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TrustBIX Inc - TBIXF STOCK NEWS

Welcome to our dedicated news page for TrustBIX (Ticker: TBIXF), a resource for investors and traders seeking the latest updates and insights on TrustBIX.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TrustBIX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TrustBIX's position in the market.

News
TrustBIX Inc. Announces Cancellation of Shares Held in Escrow
Rhea-AI Summary
TrustBIX Inc. announced the cancellation of 20,000,000 common shares held in escrow, reducing the total outstanding common shares to 118,869,330. The Escrow Shares were to be released upon meeting specific conditions related to the acquisition of Insight Global Technology Inc., but as the conditions were not met, the shares were cancelled without any consideration. This event impacts the company's share structure and highlights the importance of meeting acquisition-related conditions.
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TrustBIX Inc. Announces Results of Its Annual General Meeting of Shareholders
Rhea-AI Summary
TrustBIX Inc. held its Annual General Meeting of Shareholders on April 18, 2024, where all proposed matters were approved. Shareholders fixed the number of directors at five, elected five directors, and re-appointed the Company's auditors. The Company expressed gratitude to shareholders for their participation and support.
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TrustBIX Inc. Announces First Orders for Indoor Farming Technology
Rhea-AI Summary
TrustBIX Inc. announces first orders for indoor farming technology, totaling $650,000 with a 25% gross margin. Annual fees of 5% of purchase price expected for automation and monitoring. Revenue recognition upon product delivery.
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TrustBIX Inc. Announces Exclusive International Territory Reseller Agreement with AgriPlay
Rhea-AI Summary
TrustBIX Inc. signs an exclusive international territory reseller agreement with AgriPlay Ventures Inc., allowing Alberta Food Security Inc. to resell indoor farming technology globally. The 10-year Agreement aims to strengthen the partnership and leverage global relationships for mutual growth.
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TrustBIX Inc. Announces December 31, 2023 First Quarter Financial Results
Rhea-AI Summary
TrustBIX Inc. (TBIXF) announces financial results for Q1 2024, showcasing a significant reduction in operating expenses and strategic changes to focus on key businesses. Revenue decreased by 29.7%, operating expenses by 57.4%, and non-cash operating expenses by 92.5% compared to Q1 2023.
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TrustBIX Inc. Announces Closing of Private Placement
Rhea-AI Summary
TrustBIX Inc. (TBIXF) has closed a non-brokered private placement, issuing 6,500,000 common shares at $0.01 per share for gross proceeds of $65,000. The company conducted the placement under various prospectus exemptions and the securities issued are subject to a hold period. The proceeds will be used for general working capital and business growth.
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TrustBIX Inc. Announces September 30, 2023 Year End Financial Results
Rhea-AI Summary
TrustBIX Inc. (TBIXF) announced a 27.1% increase in revenue and a 24.4% decrease in net loss for the year ended September 30, 2023, compared to 2022. Operating expenses decreased by 21.4%, and non-cash operating expenses related to stock-based compensation and amortization and depreciation expense also decreased. The company's CEO, Hubert Lau, expressed satisfaction with the strategic changes and plans to continue executing the business plan in 2024.
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TrustBIX Inc. Announces Stock Option Grant
Rhea-AI Summary
TrustBIX Inc. (TBIX) announces the approval of a grant of stock options to its directors, officers, employees, and consultants to purchase up to 8,400,000 common shares at an exercise price of $0.01 per share. The Options will vest over a period of three years and will expire if not exercised within that time frame.
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TrustBIX Inc. Announces Strategic Changes to Product Portfolio and Extension and Amendment to Previously Issued Convertible Debenture
Rhea-AI Summary
TrustBIX Inc. (TSXV: TBIX) announces a strategic shift in its product portfolio, including the phase-out of ViewTrak Market Master and Dealer Master software programs, representing 19% and 23% of total revenue, and an extension and amendment to its convertible debenture.
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TrustBIX Inc. Announces Closing of Second and Final Tranche of Previously Announced Private Placement and Announces Private Placement
Rhea-AI Summary
TrustBIX Inc. (TSXV: TBIX) closed the second and final tranche of its non-brokered private placement, issuing 1,300,000 units at a price of $0.02 per unit for gross proceeds of $26,000. The company issued an aggregate of 4,500,000 units for gross proceeds of $90,000, with each unit comprised of one common share and one common share purchase warrant. Certain insiders participated in the private placement for an aggregate total of 550,000 units for gross proceeds of $11,000. The proceeds will be used for ongoing working capital and expenses associated with the completion of the acquisition of Alberta Food Security Inc.
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TBIXF Stock Data

1.03M
133.25M
6.33%
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Edmonton