TrustBIX Inc. received approval from the TSX Venture Exchange to complete its acquisition of Alberta Food Security Inc. (AFS). AFS holds a license for the Alberta territory and has the opportunity to acquire more territories from AgriPlay, a company specializing in indoor farming. This acquisition will allow TrustBIX to use AgriPlay's technology and promote sustainable agriculture practices with full traceability from farm to plate.
As part of the deal, TrustBIX will exchange 25,000,000 common shares, each valued at $0.02, for 100% of AFS's outstanding shares. These common shares will have a hold period of four months plus one day, ending on March 1, 2024.
Hubert Lau, CEO of TrustBIX, expressed enthusiasm about the collaboration, emphasizing the synergies between the two teams and their commitment to enhancing shareholder value.
Adam Morand, President of AFS, shared his excitement about creating value for TrustBIX shareholders, aligning their objectives, and contributing to the growth of TBIX in the agri-food sector.
For more information:
Alberta Food Security Inc.