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M&A / Property

TrustBIX Inc. Receives Final Exchange Acceptance for Purchase of Indoor Farm Management System Asset

By The Northwire Desk — AI Analysis Nov 25, 2025 · 18:01 TBIX · 0.025 Trustbix Inc.
TBIX · Price

Executive Summary

  • TrustBIX received final TSX‑V acceptance for the acquisition of an Indoor Farm Management System (“IFMS”) from Mindsgate Ltd.
  • Consideration: issuance of 6,000,000 units at a deemed price of $0.035 per unit (each unit = 1 common share + 1 warrant).
  • Warrants allow purchase of additional shares at $0.08 for two years; all securities are subject to a statutory four‑month‑plus‑one‑day hold period.

Key Details

  • Transaction Structure: Asset purchase agreement; TrustBIX acquires the IFMS asset in exchange for 6,000,000 consideration units.
  • Consideration Units Price: Deemed price of $0.035 per unit → aggregate implied value of $210,000 (6 M × $0.035).
  • Unit Composition: Each unit consists of one common share and one common‑share purchase warrant.
  • Warrant Terms: Right to buy one additional common share at $0.08 per share; exercisable for two years from closing date.
  • Hold Period: All issued securities (common shares and any exercised warrants) are subject to a statutory four‑month‑and‑one‑day hold period under Canadian securities law.
  • Asset Description: Fully integrated indoor farm management platform with modules for IoT device management, AI plant recognition, traceability, CRM, operator training, order management, and resource tracking – an ERP‑grade solution for indoor farming operations.
  • Regulatory Approval: Final acceptance received from the TSX Venture Exchange, confirming compliance with exchange listing requirements.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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