Mr. Hubert Lau reports
TRUSTBIX INC. RECEIVES FINAL EXCHANGE ACCEPTANCE FOR PURCHASE OF INDOOR FARM MANAGEMENT SYSTEM ASSET
Further to the press releases dated Oct. 3, 2025, and Nov. 7, 2025, Trustbix Inc. has received final acceptance from the TSX Venture Exchange for the acquisition of an indoor farm management system asset from Mindsgate Ltd.
The IFMS is a fully integrated, production-ready platform featuring modules for farm operations, Internet of Things device management, artificial-intelligence-driven plant recognition, traceability, client relationship management, operator training, order management and resource tracking. Together, these capabilities form an enterprise resource planning grade solution tailored to indoor farming.
Pursuant to the terms of the asset purchase agreement, Trustbix acquired the IFMS asset in exchange for issuing six million units to the vendor at a deemed price of 3.5 cents per consideration unit. Each consideration unit is composed of one common share in the capital of Trustbix and one common share purchase warrant, whereby each warrant entitles the holder to purchase one common share at a price of eight cents for a period of two 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 Inc.
Trustbix is an agricultural technology company providing gate to plate solutions to create a world where there is more trust more and less waste and sustainable practices are rewarded. Its award-winning technologies offer practical tools trusted by local and international agrifood organizations.
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