TrustBIX Inc. Announces a $5 Million Purchase Order for Indoor Farming Technology
Edmonton, Alberta--(Newsfile Corp. - September 12, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that its wholly owned subsidiary, Alberta Food Security Inc. ("AFSI"), received a signed purchase order dated September 11, 2024, for $5 million with an arm's length customer to build multiple indoor vertical farms in Ontario, Canada.Pursuant to the purchase order, the Company and the customer will coordinate to establish a delivery schedule. The terms of...
2024-09-12 9:15 AM EDT
TrustBIX Inc. Announces June 30, 2024, Third Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - August 27, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the third quarter ended June 30, 2024, and the related Management's Discussion and Analysis (MD&A)."We are excited to report our first quarter of positive cash flow from operating activities; as a result of our focus on ViewTrak and Alberta Food Security ("AFSI"). In Q3, we signed new customers and converted existing customers to Auction Master...
2024-08-27 7:15 AM EDT
TrustBIX Inc. Announces March 31, 2024 Second Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - May 27, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the second quarter ended March 31, 2024, and the related Management's Discussion and Analysis (MD&A). "We continue to focus on ViewTrak and Alberta Food Security ("AFSI"). The ViewTrak team has been very busy assisting customers to convert to Auction Master Pro. The AFSI team signed our first orders of indoor farming technology and received the...
2024-05-27 8:51 PM EDT
TrustBIX Inc. Announces Cancellation of Shares Held in Escrow
Edmonton, Alberta--(Newsfile Corp. - April 25, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces the cancellation of 20,000,000 common shares in the capital of the Company (the "Escrow Shares") effective April 23, 2024. The Escrow Shares were held in escrow and were to be released if certain conditions, pursuant to the acquisition of Insight Global Technology Inc. previously announced on March 7, 2022, were met. The required conditions were not met, resulting in the...
2024-04-25 6:53 PM EDT
TrustBIX Inc. Announces Results of Its Annual General Meeting of Shareholders
Edmonton, Alberta--(Newsfile Corp. - April 22, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce the Company held its Annual General Meeting (the "Meeting") via webcast on April 18, 2024. All matters to be acted upon, as set out in the Company's Notice of Meeting and Management Information Circular dated March 14, 2024, were approved by shareholders at the Meeting.The Company's shareholders voted to:fix the number of directors at five;elect Hubert Lau,...
2024-04-22 7:32 PM EDT
TrustBIX Inc. Announces First Orders for Indoor Farming Technology
Edmonton, Alberta--(Newsfile Corp. - April 15, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce it has signed its first orders, through it wholly owned subsidiary Alberta Food Security Inc. ("AFS"), and between January and March 2024 received the initial deposits, for sales of indoor farming technology totaling approximately $650,000 of which it expects to earn a gross margin of approximately 25%. Once each indoor farm is fully operational, there will...
2024-04-15 7:30 AM EDT
TrustBIX Inc. Announces Exclusive International Territory Reseller Agreement with AgriPlay
Edmonton, Alberta--(Newsfile Corp. - March 21, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce the signing of an exclusive international territory reseller agreement (the "Agreement"), effective March 19, 2024, between Alberta Food Security Inc. ("AFS"), a wholly owned subsidiary of TrustBIX, and AgriPlay Ventures Inc. ("AgriPlay"). The Agreement allows AFS to resell exclusive territorial licenses for AgriPlay's indoor farming technology to territory...
2024-03-21 9:15 AM EDT
TrustBIX Inc. Announces December 31, 2023 First Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - February 27, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the first quarter ended December 31, 2023, and the related Management's Discussion and Analysis (MD&A). For the three months ended December 31, 2023, compared to 2022, the Company posted:"I consider Q1 2024 to be a turning point for TrustBIX. We completed the strategic review and implementation of operational changes which has allowed us to...
2024-02-27 5:37 PM EST
TrustBIX Inc. Announces Closing of Private Placement
Edmonton, Alberta--(Newsfile Corp. - February 1, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that further to the Company's news releases dated December 18, 2023 and January 24, 2024, the Company has closed on its non-brokered private placement (the "Private Placement"). Pursuant to the Private Placement the Company issued 6,500,000 common shares ("Common Shares") at a price of $0.01 per Common Share for gross proceeds of $65,000. TrustBIX Inc....
2024-02-01 7:15 PM EST
TrustBIX Inc. Announces September 30, 2023 Year End Financial Results
Edmonton, Alberta--(Newsfile Corp. - January 26, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the year ended September 30, 2023, and the related Management's Discussion and Analysis ("MD&A"). For the year ended September 30, 2023, compared to 2022, the Company posted:Revenue of $2,128,401, up $453,296 or 27.1%;Operating expenses of $4,435,699, down $1,205,684 or 21.4%;Non-cash operating expenses related to stock-based compensation to...
2024-01-26 11:00 PM EST
TrustBIX Inc. Announces Stock Option Grant
Edmonton, Alberta--(Newsfile Corp. - January 9, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces that, in accordance with the policies of the TSX Venture Exchange, the Board of Directors has approved a grant of stock options to its directors, officers, employees and consultants to purchase an aggregate of up to 8,400,000 common shares pursuant to its stock option plan ("Options"). The Options have an exercise price of $0.01 per common share and will vest one third on...
2024-01-09 5:30 PM EST
TrustBIX Inc. Announces Strategic Changes to Product Portfolio and Extension and Amendment to Previously Issued Convertible Debenture
Edmonton, Alberta--(Newsfile Corp. - December 29, 2023) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces a strategic shift in its product portfolio whereby the Company will initiate a planned transition to gradually phase out its ViewTrak Market Master ("MM") and Dealer Master ("DM") software programs and an extension and amendment to its convertible debenture.Strategic changes to product portfolioThe MM and DM programs represented approximately 19% and 23% of total...
2023-12-29 7:14 PM EST
TrustBIX Inc. Announces Closing of Second and Final Tranche of Previously Announced Private Placement and Announces Private Placement
Edmonton, Alberta--(Newsfile Corp. - December 18, 2023) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that further to the Company's news releases dated August 14, 2023 and October 16, 2023, the Company has closed on the second and final tranche (the "Final Tranche") of its non-brokered private placement (the "Private Placement"). Under the Final Tranche, the Company issued 1,300,000 units ("Units") at a price of $0.02 per Unit for gross proceeds of $26,000....
2023-12-18 7:45 PM EST
TrustBIX Inc. Announces Changes to Executive Team and Board of Directors
Edmonton, Alberta--(Newsfile Corp. - November 14, 2023) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces the following changes to the executive team and the Board of Directors of the Company. Mr. Adam Morand has joined the Company's Board of Directors and been appointed as the Chief Technology Officer. Mr. Morand has also been appointed as the President of Alberta Food Security Inc. ("AFS"), a wholly owned subsidiary of TrustBIX. He will partner with other senior leaders...
2023-11-14 9:00 AM EST
TrustBIX Inc. Receives Final Exchange Acceptance of Acquisition of Alberta Food Security Inc.
Edmonton, Alberta--(Newsfile Corp. - November 13, 2023) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that further to its press releases dated August 14, 2023, August 31, 2023, and October 31, 2023, the Company has received TSX Venture Exchange ("TSXV") final acceptance for the acquisition of Alberta Food Security Inc. ("AFS").AFS holds the exclusive Alberta territory license, along with opportunity to acquire additional North American and international...
2023-11-13 9:00 AM EST
TrustBIX Inc. Receives Exchange Conditional Acceptance and Completes the Acquisition of Alberta Food Security Inc.
Edmonton, Alberta--(Newsfile Corp. - October 31, 2023) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that further to its press releases dated August 14, 2023 and August 31, 2023, the Company has received TSX Venture Exchange conditional acceptance and satisfied the remaining closing conditions to complete the acquisition of Alberta Food Security Inc. ("AFS"). AFS holds the exclusive Alberta territory license, along with opportunity to acquire additional...
2023-10-31 5:30 PM EDT
TrustBIX Inc. Announces Conditional Acceptance by the TSX Venture Exchange, Completion of Initial Tranche and Extension of Private Placement
Edmonton, Alberta--(Newsfile Corp. - October 16, 2023) - TrustBIX Inc. (TSXV:TBIX) (OTCQB: TBIXF) ("TrustBIX" or the "Company") announces the non-brokered private placement ("Private Placement"), previously announced on August 14, 2023 for up to 5,000,000 Units of the Company at a price of $0.02 per Unit for gross proceeds of up to $100,000, has received conditional acceptance by the TSX Venture Exchange (the "Exchange"). TrustBIX has closed on the initial tranche of subscriptions of...
2023-10-16 6:00 PM EDT
TrustBIX Inc. Announces Collaboration with CarbonGraph Inc.
Edmonton, Alberta--(Newsfile Corp. - September 7, 2023) - TrustBIX Inc. (TSXV: TBIX) (OTCQB: TBIXF) ("TrustBIX" or the "Company") is very pleased to announce a strategic collaboration with CarbonGraph Inc. ("CarbonGraph"). The carbon footprint and traceability of food production, and other goods and services, can help deliver environmental accountability and transparency. By combining CarbonGraph's carbon management software and expertise in calculating carbon emissions with TrustBIX's...
2023-09-07 9:15 AM EDT
TrustBIX Inc. Announces Signing of Definitive Agreement to Acquire 100% of Alberta Food Security Inc.
Edmonton, Alberta--(Newsfile Corp. - August 31, 2023) - TrustBIX Inc. (TSXV: TBIX) (OTCQB: TBIXF) ("TrustBIX" or the "Company") is very pleased to announce that, further to its press release dated August 14, 2023, the Company, on August 31, 2023, entered into a definitive agreement to acquire Alberta Food Security Inc. ("AFS"), a company which holds the exclusive Alberta territory license, along with the opportunity to acquire additional North American and international territories, from...
2023-08-31 5:30 PM EDT
TrustBIX Inc. Announces June 30, 2023 Third Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - August 22, 2023) - TrustBIX Inc. (TSXV: TBIX) (OTCQB: TBIXF) ("TrustBIX" or the "Company") announced today financial results for the third quarter ended June 30, 2023, and the related Management's Discussion and Analysis (MD&A).For the three months ended June 30, 2023, compared to 2022, the Company posted:Revenue of $432,910, up $42,414 or 10.9%;Operating expenses of $952,502, down $701,946 or 42.4%;Non-cash operating expenses related to stock-based...
2023-08-22 6:15 PM EDT