Artificial Intelligence Technology Solutions Inc. announced a significant financial milestone. The Company has secured a flexible line of credit up to $2 million, backed by early investors from its initial friends & family raise in 2016 and 2017. The specifically tailored financing arrangement offers AITX materials purchasing flexibility, with a 5-month grace period between fund receipt and repayment commencement so that future cashflows will be split between loan repayment and contribution to operating expenses.

This custom timing was designed to synchronize seamlessly with the Company?s manufacturing, deployment, invoicing, and collection average timelines, ensuring debt payments are covered by new potential revenue streams. The initial installment of $350,000 was received on December 1, 2023. This non-dilutive financial instrument allows AITX to pay off each loan portion in approximately 17 months, assuming planned payments. There are no commitment shares, warrants, options, or conversion options included in this arrangement making it wholly non-dilutive.