CubicFarm Systems Corp. — Capital/Financing Update 2021

Apr 22, 2021

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RECEIPT

CubicFarm Systems Corp.

This is the receipt of the British Columbia Securities Commission for the Amended and Restated Short Form Base Shelf Prospectus dated April 20, 2021 (the amended prospectus) amending and restating the Short Form Base Shelf Prospectus of the above Issuer dated December 14, 2020 .

This receipt also evidences that the Ontario Securities Commission has issued a receipt for the amended prospectus.

The amended prospectus has been filed under Multilateral Instrument 11-102 Passport System in Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador . A receipt for the amended prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.

April 21, 2021

S. Anne Bruchet

S. Anne Bruchet, CPA, CA Senior Securities Analyst, Corporate Finance

SEDAR Project Number 3143210

Tel: 604 899-6500 Fax: 604 899-6506 Toll Free: 1 800-373-6393 www.bcsc.bc.ca P.O. Box 10142, Pacific Centre, 701 West Georgia Street Vancouver, BC, Canada V7Y 1L2