TrustBIX Inc. Enters into Agreement to Purchase Indoor Farm Management System Asset and Announces Board and Management Change

Executive Summary

• TrustBIX Inc. signed an asset purchase agreement to acquire the Indoor Farm Management System (IFMS) from Mindsgate Ltd., issuing 6,000,000 units consisting of common shares and warrants as consideration.
• The transaction provides TrustBIX with a fully integrated ERP‑grade indoor farming platform covering IoT, AI plant recognition, traceability, CRM, training, order management, and resource tracking.
• Concurrently, CTO and board member Adam Morand resigned effective the same date.

Key Details

• Transaction Structure: Acquisition of IFMS asset; consideration is 6,000,000 units (each unit = 1 common share + 1 warrant).
• Warrant Terms: Each warrant allows purchase of one additional common share at $0.08 for a two‑year period from closing.
• Regulatory Conditions: Closing subject to customary conditions, including TSX Venture Exchange approval and applicable securities law hold periods (four months + one day).
• No Finder’s Fee: The parties do not anticipate any finder’s fee payable in connection with the transaction.
• Board Change: Adam Morand resigned from both the Board of Directors and his role as Chief Technology Officer, effective October 3, 2025.

Notable Quotes

(None provided in the release)