Trustbix Stock Price, News & Analysis

TrustBIX Inc. (TSXV: TBIX) has announced a new stock option grant approved by its Board of Directors. The company will issue options to purchase up to 4,120,000 common shares to its directors, officers, employees and consultants. The options have an exercise price of $0.05 per common share, with a three-year expiration period. The vesting schedule is structured in three equal portions: one-third vesting immediately upon grant, another third on the first anniversary, and the final third on the second anniversary.

TrustBIX Inc. (TSXV: TBIX) has announced that its subsidiary, Alberta Food Security Inc. (AFS), has entered into a cause marketing agreement with the University Hospital Foundation. Through this initiative, AFS will donate $1,000 from each indoor farm grow module sale to the Foundation's Igniters program.

The partnership allows AFS customers to support both local food security and healthcare advancements by purchasing indoor farming technology modules that enable sustainable, local produce production. The Igniters program focuses on advancing healthcare through innovation and philanthropy.

TrustBIX Inc. (TSXV: TBIX) has reported its financial results for Q1 ended December 31, 2024, showing significant improvements across key metrics compared to the same period in 2023:

• Net loss decreased by 28.6% to $186,233 (vs $260,953)
• Revenue increased by 22.8% to $361,821 (vs $294,554)
• Operating expenses reduced by 5.9% to $495,101 (vs $525,865)
• Cash used in operations improved by 31.2% to $60,606 (vs $88,066)

The company's Alberta Food Security marketing events have gained positive reception, helping expand awareness of TrustBIX's role in North American food security, sustainability, and transparency within the indoor vertical farming sector.

TrustBIX Inc. (TSXV: TBIX) has released its financial results for the fiscal year ended September 30, 2024. The company demonstrated significant improvement in its financial performance through operational streamlining and expense reduction:

Key financial highlights include:

• Net loss decreased by 76.9% to $710,765 (from $3,073,808 in 2023)
• Cash used in operations improved by 83.8% to $103,396 (from $639,944 in 2023)
• Revenue declined by 25.9% to $1,577,985 (from $2,128,401 in 2023)
• Operating expenses reduced by 51.3% to $2,161,181 (from $4,435,699 in 2023)

The company's subsidiary, Alberta Food Security, secured over $5,000,000 in contracts for indoor farming technology, though manufacturing challenges have delayed delivery and revenue recognition to 2025.

TrustBIX Inc. (TSXV: TBIX) has completed the second and final tranche of its non-brokered private placement, issuing 1,550,000 common shares at $0.02 per share for gross proceeds of $31,000. Combined with the first tranche, the company has raised total gross proceeds of $86,800 through the issuance of 4,340,000 common shares.

A director and officer participated in the placement, acquiring 640,000 shares for $12,800. This insider participation was deemed exempt from formal valuation and minority shareholder approval requirements. The shares are subject to a four-month and one-day hold period, and no finder's fees were paid. The proceeds will be used for ongoing working capital.

TrustBIX Inc. (TSXV: TBIX) has received conditional acceptance from the TSX Venture Exchange for its non-brokered private placement announced on November 13, 2024. The company has completed the initial tranche, raising $55,800 through the issuance of 2,790,000 common shares at $0.02 per share. The total private placement aims to raise up to $100,000 through the issuance of up to 5,000,000 common shares.

Company insiders, including a director and an officer, participated in the placement, acquiring 640,000 common shares for $12,800. The transaction qualifies as exempt from formal valuation and minority shareholder approval requirements under MI 61-101. The proceeds will be used for working capital purposes.

TrustBIX Inc. (TSXV: TBIX) has announced a non-brokered private placement of up to 5,000,000 common shares at $0.02 per share, aiming to raise gross proceeds of up to $100,000. The proceeds will be used for general working capital. The shares will be subject to a four-month and one-day statutory hold period following the closing date. The placement will be conducted under National Instrument 45-106 exemptions for accredited investors, employees, executive officers, directors, consultants, and existing security holders.

TrustBIX Inc. (TSXV: TBIX) and Métis Settlements Development (MSDC) have announced their commitment to create a strategic partnership, effective September 19, 2024. The collaboration aims to assess opportunities for fostering food security in rural and remote communities. Key objectives include:

• Ensuring year-round access to fresh produce
• Making better use of underutilized spaces
• Creating entrepreneurship and employment opportunities

Barbara McKenzie, CEO of MSDC, expressed excitement about working with TrustBIX, highlighting their Métis-owned and developed indoor farm technology. MSDC is building a portfolio focused on agriculture and agtech investments. Hubert Lau, CEO of TrustBIX, emphasized that this partnership is the first step in leveraging their technology to improve food security across Canada.

TrustBIX Inc. (TSXV: TBIX) has appointed Jason Pincock to its advisory board. Pincock, a Certified Professional Accountant and Queens Executive Program graduate, brings extensive experience as a former CEO and executive leader in Alberta. Currently serving as the Chief Operating Officer of Logican, he has a background in healthcare organizations, technology, and biotech. Pincock is known for his transparent leadership style, innovation, and strategic thinking.

Hubert Lau, CEO of TrustBIX, expressed enthusiasm about Pincock's appointment, highlighting his proven track record in scaling companies, manufacturing expertise, and knowledge of non-dilutive financing. The company aims to leverage Pincock's experience to drive growth.