TrustBix, Inc. (TSE:TBIX) has released an update.
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TrustBIX Inc. has secured a significant $5 million deal through its subsidiary Alberta Food Security Inc. to construct multiple indoor vertical farms in Ontario, Canada, boosting its position in the controlled indoor agriculture sector. The contract stipulates a 50% deposit before delivery and the balance within 30 days post-delivery, with the company expecting a 15% gross margin. TrustBIX will also receive an ongoing annual fee for AI and machine learning-powered automation and monitoring services once the farms are operational.
For further insights into TSE:TBIX stock, check out TipRanks’ Stock Analysis page.