Trustbix Stock Price, News & Analysis

TrustBIX Inc. (TBIXF) is an agricultural technology company that focuses on digital solutions for the agri-food sector. Described in its disclosures as providing Gate to Plate® solutions, TrustBIX aims to support a world "where we trust more, waste less, and reward sustainable practices." The company’s technologies are presented as practical tools used by agri-food organizations in different markets.

TrustBIX is listed on the TSX Venture Exchange under the symbol TBIX and is associated with the software publishers industry in the information sector. Its activities center on developing and licensing software platforms that connect agriculture and food production stakeholders, with an emphasis on traceability, sustainability, and operational efficiency across the value chain.

Business focus and technology platforms

According to multiple company announcements, TrustBIX develops agricultural technology platforms under the Gate to Plate® concept. The company states that its technologies are trusted by local and international agri-food organizations, reflecting a focus on digital tools that can be adopted across different parts of the food system.

A key development for TrustBIX is its acquisition of an Indoor Farm Management System (IFMS) asset from Mindsgate Ltd. The company describes the IFMS as a fully integrated, production-ready platform that includes modules for:

• Farm operations
• Internet of Things (IoT) device management
• AI-driven plant recognition
• Traceability
• Client relationship management (CRM)
• Operator training
• Order management
• Resource tracking

TrustBIX characterizes these capabilities as forming an Enterprise Resource Planning (ERP) grade solution tailored to indoor farming. This positions the IFMS as a central component of the company’s technology offering for controlled-environment agriculture and related operations.

Gate to Plate® and G2P platform direction

In its communications, TrustBIX links the IFMS to a broader technology framework called the TrustBIX Gate to Plate® platform (G2P). The company indicates that the G2P platform is designed to deliver scalable digital solutions across agriculture and food production. Within this framework, the IFMS is expected to be integrated with other software capabilities, including a modern livestock auction market solution under development.

TrustBIX has explained that it is shifting its technology development and service delivery model. It has identified challenges in its existing Auction Master Pro (AMP) business, including long development cycles and slower than expected revenue growth. In response, the company is transitioning away from the AMP software and direct installation and support services, and is emphasizing a model that focuses on developing and licensing technology through strategic partners.

This evolution separates solution development from service delivery, with TrustBIX indicating that this approach is intended to allow each function to scale independently. The company also notes that it is targeting software-as-a-service (SaaS) revenue as part of this transition, aligning its business model more closely with recurring software licensing and platform-based income.

Indoor farming and livestock auction solutions

The IFMS acquisition is central to TrustBIX’s indoor farming strategy. The company believes that this transaction will enhance its ability to provide an indoor farming technology solution to businesses and operators in that sector. By combining modules for IoT management, AI-driven plant recognition, traceability, and resource tracking, the IFMS is intended to support operational oversight and data-driven decision-making for indoor farm environments.

In parallel, TrustBIX has initiated the development of a modern livestock auction market software solution. The company has stated that this new solution is expected to be integrated with the IFMS within the unified G2P framework. This suggests a focus on connecting different parts of the agricultural value chain, from production environments such as indoor farms to livestock auction markets, under a shared technology architecture.

Strategic realignment and AMP transition

As part of its strategic realignment, TrustBIX, through its wholly owned subsidiary ViewTrak Technologies Inc., has entered into an agreement to assign and transfer its AMP support contracts to Cristel Baber DBA I.T. Group. Under this agreement, I.T. Group assumes customer support and maintenance responsibilities for AMP customers. TrustBIX indicates that this arrangement is intended to ensure continuity of service for existing AMP customers while allowing the company to concentrate on building its next generation of agricultural technology.

The company has disclosed that recurring and one-time revenue from AMP, including support contracts, represented a material revenue contribution in recent fiscal years. However, TrustBIX has indicated that it expects to offset reduced AMP-related revenue through sales of its indoor farming technology, supported by previously announced purchase orders and contracts. Revenue from those contracts is described as being recognized upon product delivery.

Capital markets activity and corporate governance

TrustBIX has engaged in several capital markets and corporate governance actions. It has announced non-brokered private placements involving units comprised of common shares and common share purchase warrants, with proceeds intended for general working capital purposes, including funding the acquisition of inventory at scale to support ongoing operations. These placements are subject to TSX Venture Exchange acceptance and applicable securities law hold periods.

The company has also reported stock option grants to directors, officers, employees, and consultants under its stock option plan. These options have defined exercise prices, vesting schedules, and expiry terms, aligning with typical equity-based incentive structures for publicly traded companies.

On the governance side, TrustBIX has disclosed changes to its Board of Directors, including the appointment of a new Chair of the Board and a new Chair of the Audit Committee. The company has also reported the results of its annual general meeting of shareholders, including the election of directors and the re-appointment of its auditors. These disclosures provide insight into the company’s oversight and governance framework.

Purpose and positioning in agri-food technology

Across its announcements, TrustBIX consistently presents itself as an agricultural technology company focused on food security, domestic food production, and sustainable agriculture systems. The Gate to Plate® branding and emphasis on traceability and rewarding sustainable practices reflect a positioning that connects producers, supply chain participants, and buyers through digital tools.

By concentrating on indoor farming technology, livestock auction market software, and traceability-oriented platforms, TrustBIX is aligning its software development with specific operational needs in agriculture and food production. Its stated approach of working with strategic partners for service delivery, while retaining focus on technology development and licensing, is intended to support scalability and specialization within its business model.

FAQs about TrustBIX Inc.

• What does TrustBIX Inc. do?
  

  TrustBIX Inc. is an agricultural technology company that develops and licenses digital platforms under its Gate to Plate® concept. Its solutions are aimed at supporting trust, reducing waste, and rewarding sustainable practices in the agri-food sector.

• What is the Gate to Plate® platform?
  

  The Gate to Plate® platform, also referred to as G2P, is described by TrustBIX as a unified technology framework designed to deliver scalable digital solutions across agriculture and food production. It is expected to integrate tools such as indoor farm management and livestock auction market software.

• What is the Indoor Farm Management System (IFMS)?
  

  The Indoor Farm Management System (IFMS) is a production-ready platform acquired by TrustBIX from Mindsgate Ltd. It includes modules for farm operations, IoT device management, AI-driven plant recognition, traceability, CRM, operator training, order management, and resource tracking, forming an ERP-grade solution for indoor farming.

• How is TrustBIX changing its Auction Master Pro (AMP) business?
  

  TrustBIX has identified challenges in its AMP business and is transitioning away from AMP software and direct installation and support services. Through its subsidiary, it has agreed to assign and transfer AMP support contracts to I.T. Group, which will handle customer support and maintenance.

• What is TrustBIX’s revenue focus going forward?
  

  TrustBIX has indicated that it is focusing on developing and licensing technology through strategic partners and targeting software-as-a-service (SaaS) revenue. The company expects sales of its indoor farming technology, supported by existing purchase orders and contracts, to play a key role in its revenue mix.

• On which exchange does TrustBIX trade and under what symbol?
  

  TrustBIX trades on the TSX Venture Exchange under the symbol TBIX. The Stock Titan symbol TBIXF reflects its listing for investors accessing the company through that ticker.

• What sector and industry is TrustBIX associated with?
  

  TrustBIX is associated with the information sector and the software publishers industry. Its activities are centered on software platforms and digital tools for agriculture and food production.

• How does TrustBIX address sustainability in agriculture?
  

  TrustBIX states that its Gate to Plate® solutions are designed to create a world where stakeholders trust more, waste less, and reward sustainable practices. Its technologies, including traceability and resource tracking modules, are positioned to support sustainable agriculture systems.