Feb 28, 2024
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TrustBIX Inc. Announces Exclusive International Territory Reseller Agreement with AgriPlay
March 21, 2024 9:15 AM EDT | Source: TrustBIX Inc.
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 managers globally. The Agreement has a duration of 10 years and is subject to certain performance conditions.
"This agreement serves to strengthen our partnership between our Company and AgriPlay as we grow globally together," stated Hubert Lau, CEO of TrustBIX.
"Together, we are leveraging AgriPlay's indoor farming technology and TrustBIX's deep global relationships to strengthen the aligned direction of both organizations," stated Adam Morand, CEO of AgriPlay. "We are confident with TrustBIX's strong global relationships in the food and sustainability industry, it will strengthen our ability to provide customers with exceptional service, support, and continue to grow our client base globally."
About AgriPlay Ventures Inc.
Agriplay Ventures Inc. of Calgary, Alberta is an elevated, urban farming company that works with community stakeholders in commercial real estate markets to dramatically improve asset value through the conversion and operation of elevated urban farming facilities. Using proprietary technology, Agriplay uses advanced automation, machine learning, and artificial intelligence to leverage, augment, and transition local labour to service local demands for food.
About TrustBIX (TSXV: TBIX)
TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.
Forward-Looking Information
This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.
FOR MORE INFORMATION CONTACT:
Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/202423