TrustBIX Moves to Acquire Output Provider Solutions to Bolster Agri-Tech Platform

TrustBix ( (TSE:TBIX) ) has provided an update.

TrustBIX Inc. has signed a non-binding letter of intent to acquire 100% of Output Provider Solutions Inc., an Edmonton-based technology services firm that designs and supports connected communications, omnichannel customer experience and business productivity software for clients in Canada, the U.S., the U.K. and Australia. The proposed all-share deal, involving up to 5,000,000 units with attached warrants, is intended to strengthen TrustBIX’s technology platform, expand its capacity to deliver integrated, end-to-end solutions for agricultural producers and supply-chain partners, and accelerate growth, though completion remains subject to due diligence, board and regulatory approvals, and the negotiation of a definitive agreement by late February.

The most recent analyst rating on (TSE:TBIX) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on TrustBix stock, see the TSE:TBIX Stock Forecast page.

Spark’s Take on TSE:TBIX Stock

According to Spark, TipRanks’ AI Analyst, TSE:TBIX is a Neutral.

The score is held down primarily by weak financial performance (declining revenue, persistent losses, negative free cash flow, and negative equity). Technicals also lean bearish with price below key longer-term averages and negative MACD. Valuation provides limited support because the company is loss-making and pays no dividend.

To see Spark’s full report on TSE:TBIX stock, click here.

More about TrustBix

TrustBIX Inc. is an agricultural technology company that provides Gate to Plate solutions aimed at increasing trust, reducing waste and rewarding sustainable practices across the agriculture and agri-food ecosystem. The company focuses on technology platforms that support producers and supply-chain partners with value-added products and services in Canada and internationally.

Average Trading Volume: 34,365

Technical Sentiment Signal: Sell

Current Market Cap: C$2.46M

See more data about TBIX stock on TipRanks’ Stock Analysis page.