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TrustBIX Inc. reports developments tied to its agricultural technology business, including Gate to Plate® solutions used by agri-food organizations. Company updates cover product and asset activity such as the Indoor Farm Management System, a production-ready platform with modules for farm operations, IoT device management, AI-driven plant recognition, traceability, CRM, operator training, order management, and resource tracking.
Recurring news also includes material agreements, support-service transitions involving ViewTrak Technologies Inc., private placements, common-share and warrant structures, TSX Venture Exchange acceptance matters, governance updates, and operating and financial results.
TrustBIX (OTC:TBIXF) signed an asset purchase agreement dated October 3, 2025 to acquire an Indoor Farm Management System (IFMS) from Mindsgate Ltd. The IFMS is described as a production-ready, ERP-grade platform with modules for operations, IoT device management, AI plant recognition, traceability, CRM, training, order management, and resource tracking.
Consideration for the Proposed Transaction is 6,000,000 units, each unit consisting of one common share and one warrant exercisable at $0.08 for two years. All securities will be subject to a statutory four-month plus one-day hold. Closing is conditional on customary consents and TSXV approval. No finder’s fee expected. CTO Adam Morand resigned effective October 3, 2025.
TrustBIX Inc. (TSXV: TBIX) has successfully closed its previously announced non-brokered private placement, raising $400,000 through the issuance of 10,000,000 units at $0.04 per unit.
Each unit consists of one common share and one warrant, with warrants exercisable at $0.08 per share for a two-year period. The company has an acceleration right if shares trade at or above $0.12 for 20 consecutive trading days. The proceeds will be used for general working capital, including inventory acquisition to support operations. The securities are subject to a four-month hold period, and no finder's fees were paid.
TrustBIX Inc. (TSXV: TBIX) released its Q3 2025 financial results, reporting a significant increase in net loss to $255,984 compared to $9,773 in Q3 2024. Revenue declined 40.8% to $324,545, while operating expenses increased slightly by 3.9% to $547,111.
For the nine-month period, the company reported revenue of $1,021,778, down 13.8% year-over-year, while operating expenses improved by 8.6%. Despite revenue challenges, cash management showed improvement with operating activities providing $31,780 in Q3, a 70.5% increase from 2024.
CEO Hubert Lau highlighted progress in cost management and noted that while ViewTrak revenue decreased, the Alberta Food Security team secured new indoor farming technology orders, with initial deliveries beginning in June 2025.
TrustBIX (TSXV: TBIX) has received approval from the TSX Venture Exchange to extend its previously announced non-brokered private placement deadline to September 2nd, 2025. The offering consists of up to 10 million units at $0.04 per unit, aiming to raise gross proceeds of up to $400,000.
Each unit comprises one common share and one warrant, with each warrant allowing the purchase of one common share at $0.08 for two years. The company includes an acceleration clause if shares trade at or above $0.12 for 20 consecutive trading days. Proceeds will support general working capital and inventory acquisition for ongoing operations.
TrustBIX Inc. (TSXV: TBIX) has announced key changes to its Board leadership. Nathaniel M. Mison has been appointed as the new Chair of the Board, succeeding Edward (Ted) Power who served since September 2019. Additionally, Lap Shing (Andrew) Kao has been named Chair of the Audit Committee.
Mison, who joined as an independent director in April 2023, is a Founding Partner of Diplomat Consulting and brings significant experience in regulatory frameworks and public affairs. Kao, serving as a director since November 2020, brings over 20 years of auditing and accounting expertise and currently serves as CFO of Hanbo Enterprises Limited.
TrustBIX Inc. (TSXV: TBIX) held its Annual General Meeting on July 17, 2025, where shareholders approved all proposed matters. The meeting resulted in the election of five directors: Hubert Lau, Edward Power, Lap Shing Kao, Nathaniel Mison, and Adam Morand. Shareholders also approved the re-appointment of Kenway Mack Slusarchuk Stewart LLP as the company's auditors.
Following the formal proceedings, shareholders received a corporate presentation. Management expressed gratitude to shareholders for their participation and continued support.
TrustBIX Inc. (TSXV: TBIX) has announced a non-brokered private placement offering of up to 10 million units at $0.04 per unit, aiming to raise gross proceeds of up to $400,000. Each unit consists of one common share and one warrant, with each warrant exercisable at $0.08 per share for two years.
The company included an acceleration clause that triggers if the stock price stays at or above $0.12 for 20 consecutive trading days. The proceeds will support general working capital needs, particularly for inventory acquisition. The securities will have a 4-month and 1-day hold period, and will be sold under NI 45-106 exemptions.
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.