TrustBIX Inc. Acquires Indoor Farm Management System and Announces Leadership Changes

Key Takeaways

  • TrustBIX Inc. has signed an agreement to acquire an Indoor Farm Management System from Mindsgate Ltd.
  • The deal involves issuing 6,000,000 units, including shares and warrants, once certain conditions are met.
  • Adam Morand has resigned as Chief Technology Officer and board member, effective immediately.

Acquisition of Indoor Farming Technology

TrustBIX Inc. (TSXV:TBIX) has announced an asset purchase agreement with Mindsgate Ltd. to acquire an Indoor Farm Management System (IFMS). This transaction, dated October 3, 2025, aims to expand TrustBIX’s offerings in indoor farming technology, providing a comprehensive solution for businesses in the sector. The IFMS includes various modules, such as farm operations management, IoT device management, AI-driven plant recognition, traceability, client relationship management (CRM), operator training, order management, and resource tracking—essentially creating an Enterprise Resource Planning (ERP) solution tailored for indoor farms.

According to the agreement, TrustBIX will issue 6,000,000 units as consideration, which includes common shares and warrants. Each unit consists of one common share and one warrant, allowing the holder to purchase an additional common share at a set price of $0.08 over the next two years. All issued securities will be subject to a statutory hold period of four months and one day, in line with Canadian securities law. The transaction is contingent upon obtaining necessary consents and regulatory approvals, including that from the TSX Venture Exchange (TSXV).

In another development, TrustBIX announced a change in its leadership, as Adam Morand has stepped down as Chief Technology Officer and board member, effective immediately. The company has expressed gratitude for his contributions.

TrustBIX is dedicated to enhancing food production through sustainable agricultural technology solutions. Its Gate to Plate® vision aims for a world that fosters trust, reduces waste, and rewards sustainable practices within the agri-food sector. The company emphasizes its commitment to developing tools that are reliable and beneficial for both local and international organizations.

Investors and industry stakeholders are reminded that the information presented may contain forward-looking statements that involve risks and uncertainties affecting actual results. TrustBIX does not commit to updating forward-looking projections unless mandated by securities regulations.

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