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Visionstate Corporation (Technology & AI) – TSXV: VIS – OTCQB: VSSSF

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Visionstate Corp. Announces Conditional Approval of Previously Announced Private Placement

Edmonton, Alberta, July 2, 2024 – TheNewswire - Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of smart facility management technology, is pleased to announce the receipt of conditional acceptance from the TSX Venture Exchange on the offering ("Offering") of up to 25,000,000 units of the Company (“Units”) at a price of $0.02 per Unit for gross proceeds of up to $500,000 as previously announced on June 19, 2024. Each Unit is comprised of one (1) common share of Visionstate (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”) whereby each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.05 per Common Share for a period of two (2) years following the date of closing.

If the closing price of the Common Shares is equal to or exceeds $0.07 per Common Share for greater than twenty (20) consecutive trading days, then the warrant term shall automatically accelerate to a date that is thirty (30) calendar days following the date a press release is issued by the Company announcing the reduced warrant terms, without further notification made by the Company.

Visionstate has closed on the initial tranche of subscriptions of 9,515,000 Units at a price of $0.02 per Unit for gross proceeds of $190,300, which includes 2,425,000 Units issued to certain insiders of Visionstate.

The issuance of Units to insiders pursuant to the Offering will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

The net proceeds from the sale of units will be primarily allocated towards the development and commercialization of new products designed to enhance the Company's IoT solutions and expand its market reach. Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.

Pursuant to applicable Canadian securities laws, the Common Shares and Warrants comprising the Units are subject to a four-month hold period from the time of closing of the Offering.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly-owned subsidiary of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact, and transform consumer experiences.

Issued on behalf of the Board of Directors,



“John A. Putters”

Visionstate Corp.



To learn more, please contact:



Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460



CHF Capital Markets

Kathy Chapman

Email: kc@chfir.com

Tel: 416-868-1079 x 234
 
Visionstate closes second tranche of private placement



2024-08-26 14:26 ET - News Release

Mr. John Putters reports

VISIONSTATE CORP. ANNOUNCES CLOSING OF FULLY SUBSCRIBED FINANCING

Visionstate Corp. has closed its previously announced non-brokered private placement of $500,000. The company closed proceeds of $310,000, subsequent to closing approximately $190,000 announced by the company on July 2, 2024.

Pending final acceptance from the TSX Venture Exchange on the offering, the company will issue 25 million units of the company at a price of two cents per unit for gross proceeds of $500,000 as previously announced on June 19, 2024. Each unit comprised one common share of Visionstate and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share at a price of five cents per common share for a period of two years following the date of closing.

If the closing price of the common shares is equal to or exceeds seven cents per common share for greater than 20 consecutive trading days, then the warrant term shall automatically accelerate to a date that is 30 calendar days following the date a press release is issued by the company announcing the reduced warrant terms, without further notification made by the company.

Visionstate has closed on the initial tranche of subscriptions of 9,515,000 units at a price of two cents per unit for gross proceeds of $190,300, which includes 2,425,000 units issued to certain insiders of Visionstate.

The issuance of units to insiders pursuant to the offering will constitute a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in Section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in Section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2.5-million and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

The net proceeds from the sale of units will be primarily allocated toward the development and commercialization of new products designed to enhance the company's IoT (Internet of Things) solutions and expand its market reach. Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.

Pursuant to applicable Canadian securities laws, the common shares and warrants comprising the units are subject to a four-month hold period from the time of closing of the offering.

About Visionstate Corp.

Visionstate is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned subsidiary of Visionstate.

Through Visionstate IoT, Visionstate helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate will continue to innovate, reduce environmental impact and transform consumer experiences.

We seek Safe Harbor.
 
Edmonton, Alberta – TheNewswire - August 29, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of Internet of Things (IoT) solutions, today announced a non-brokered private placement of up to $600,000. The financing will consist of one unit at $0.025 (two and a half cents) per unit (“Unit”) which is comprised of one (1) common share {“Share”} and one (1) whole warrant (“Warrant”) which is exercisable at $0.05 (five cents) per Warrant to receive one (1) Share for a term of 5 years after closing, subject to an acceleration clause as noted below.

The price per Unit is based on the previous closing price of the Company's Shares on the TSXV on Wednesday, August 28, 2024. The Company intends to issue up to 24 million Shares and correspondingly up to 24 million Warrants for this Unit financing round which is subject to TSXV and regulatory approval, and customary closing conditions.

In the event of acceleration, the expiry date of the Warrant will be accelerated to a date that is thirty (30) days after the date that written notice has been given to the Warrant holder or the date that Visionstate has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided nor required by Visionstate to the subscribers of the Units. The securities issued under this placement are subject to a four-month plus one day hold period from the date of closing.

“As Visionstate continues to grow and innovate, we remain committed to prudent financial management,” said Company CEO John Putters. “Our recent capital raise represents a strategic milestone, positioning us for success as we continue to develop our technology and market it worldwide.”

“Our recent financing round not only strengthens our financial position but also accommodates shareholders who were unable to participate in the fully subscribed previous round. We’re committed to inclusivity and appreciate the continued support from our investor community,” he added.

Proceeds from the placement will be primarily allocated towards the development and commercialization of new products designed to enhance the Company's IoT solutions and expand its market reach. This includes participating in the ISSA 2024 “Beyond Clean” conference in Las Vegas in November 2024. Visionstate Corp. remains committed to delivering cutting-edge technology solutions that drive operational efficiencies and improve customer experiences across various industries.

The issuance of Units to insiders pursuant to the Placement will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Placement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its devices that track and monitor guest activities and sanitation requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.

To learn more, please contact:

Visionstate IoT Inc.
John Putters, CEO
Email: jputters@visionstate.com
Tel: 780-425-9460

CHF Capital Markets
Kathy Chapman
Email: kc@chfir.com
Tel: 416-868-1079 x 234
 
Edmonton, Alberta – TheNewswire - September 3, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a provider of smart facility management solutions, continues to build momentum in the Canadian market as it sets its sights on U.S. market expansion. The company's proprietary WANDA platform, a leading tool for facility management, is at the forefront of these initiatives, helping to maintain clean and safe environments across a range of institutions, particularly in the education sector.


Growing Market Penetration and Endorsements


Visionstate's WANDA platform has achieved remarkable penetration into Canadian educational institutions, particularly colleges and universities. A recent endorsement from Queen's University highlighted WANDA's effectiveness in tracking cleaning tasks and protocols, reinforcing the platform's value in maintaining sanitary environments. This validation underscores the ongoing importance of robust cleaning programs, even as the immediate threat of COVID-19 has subsided.


In response to growing deployments at larger institutions, Visionstate has made targeted investments in its reporting and analytics capabilities. These enhancements ensure that WANDA continues to deliver high value to its customers, facilitated by Visionstate’s Canadian distribution partner.


Strategic Focus on AI Integration


Demonstrating its commitment to innovation, Visionstate has re-branded an operating division from Next Vision IoT Inc. to Next Vision AI Inc., emphasizing a strategic focus on artificial intelligence. This initiative is being driven in partnership with the Alberta Machine Intelligence Institute ( Amii ), a leading AI development institute based in Edmonton. The 12-month project with Amii aims to integrate AI into the WANDA platform, with key developments in schedule and route optimization. These AI-driven improvements will enable facility management companies to optimize cleaning routes and schedules, enhancing operational efficiency and reinforcing Visionstate’s leadership in the sector.


U.S. Market Expansion


With a secure distribution partner in Canada, Visionstate is now turning its attention to the U.S. market. The U.S. represents a significant opportunity for expansion, particularly given the presence of Visionstate's largest customer, the world's leading private equity real estate firm. To capitalize on this potential, Visionstate is investing in dedicated sales and marketing resources in the U.S.


As part of its expansion strategy, Visionstate will participate in the ISSA Cleaning Show in Las Vegas from November 19-24, 2024. The company aims to forge new partnerships for U.S. sales and marketing and explore opportunities in other international markets. Visionstate has built scalability into its software, ensuring readiness for this expansion. For direct U.S. sales, Visionstate will retain all revenue from license fees, except where resellers are involved. Additionally, the company is rolling out direct marketing and digital lead generation campaigns to drive sales leads in this new market.


Sol Spaces Inc. – A Visionstate Portfolio Company


Visionstate’s portfolio company, Sol Spaces Inc. ( solspaces.com ) has made significant strides in the current quarter, generating approximately $150,000 in revenue. This success is largely due to the sale of residential greenhouses and the development of a community-scale greenhouse for a prominent First Nations community near Edmonton. This project addresses critical food security challenges and exemplifies Sol Spaces’ commitment to innovative, resilient infrastructure.


Looking ahead, Sol Spaces plans to commoditize its greenhouse offerings by 2025, positioning them for broader distribution. Sol Spaces’ products are unique in that they represent the next generation of greenhouses which incorporate new technologies that help mitigate extreme temperatures and can extend growing seasons. The company is also advancing its development of next-generation living spaces, focusing on energy efficiency and affordability, which aligns with Visionstate’s broader commitment to sustainable technology. Visionstate Corp. Owns approximately 40% of Sol Spaces Inc.


Financial Performance and Outlook


Q3 has historically been a slower quarter for Visionstate IoT Inc. due to seasonal factors, particularly affecting revenue related to one time set up fees. However, the company anticipates strong growth in Q4, driven by new contracts with large Canadian colleges and universities. These contracts will contribute to Visionstate’s Software-as-a-Service (SaaS) revenue model, further strengthening its residual income streams. The company also expects additional fees from the development of new auditing features for WANDA, which will enhance monthly revenue.


Visionstate’s management remains focused on profitability, with software margins exceeding 70% and continued cost control measures. The company successfully closed a $500,000 financing round post-Q3, securing the necessary working capital to support its growth plans, including U.S. market expansion, AI development, and other key initiatives.


Looking Forward


As Visionstate continues to expand its market presence and technological capabilities, the company anticipates significant growth from markets outside of Canada. The upcoming ISSA conference in Las Vegas will be a critical launch point for these efforts, as it provides an international platform to showcase Visionstate’s facility management solutions.


In the coming months, Visionstate IoT Inc. will also focus on developing new inspection and auditing technology for a major customer. The launch of a standalone auditing application within the next 12 months will further expand Visionstate’s product offerings, reinforcing its position in the facility management industry.

About Visionstate Corp.


Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.


Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.


To learn more, please contact:


Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460
 
Visionstate Corp has now reached a multi year high with recent news, at least on the TSX Venture. Not sure why the OTC ticker has not responded, and Frankfurt ticker has not corresponded to the proper price either. Below is a link to the technical charts, showing almost a perfect buy signal, along with all the tickers.

www.barchart.com

VIS.VN - Visionstate Corp Stock Barchart Opinion - Barchart.com

Trading Signals for Visionstate Corp with Buy, Sell, Hold recommendations, technical analysis, and trading strategy.
www.barchart.com www.barchart.com

Canada - VIS.V
USA - VSSSF.OTC
Germany - 1VS1
 
Visionstate Corp. Secures Funding to Enhance AI Capabilities in WANDA Technology through Amii Partnership

Edmonton, Alberta – September 16, 2024 – TheNewswire – Visionstate Corp. (TSXV: VIS) is pleased to announce that it has secured funding to advance the AI capabilities of its proprietary WANDA technology through a partnership with the Alberta Machine Intelligence Institute (Amii). This collaboration aims to revolutionize the complexities of staff and task scheduling in dynamic facility management environments.

By leveraging Amii’s leading AI expertise, Visionstate will streamline the time-intensive and complex scheduling process, producing schedules that meet task completion requirements and adapt to constantly changing conditions. This partnership is a significant step towards enhancing the efficiency of task management in real-time.

Shannon Moore, President of Visionstate IoT Inc., commented: “As a company committed to driving innovation in facility management, partnering with Amii allows us to push the boundaries of what AI can do for our clients. By integrating machine learning into our scheduling systems, we are taking a significant step towards enhancing the efficiency of task management in real-time. This collaboration not only aligns with our vision for smarter operations but also provides tangible value to facility managers by simplifying the complexities of day-to-day scheduling.”

Visionstate is dedicated to promoting efficient operations through its flagship product, WANDA, which provides real-time data collection and actionable insights that streamline task management and overall operational efficiency.

This collaboration will leverage the recent announcement of a $3M investment from PrairiesCan to accelerate AI adoption in the prairie provinces. This funding will support 30 small and medium-sized businesses based in Alberta, Saskatchewan, and Manitoba over the next three years, empowering Canadian companies to embark on or accelerate their AI adoption journeys, driving innovation and growth in the Prairie region.

About Visionstate Corp.

Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.

Issued on behalf of the Board of Directors,
“John A. Putters”
Visionstate Corp.
 

Visionstate closes $600,000 private placement​

​

2024-09-26 16:11 ET - News Release


Mr. John Putters reports
VISIONSTATE CORP. ANNOUNCES CLOSING OF FULLY SUBSCRIBED FINANCING

Visionstate Corp. has received final acceptance by the TSX Venture Exchange for the closing of its previously announced non-brokered private placement of $600,000, which was fully subscribed.

The company will issue 24 million units of the company at a price of 2.5 cents per unit for gross proceeds of $600,000 as previously announced on Aug. 29, 2024. Each unit is composed of one common share of Visionstate and one common share purchase warrant whereby each warrant entitles the holder to purchase one additional common share at a price of five cents per common share for a period of five years following the date of closing.

If the closing price of the common shares is equal to or exceeds seven cents per common share for greater than 20 consecutive trading days, then the warrant term shall automatically accelerate to a date that is 30 calendar days following the date a press release is issued by the company announcing the reduced warrant terms, without any further notification to be made by the company.

The issuance of units to insiders pursuant to the offering will constitute a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in Section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in Section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2.5-million, and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.
The net proceeds from the sale of units will be primarily allocated toward the development and commercialization of new products designed to enhance the company's Internet of Things solutions and expand its market reach. Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.
Pursuant to applicable Canadian securities laws, the common shares and warrants comprising the units are subject to a four-month-plus-one-day hold period from the time of closing.

About Visionstate Corp.

Visionstate is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned subsidiary of Visionstate Corp. Through Visionstate IoT, it helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its devices that track and monitor guest activities and requests. The footprint of its Wanda smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate will continue to innovate, reduce environmental impact and transform consumer experiences.
 
Visionstate Ramps Up Expansion Plans

Edmonton, Alberta – October 9, 2024 – TheNewswire – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), is pleased to announce several key developments that position the company for growth and further innovation. These updates reflect Visionstate's commitment to expanding its market presence, enhancing its product offerings, and maintaining its leadership in the facility management sector. From increasing U.S. market penetration to significant advancements in product functionality, the company is excited to share its progress in the following areas.


US Expansion

Visionstate IoT Inc. is ramping up its marketing efforts in the United States to introduce the WANDA task management software to U.S.-based companies. Visionstate IoT has already established a foothold in the U.S. market with several large customers and aims to leverage this success to further penetrate the market. As part of this initiative, Visionstate will be participating as an exhibitor at the annual ISSA Cleaning Show, held in Las Vegas from November 19-21. To maximize the effectiveness of this presence, the company has launched an aggressive lead generation campaign in collaboration with U.S. partners. The goal is to arrange meetings during the show to demonstrate how WANDA can enhance operational efficiency and help prevent the spread of diseases.


Additionally, the company has begun the process of seeking a listing on the OTC markets to expand its investor base in the U.S.


"We are thrilled about the opportunity to significantly expand our presence in the U.S.," said Shannon Moore, President of Visionstate Corp. "The market is vast, and we believe our innovative WANDA software will provide the operational solutions that facility managers need to improve their workflow and enhance safety."


Deployments

Visionstate is pleased to report an expansion in its deployments, particularly in educational institutions. With a proven history of successful installations, WANDA has become a preferred task management solution for educational facility managers across Canada. New installations are scheduled in large manufacturing facilities, municipal operations, and additional educational institutions. These deployments will significantly grow Visionstate's customer base as WANDA is adopted by more organizations seeking streamlined task management and operational efficiency.


Innovation


Visionstate has undertaken a significant development project to expand WANDA’s capabilities. This project will add robust inspection and auditing features, further enhancing its value to facility management professionals. At the same time, Visionstate is developing new Artificial Intelligence (AI) technologies that will improve scheduling and routing activities, introducing major efficiency gains for customers. These advancements are happening concurrently with the app development and will introduce a suite of new features, including auditing, inspections, and complex scheduling tools.

"Our commitment to innovation is what sets Visionstate apart," Moore added. "The AI technology we’re developing will be a game-changer in terms of how facilities are managed, driving greater efficiencies and offering unparalleled solutions to our customers."

About Visionstate Corp.

Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.



To learn more, please contact:



Visionstate IoT Inc.

Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460
 
EDMONTON, Alberta, October 10, 2024 — TheNewswire – Visionstate Corp. Is pleased to announce its portfolio company, Sol Spaces Inc., an innovator in sustainable greenhouse technology, has entered into a partnership with Enoch Cree Nation, a resilient First Nations community located in Treaty No. 6 territory. Together, they are embarking on a transformative mission that goes beyond business—a shared vision to ensure access to a vital resource: food.

At the core of this partnership is the development of a cutting-edge, 1,200-square-foot greenhouse that will utilize advanced technology and eco-friendly design. This initiative aims to foster food sovereignty while promoting sustainability and innovation within the community.

The greenhouse, constructed using Structured Insulated Panels (SIPs), offers both energy efficiency and superior insulation, ensuring the internal environment remains stable year-round. SIPs not only reduce energy consumption but also significantly lower the carbon footprint of the greenhouse. By using these materials, Sol Spaces is setting a new standard in environmentally conscious design.

In addition to SIPs, the greenhouse will be equipped with smart sensors integrated into the Internet of Things (IoT) ecosystem. These sensors will continuously monitor essential environmental conditions such as temperature and humidity, transmitting real-time data to optimize crop production. Heat pumps will ensure consistent temperatures during extreme weather, enhancing the greenhouse's ability to produce year-round.

Enoch Cree Nation, known as Maskêkosihk in Cree, is a community with deep cultural roots and a strong connection to the land. With over 2,566 band members, they are dedicated to preserving their traditions while fostering resilience and community well-being.

“Access to affordable, healthy food is a challenge we all face,” said Elliott Putters, President of Sol Spaces Inc. “This partnership isn’t just about building greenhouses—it’s about empowering communities and building resilience for future generations.”

Construction on the greenhouse began in spring 2024, with operations expected to be fully underway by Fall. This initiative represents a commitment to creating lasting change—together, Sol Spaces and Enoch Cree Nation are sowing the seeds of hope for a future where food security is within reach for all.

About Enoch Cree Nation

Enoch Cree Nation, known as Maskêkosihk in Cree, is a resilient First Nations community located in Treaty No. 6 territory, just west of and adjacent to the City of Edmonton, Alberta, Canada. Our ancestral connection to the land runs deep, and we strive to be stewards of Okimaw askiy (Mother Earth). We actively seek to preserve and promote our culture, language, history, and spirituality while advancing our economic, education, health, and social well-being.

About Sol Spaces

At Sol Spaces, we are on a mission to redefine the way society views modern living and growing spaces. Our focus is on sustainability, self-sufficiency, and harnessing the natural energy of our environment.

Join us in this transformative journey toward a greener, more resilient future. Welcome to Sol Spaces, where innovative living meets environmental consciousness.

About Visionstate Corp.

Visionstate Corp. (TSX-V: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things (IoT), big data, and analytics, and sustainability. Through its portfolio companies, Visionstate is committed to the development and commercialization of innovative solutions that enhance operational efficiency, sustainability, and customer experience across multiple sectors.



Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.



To learn more, please contact:

Visionstate IoT Inc.



Shannon Moore, President

Email: shannon@visionstate.com

Tel: 780-425-9460
 

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