufacture, and sale of hydroponic growing systems. The Company operates through two segments: Feed Division and Fresh Division. The Feed Division segment operates using the Company’s HydroGreen technology for growing nutritious livestock feed. The Company's Fresh Division segment operates using the CubicFarm System, which contains CubicFarms technology for growing leafy greens and other crops. The HydroGreen System performs various growing functions, including seeding, watering, lighting, harvesting, and re-seeding. The CubicFarm System grows leafy greens, herbs, and microgreens. Its subsidiaries include CubicFarm Manufacturing Corp., CubicFarm Innovation Corp., CubicFarm Services Corp., CubicFarm Produce (Canada) Corp. and CubicFarm Capital Corp., among others. Sector

Precision Capital Investments

3 Investments

Precision Capital has made 3 investments. Their latest investment was in ForSight Robotics as part of their Series A on July 18, 2022.

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Precision Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/18/2022

Series A

ForSight Robotics

$55M

Yes

6

1/4/2022

Series B

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$99M

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10

4/1/2000

Corporate Minority

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10

Date

7/18/2022

1/4/2022

4/1/2000

Round

Series A

Series B

Corporate Minority

Company

ForSight Robotics

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Amount

$55M

$99M

New?

Yes

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Co-Investors

Sources

6

10

10

Precision Capital Portfolio Exits

1 Portfolio Exit

Precision Capital has 1 portfolio exit. Their latest portfolio exit was Raqia Networks on February 28, 2003.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/28/2003

Acquired

$99M

1

Date

2/28/2003

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Precision Capital Fund History

25 Fund Histories

Precision Capital has 25 funds, including PCA Opportunities Fund 2022 - Series V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/2/2023

PCA Opportunities Fund 2022 - Series V

$11.86M

2

6/2/2023

Andalusian Principal Partners Fund

$14.5M

2

9/1/2020

Special Opportunities Fund 2020 - Series A (Tech)

$26.95M

2

9/1/2020

Special Opportunities Fund 2020 - Series B (Credit)

$99M

10

9/1/2020

Special Opportunities Fund 2020 - Series C (Double Impact)

$99M

10

Closing Date

6/2/2023

6/2/2023

9/1/2020

9/1/2020

9/1/2020

Fund

PCA Opportunities Fund 2022 - Series V

Andalusian Principal Partners Fund

Special Opportunities Fund 2020 - Series A (Tech)

Special Opportunities Fund 2020 - Series B (Credit)

Special Opportunities Fund 2020 - Series C (Double Impact)

Fund Type

Status

Amount

$11.86M

$14.5M

$26.95M

$99M

$99M

Sources

2

2

2

10

10

Precision Capital Team

4 Team Members

Precision Capital has 4 team members, including current Founder, Managing Director, Todd Kesselman.

Name

Work History

Title

Status

Todd Kesselman

Founder, Managing Director

Current

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Name

Todd Kesselman

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Work History

Title

Founder, Managing Director

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Status

Current

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