TrustBIX Inc. (TSXV:TBIX) signed a Letter of Intent to acquire Alberta Food Security Inc. from Agriplay Ventures Inc. for CAD 0.5 million on August 13, 2023, and entered into a definitive agreement on August 31, 2023. TrustBIX will acquire 100% of the issued and outstanding shares of AFS. The purchase consideration will be by the issuance of 25 million common shares of the TrustBIX (subject to applicable escrow and resale restrictions and TSX Venture Exchange acceptance).

TrustBIX and AFS have agreed to make their best efforts to negotiate and prepare the Definitive Agreement on or before August 31, 2023. The Transaction is subject to, among other matters, standard due diligence review by TrustBIX, board approvals for the Transaction by each party, execution of assignments and consents to all key agreements, regulatory and exchange approval, and signing of a binding definitive agreement.