TrustBIX Inc. Receives Final Exchange Acceptance for Purchase of Indoor Farm Management System Asset

Rhea-AI Summary

TrustBIX (OTC:TBIXF) received final TSX Venture Exchange acceptance on November 25, 2025 for its purchase of an Indoor Farm Management System (IFMS) asset from Mindsgate.

The IFMS is described as a production-ready, ERP-grade platform including IoT device management, AI plant recognition, traceability, CRM, order management and training modules.

Pursuant to the asset purchase agreement, TrustBIX issued 6,000,000 units as consideration at a deemed price of $0.035 per unit; each unit comprises one common share and one warrant exercisable at $0.08 for two years. All securities are subject to a statutory four-month plus one-day hold period.

Positive

• Acquired a production-ready ERP-grade IFMS
• IFMS includes AI, IoT, traceability and CRM modules

Negative

• Issued 6,000,000 units as consideration, creating dilution risk
• Warrants exercisable at $0.08 for two years may add dilution

Edmonton, Alberta--(Newsfile Corp. - November 25, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that further to its press releases dated October 3, 2025 and November 7, 2025, the Company has received final acceptance from the TSX Venture Exchange for the acquisition of an Indoor Farm Management System ("IFMS") asset (the "Transaction") from Mindsgate Ltd. (the "Vendor").

The IFMS is a fully integrated, production-ready platform featuring modules for farm operations, Internet of Things ("IoT") device management, AI-driven plant recognition, traceability, client relationship management ("CRM"), operator training, order management, and resource tracking. Together, these capabilities form an Enterprise Resource Planning ("ERP") grade solution tailored to indoor farming.

Pursuant to the terms of the asset purchase agreement, TrustBIX acquired the IFMS asset in exchange for issuing 6,000,000 units (the "Consideration Units") to the Vendor at a deemed price of $0.035 per Consideration Unit. Each Consideration Unit is comprised of one (1) common share in the capital of TrustBIX ("Common Share") and one (1) Common Share purchase warrant ("Warrant"), whereby each Warrant entitles the holder to purchase one (1) Common Share at a price of $0.08 for a period of two (2) years from the closing date.

All securities issued under the Transaction, including any Common Shares issued upon exercise of the Warrants, are subject to a statutory four-month and one-day hold period in accordance with applicable Canadian securities laws.

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

Forward-Looking Information

This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.

FOR MORE INFORMATION CONTACT:

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

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/275876

FAQ

What did TrustBIX (TBIXF) announce on November 25, 2025?

TrustBIX announced final TSXV acceptance for its purchase of an Indoor Farm Management System (IFMS) asset from Mindsgate.

How did TrustBIX (TBIXF) pay for the IFMS asset?

TrustBIX issued 6,000,000 units as consideration at a deemed price of $0.035 per unit.

What are the warrant terms included in the TrustBIX (TBIXF) transaction?

Each unit included a warrant exercisable for one common share at $0.08 for a period of two years.

What capabilities does the acquired IFMS include for TrustBIX (TBIXF)?

The IFMS is production-ready and includes IoT device management, AI-driven plant recognition, traceability, CRM, order management and training modules.

Are the securities issued in the TrustBIX (TBIXF) transaction restricted?

Yes. All securities issued, and any shares from warrant exercises, are subject to a statutory four-month and one-day hold period.