Visionstate Corp. (VSSSF, TSXV: VIS) is a technology company focused on smart facility management, IoT devices, AI-driven analytics, and sustainability. The news and updates associated with Visionstate highlight how the company develops and deploys tools such as its WANDA smart device, MIRA inspection platform, TidyLogic AI engine, and WandaLITE (CleanWatch) to address compliance, efficiency, and accountability in public and commercial facilities.
News coverage for Visionstate often features announcements about new customer deployments, pilot projects, and geographic expansion. The company has reported installations in hospitals, airports, shopping centres, long-term care facilities, logistics and trucking operations, and construction companies, as well as international activity including an installation in Australia and a pilot with a U.S.-based facility management company. These updates provide insight into how Visionstate’s technologies are being adopted across sectors and regions.
Investors and observers can also find news about Visionstate’s AI initiatives, including its collaboration with the Alberta Machine Intelligence Institute to develop the TidyLogic optimisation platform, and its focus on compliance-driven tools that support regulations such as Ontario’s Bill 190. Financing developments, such as convertible debenture agreements used to fund global expansion and product development, are another recurring theme in the company’s disclosures.
This news page is useful for tracking Visionstate’s progress in subscription growth, SaaS-based revenue, and expansion of its IoT and AI platforms. Readers can follow updates on new contracts, pilots, regulatory-related deployments, and strategic technology milestones to understand how Visionstate is executing its smart facility management strategy over time.
Visionstate (VSSSF) signed a memorandum of understanding with ELi Technology to explore combining facility-management compliance tools with indoor location intelligence. The 12-month, non-exclusive framework starts with a planned Edmonton proof of concept. Integration and commercialization would require separate agreements. Visionstate sees potential for lower deployment costs and additional revenue through existing customers and distribution channels.
Visionstate also cancelled its August 25, 2026 private placement and plans a replacement raising up to $750,000, subject to TSXV acceptance. It offers up to 37,500,000 units at $0.02, each comprising one common share and one warrant exercisable at $0.05 for 24 months after the applicable closing. Pricing and warrant terms are unchanged. Eligible finders may receive an 8% cash fee on proceeds raised through their introductions.
Visionstate (VSSSF) signed an amendment extending its CleanWatch distribution agreement with Bunzl Canada through December 31, 2027, maintaining its Canadian sales channel.
The agreement provides an ongoing monthly payment in addition to Visionstate's share of CleanWatch subscription revenue. It formally incorporates the CleanWatch brand and updates product pricing schedules. Bunzl's national sales team brings the platform to facility-management customers across Canada.
Visionstate sees opportunities to increase subscription revenue through new installations and additional modules adopted by existing customers. The company plans to support Bunzl's team with demonstrations, targeted follow-up and customer engagement to advance prospective customer opportunities. CleanWatch provides digital tools for documenting cleaning and service activities and managing facility operations.
Visionstate (VSSSF) has signed an exclusive Philippine distribution agreement with Asiatel Outsourcing for its MIRA Compliance Intelligence Platform through Visionstate IoT.
The initial 12-month term is subject to agreed performance milestones. The first planned commercial initiative is a paid 90-day pilot in Ortigas, initially expected to cover cleaning verification, inspections and audits. Visionstate will supply subscriptions to Asiatel at a 25% discount from applicable MIRA list prices; Asiatel will set and bill end-customer prices. There is no minimum purchase commitment, and future revenue depends on accepted orders, successful deployments and subscription renewals. Further Metro Manila opportunities are planned subject to pilot results and customer demand.
Visionstate (TSXV: VIS, OTC: VSSSF) announced a non-brokered private placement of up to 37,500,000 units at $0.02 per unit to raise maximum gross proceeds of $750,000. Each unit includes one common share and one warrant exercisable at $0.05 for 24 months after closing.
According to Visionstate, approximately $400,000 is already allocated to prospective investors, subject to subscription execution, regulatory approval and closing. There is no minimum offering size, and the financing may close in multiple tranches, subject to TSX Venture Exchange approval and a four-month-plus-one-day hold period.
Visionstate plans to use the capital to support international expansion, new distribution relationships and strategic business development for its compliance intelligence and facility management platforms, including its MIRA technology.
Visionstate (OTC: VSSSF; TSXV: VIS) has decided to pause its previously announced non-brokered LIFE-exempt private placement, which had targeted minimum gross proceeds of $500,000 and up to $1,000,000. The company will not proceed with closing the current offering and will instead re-examine the structure, timing and materials for future financing to better align with its business objectives and growth strategy.
According to Visionstate, management remains focused on commercializing its MIRA Compliance Intelligence Platform and expanding recurring SaaS subscription revenue. The company may relaunch a LIFE financing or pursue alternative structures later, subject to market conditions, regulatory requirements, TSX Venture Exchange acceptance and applicable securities laws.
Visionstate (OTCQB: VSSSF) announced a non-brokered LIFE private placement to raise minimum $500,000 and up to $1,000,000. The financing offers up to 50,000,000 units at $0.02, each with half a warrant exercisable at $0.05 for 24 months.
Proceeds will support commercialization and AI development of the MIRA Compliance Intelligence Platform, U.S. expansion, distributor growth, investor relations, customer deployment, and working capital. Units are expected to be freely tradeable in Canada, subject to TSX Venture Exchange approval.
Visionstate (OTC: VSSSF) reported Q2 revenue of $262,114, a 27% year-over-year increase, and six-month revenue of $404,719 versus $353,258 a year earlier. Gross margin was ~72% for the quarter and 79% year-to-date. SG&A declined to $66,921 for the quarter and $129,814 six-month, reflecting cost discipline.
The company highlighted growing adoption of its MIRA compliance platform, SaaS recurring revenue expansion, early U.S. distribution activity with revenue expected in later periods, and ongoing analytics and AI development under its TidyLogic initiative. An investor Coffee Chat is scheduled for May 7, 2026.
Visionstate (VSSSF) added a new Ontario health region covering five hospitals and associated facilities, adding five software licenses and capacity to track ~100 locations per site.
The company also expanded U.S. deployments in New York Class A office towers, adding an anticipated US$10,000 per year ($50,000 term) and CDN$8,000 per year ($40,000 term) for the Ontario contract, increasing its recurring revenue base from 160 licences. Visionstate holds ~40% of Sol Spaces, which reported 2025 revenue ~$142,000, gross profit ~$110,700 and net loss ~$12,000. A shareholder Coffee Chat is scheduled for Thursday, May 7, 20268.
Visionstate (OTC: VSSSF) reported continued subscription growth and expanded MIRA platform deployments, adding 11 new location subscriptions across 12 installations from early February to mid‑March 2026. This generated about $11,000 in quarter revenue and roughly $33,000 of annual license fees.
The company now reports ~145 active annual location subscriptions, pricing at ~$960 per location annually and optional MIRA Inspections at ~$80/month per location. New distributor activity includes U.S. healthcare pilots and a film production studio segment; management reiterates ~400 monthly subscriptions needed to reach operating break‑even.
Visionstate (OTC: VSSSF) repositioned its technology under the MIRA compliance platform and reported subscription growth entering fiscal 2026. As of January 2026 the company reported 110 active rebilling locations and added 35 new location subscriptions in January versus one in January 2025.
MIRA core subscriptions are priced at $960 per location per year; management estimates ~400 active monthly subscriptions are required for operating break-even at current cost structure.