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 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.
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.