TrustBIX Inc. Announces March 31, 2025 Second Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - May 29, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the second quarter ended March 31, 2025, and the related Management's Discussion and Analysis ("MD&A"). For the three and six months ended March 31, 2025, compared to the same periods in 2024, the Company continued to successfully streamline operations and reduce expenses:Three months ended March 31, 2025Net loss and comprehensive loss of $51,411, as compared to $200,982 in 2024, improved...
2025-05-29 9:30 PM EDT
TrustBIX Inc. Announces Stock Option Grant
Edmonton, Alberta--(Newsfile Corp. - April 16, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces that, in accordance with the policies of the TSX Venture Exchange, the Board of Directors has approved a grant of stock options to its directors, officers, employees and consultants to purchase an aggregate of up to 4,120,000 common shares pursuant to its stock option plan ("Options"). The Options have an exercise price of $0.05 per common share and will vest one third...
2025-04-16 5:30 PM EDT
TrustBIX Inc. Announces Commitment to the University Hospital Foundation
Edmonton, Alberta--(Newsfile Corp. - April 9, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce its wholly owned subsidiary, Alberta Food Security Inc. ("AFS"), has committed to supporting the University Hospital Foundation ("The Foundation") through a formal cause marketing agreement and corporate membership to the Foundation's next generation philanthropy program, Igniters. Through this initiative, AFS will donate $1,000 from the proceeds of every indoor farm grow module purchased by participating customers to support the Igniters...
2025-04-09 7:20 AM EDT
TrustBix Inc. Announces December 31, 2024 First Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - February 25, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the first quarter ended December 31, 2024, and the related Management's Discussion and Analysis ("MD&A"). For the three months ended December 31, 2024, compared to the same period in 2023, the Company continued to successfully streamline operations and reduce expenses:Net loss and comprehensive loss of $186,233, as compared to $260,953 in 2023, improved by $74,720 or 28.6%;Cash used...
2025-02-25 7:00 PM EST
TrustBIX Inc. Announces September 30, 2024 Year End Financial Results
Edmonton, Alberta--(Newsfile Corp. - January 27, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the year ended September 30, 2024, and the related Management's Discussion and Analysis ("MD&A"). For the year ended September 30, 2024, compared to 2023, the Company successfully executed its multi-year strategy to streamline operations and reduce expenses:Net loss and comprehensive loss of $710,765, as compared to $3,073,808 in 2023, improved by $2,363,043 or 76.9%;Cash used in operating activities...
2025-01-27 9:55 PM EST
TrustBIX Inc. Announces Closing of Second and Final Tranche of Previously Announced Private Placement
Edmonton, Alberta--(Newsfile Corp. - December 30, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces the closing of the second and final tranche (the "Final Tranche") of its non-brokered private placement (the "Private Placement"), previously announced on November 13, 2024 and December 5, 2024. Under the Final Tranche, the Company issued 1,550,000 common shares of the Company ("Common Shares") at a price of $0.02 per Common Share for gross proceeds of $31,000, subject to final acceptance by the...
2024-12-30 5:30 PM EST
TrustBIX Inc. Announces Conditional Acceptance by the TSX Venture Exchange and Completion of Initial Tranche of Private Placement
Edmonton, Alberta--(Newsfile Corp. - December 5, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces the non-brokered private placement (the "Private Placement"), previously announced on November 13, 2024 for up to 5,000,000 common shares of the Company ("Common Shares") at a price of $0.02 per Common Share for gross proceeds of up to $100,000, has received conditional acceptance by the TSX Venture Exchange (the "Exchange"). TrustBIX has closed on the initial tranche of subscriptions of 2,790,000 Common Shares...
2024-12-05 7:30 PM EST
TrustBIX Inc. Announces Private Placement
Edmonton, Alberta--(Newsfile Corp. - November 13, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 5,000,000 common shares ("Common Shares") at a price of $0.02 per Common Share for gross proceeds of up to $100,000, subject to TSX Venture Exchange (the "Exchange") and other regulatory approvals. The Company intends to use the proceeds from the Private Placement for general working capital.The Common Shares issued pursuant to the...
2024-11-13 7:30 PM EST
TrustBIX Inc. Is Building Relationships to Support Indigenous Communities
Edmonton, Alberta--(Newsfile Corp. - September 24, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") and Métis Settlements Development Corporation ("MSDC") are pleased to announce their commitment to creating a strategic partnership to assess opportunities for fostering food security in rural and remote communities, effective September 19, 2024. The collaboration aims to ensure year-round access to fresh produce, make better use of underutilized spaces, and create entrepreneurship and employment opportunities within these communities.Barbara McKenzie, CEO of MSDC, remarked, "MSDC is...
2024-09-24 7:15 AM EDT
TrustBIX Inc. Welcomes Jason Pincock to Advisory Board
Edmonton, Alberta--(Newsfile Corp. - September 17, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that Mr. Jason Pincock has been appointed to the Company's advisory board.Jason is a Certified Professional Accountant and a graduate of the Queens Executive Program. Jason was the former CEO of DynaLIFE. He is currently the Chief Operating Officer of Logican, an advanced technology manufacturer with clients from defense, energy, healthcare, and contract manufacturing. Jason has been a CEO and Executive...
2024-09-17 7:15 AM EDT
TrustBIX Inc. Announces a $5 Million Purchase Order for Indoor Farming Technology
Edmonton, Alberta--(Newsfile Corp. - September 12, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that its wholly owned subsidiary, Alberta Food Security Inc. ("AFSI"), received a signed purchase order dated September 11, 2024, for $5 million with an arm's length customer to build multiple indoor vertical farms in Ontario, Canada.Pursuant to the purchase order, the Company and the customer will coordinate to establish a delivery schedule. The terms of the agreement require a...
2024-09-12 9:15 AM EDT
TrustBIX Inc. Announces June 30, 2024, Third Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - August 27, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the third quarter ended June 30, 2024, and the related Management's Discussion and Analysis (MD&A)."We are excited to report our first quarter of positive cash flow from operating activities; as a result of our focus on ViewTrak and Alberta Food Security ("AFSI"). In Q3, we signed new customers and converted existing customers to Auction Master Pro. We also received...
2024-08-27 7:15 AM EDT
TrustBIX Inc. Announces March 31, 2024 Second Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - May 27, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the second quarter ended March 31, 2024, and the related Management's Discussion and Analysis (MD&A). "We continue to focus on ViewTrak and Alberta Food Security ("AFSI"). The ViewTrak team has been very busy assisting customers to convert to Auction Master Pro. The AFSI team signed our first orders of indoor farming technology and received the initial deposits. We...
2024-05-27 8:51 PM EDT
TrustBIX Inc. Announces Cancellation of Shares Held in Escrow
Edmonton, Alberta--(Newsfile Corp. - April 25, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces the cancellation of 20,000,000 common shares in the capital of the Company (the "Escrow Shares") effective April 23, 2024. The Escrow Shares were held in escrow and were to be released if certain conditions, pursuant to the acquisition of Insight Global Technology Inc. previously announced on March 7, 2022, were met. The required conditions were not met, resulting in the cancellation of the...
2024-04-25 6:53 PM EDT
TrustBIX Inc. Announces Results of Its Annual General Meeting of Shareholders
Edmonton, Alberta--(Newsfile Corp. - April 22, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce the Company held its Annual General Meeting (the "Meeting") via webcast on April 18, 2024. All matters to be acted upon, as set out in the Company's Notice of Meeting and Management Information Circular dated March 14, 2024, were approved by shareholders at the Meeting.The Company's shareholders voted to:fix the number of directors at five;elect Hubert Lau, Edward (Ted) Power, Lap Shing...
2024-04-22 7:32 PM EDT
TrustBIX Inc. Announces First Orders for Indoor Farming Technology
Edmonton, Alberta--(Newsfile Corp. - April 15, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce it has signed its first orders, through it wholly owned subsidiary Alberta Food Security Inc. ("AFS"), and between January and March 2024 received the initial deposits, for sales of indoor farming technology totaling approximately $650,000 of which it expects to earn a gross margin of approximately 25%. Once each indoor farm is fully operational, there will also be an...
2024-04-15 7:30 AM EDT
TrustBIX Inc. Announces Exclusive International Territory Reseller Agreement with AgriPlay
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...
2024-03-21 9:15 AM EDT
TrustBIX Inc. Announces December 31, 2023 First Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - February 27, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the first quarter ended December 31, 2023, and the related Management's Discussion and Analysis (MD&A). For the three months ended December 31, 2023, compared to 2022, the Company posted:"I consider Q1 2024 to be a turning point for TrustBIX. We completed the strategic review and implementation of operational changes which has allowed us to focus on our ViewTrak and...
2024-02-27 5:37 PM EST
TrustBIX Inc. Announces Closing of Private Placement
Edmonton, Alberta--(Newsfile Corp. - February 1, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") is pleased to announce that further to the Company's news releases dated December 18, 2023 and January 24, 2024, the Company has closed on its non-brokered private placement (the "Private Placement"). Pursuant to the Private Placement the Company issued 6,500,000 common shares ("Common Shares") at a price of $0.01 per Common Share for gross proceeds of $65,000. TrustBIX Inc. conducted the Private Placement...
2024-02-01 7:15 PM EST
TrustBIX Inc. Announces September 30, 2023 Year End Financial Results
Edmonton, Alberta--(Newsfile Corp. - January 26, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announced today financial results for the year ended September 30, 2023, and the related Management's Discussion and Analysis ("MD&A"). For the year ended September 30, 2023, compared to 2022, the Company posted:Revenue of $2,128,401, up $453,296 or 27.1%;Operating expenses of $4,435,699, down $1,205,684 or 21.4%;Non-cash operating expenses related to stock-based compensation to incentivize our team and amortization and depreciation expense, decreased to $861,361,...
2024-01-26 11:00 PM EST