TrustBIX Inc. Is Building Relationships to Support Indigenous Communities

Rhea-AI Summary

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.

Positive

• Strategic partnership with Métis Settlements Development to address food security in rural and remote communities
• Potential for new business opportunities in underutilized spaces
• Possible creation of entrepreneurship and employment opportunities in target communities

Negative

• None.

Edmonton, Alberta--(Newsfile Corp. - September 24, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") and Métis Settlements Development Corporation ("MSDC") are pleased to announce their commitment to creating a strategic partnership to assess opportunities for fostering food security in rural and remote communities, effective September 19, 2024. The collaboration aims to ensure year-round access to fresh produce, make better use of underutilized spaces, and create entrepreneurship and employment opportunities within these communities.

Barbara McKenzie, CEO of MSDC, remarked, "MSDC is excited to be working with TrustBIX, a leader in agtech, and their Métis-owned and developed indoor farm technology. The focus of this partnership is to explore opportunities to advance economic reconciliation and build projects with indigenous communities. MSDC is building a portfolio focused on agriculture and agtech investments. Since first viewing this technology in 2023, we believe its leadership in indoor farming will create significant opportunities for rural and remote communities to access fresh food and the utilization of under used real estate."

Hubert Lau, CEO of TrustBIX, added, "We look forward to forging a strong relationship with MSDC. This partnership represents the first step in a series of initiatives aimed at leveraging our technology to create meaningful improvements in food security for communities across Canada."

About Métis Settlements Development Corporation (MSDC)

MSDC's primary mission is to advance the economic interests of the Métis Settlements in Alberta. The Corporation manages investments on behalf of the Métis Settlements Limited Partnership. MSDC blends social purpose with diversified investment strategies, reflecting a commitment to long-term revenue generation. MSDC recently launched the first Métis led Impact Investment Fund in Canada and is currently raising $100M in capital to fuel Indigenous investments into clean technology, food security, health and well being for indigenous communities as well as supporting Indigenous led businesses.

www.msdcorp.ca

About TrustBIX (TSXV: TBIX)
TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.

www.TrustBIX.com

FOR MORE INFORMATION CONTACT:
Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com

For Métis Settlements Development Corporation
Barbara McKenzie
CEO
barbara.mckenzie@msdcorp.ca
780-966-2906

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224288

FAQ

What is the purpose of the partnership between TrustBIX Inc. (TBIXF) and MSDC announced on September 19, 2024?

The partnership aims to assess opportunities for fostering food security in rural and remote communities, ensuring year-round access to fresh produce, utilizing underutilized spaces, and creating entrepreneurship and employment opportunities.

How does TrustBIX Inc. (TBIXF) plan to address food security issues in remote communities?

TrustBIX plans to leverage its Métis-owned and developed indoor farm technology to improve access to fresh food and create opportunities for rural and remote communities.

What are the potential benefits of the TrustBIX Inc. (TBIXF) and MSDC partnership for indigenous communities?

The partnership aims to advance economic reconciliation, build projects with indigenous communities, improve food security, create employment opportunities, and make better use of underutilized spaces in these communities.