CAN: Purchaser of Albertan vertical farm receives approval for acquisition

TrustBIX Inc. has received TSX Venture Exchange's final approval for its acquisition of Alberta Food Security Inc.

AFS holds the exclusive Alberta territory license, along with the opportunity to acquire additional North American and international territories from AgriPlay, a vertical farming company.

According to the terms of the definitive agreement, TrustBIX acquired 100% of the issued and outstanding shares of AFS for 25,000,000 common shares of TrustBIX priced at $0.02 per Common Share, subject to a hold period of four months plus one day which shall end on March 1, 2024.

With this news, investors and stakeholders will likely view this as a positive development, as it represents a step forward in TrustBIX's expansion plans and diversification into the food security and vertical farming sectors.