Trustbix to acquire indoor farm management system

Executive Summary

• Trustbix Inc. entered into an asset purchase agreement to acquire an indoor farm management system (IFMS) from Mindsgate Ltd., issuing six million units consisting of common shares and warrants as consideration.
• The transaction provides Trustbix with a fully integrated ERP‑grade platform for indoor farming, enhancing its product offering.
• Concurrent board and executive change: CTO and director Adam Morand resigned effective the same date.

Key Details

• Asset: Indoor Farm Management System (IFMS) – includes IoT device management, AI plant recognition, traceability, CRM, operator training, order management, and resource tracking modules.
• Consideration: 6 million units; each unit = 1 common share of Trustbix + 1 warrant to purchase an additional share at $0.08 per share for two years from closing.
• Hold Period: All issued securities (shares and any exercised warrants) subject to a statutory four‑month‑and‑one‑day hold period under Canadian securities law.
• Closing Conditions: Subject to receipt of all required consents, orders, regulatory approvals (including TSX Venture Exchange), and customary closing conditions.
• Finder’s Fees: None expected.
• Board/Management Change: Adam Morand resigned as director and Chief Technology Officer effective Oct. 3, 2025; the company thanked him for his contributions.

Notable Quotes

(No direct quotes were provided in the release.)