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TrustBIX Inc. Enters into Agreement to Purchase Indoor Farm Management System Asset and Announces Board and Management Change
Newsfileยท 2025-10-03 13:15
Core Viewpoint - TrustBIX Inc. has entered into an agreement to acquire an Indoor Farm Management System asset from Mindsgate Ltd., which is expected to enhance its indoor farming technology solutions [2][3]. Group 1: Proposed Transaction - The acquisition involves TrustBIX purchasing the Indoor Farm Management System (IFMS) asset in exchange for issuing 6,000,000 units, each consisting of one common share and one warrant [4]. - Each warrant allows the holder to purchase one common share at a price of $0.08 for two years from the closing date [4]. - The transaction is subject to various conditions, including obtaining necessary consents and regulatory approvals, particularly from the TSX Venture Exchange [5]. Group 2: Board and Management Change - Mr. Adam Morand has resigned from his position on the Board of Directors and as Chief Technology Officer, effective October 3, 2025 [6].