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O’Cannabiz Conference Expo & Awards to Feature a Broad Spectrum of Cannabis Products and Services

ND Supplies presents the 3-day O’Cannabiz Conference Expo & Awards, June 1-3, 2022, at the Toronto International Centre this year. Voted the No. 1 Cannabis Event in Canada by High Canada Magazine, the O’Cannabiz International Conference returns as an in-person event, after being canceled last year. The event organizers are thankful to the partners, sponsors, and exhibitors for their patience and co-operation. The event is being touted as the most sort after cannabis conference in North America featuring Cannabis trade shows, retail summits, awards functions along with global-level networking opportunities among the veterans and dignitaries of the cannabis spectrum in Canada. Cannabis vendors, creatives, enthusiasts, researchers, regulators, and activists are invited to attend this 3-day event that will witness veterans who travel from the length and breadth of the region to attend this event. Attendees will a true cannabis business experience at this conference that covers a broad spectrum of diverse topics on cannabis offering valuable learning sessions. In a power-packed business-to-business show, young businesses, and aspiring entrepreneurs can leverage this huge platform to build long-term business relations and establish networking ties with peers and thought leaders in the only G7 country to legalize both the medicinal and recreational use of cannabis. At the exhibit portion of the trade show, attendees can visit the exhibitor booths lined in the 50,000-square-foot expo hall, showcasing different facets of the cannabis industry, products, and novel ideas for people to learn and understand. Investors in search of lucrative business opportunities can explore and discover enterprising talent at these booths. The three days of networking opportunities will foster lifetime connections amongst the members of the cannabis community. 3,500+ attendees are expected to grace the event and participate in the 70+ interactive sessions, on a mammoth stage shared by 180+ industry leaders who will reside as speakers to impart valuable tips and strategies on vital topics like cannabis trading and laws, extraction & compliance in Canada., Attendees will receive a grand welcome at the Red Carpet Royalty Cocktail Reception. As a part of the O’Cannabiz Conference, on June 1st, 2022, the 2nd Annual O’Cannabiz Awards Dinner Gala will be hosted by CBC’s Gerry Dee, at Toronto’s Casa Loma to felicitate the dignitaries of the cannabis and recognize their contribution by honoring them with excellence awards. Marijuana activists Tommy Chong and Steve De Angelo will be presented with a Lifetime Achievement Award, and all other award winners will be announced live at the Gala. Enthusiasts, retailers and budtenders can check out the latest retail products at the Retail Summit, dedicated to the point-of-sale side of the cannabis industry. To learn more, please visit https://ocannabiz.com/.

FinovateSpring Introduces New Formats For Encouraging Startups

FinovateSpring is a CPE and CPD certified event, hosted by Finovate Group that organizes fintech seminars and events for the last 10 years. This year, FinovateSpring is coming to San Francisco, California, as a live in-person event on May 18-20, 2022. For the first time since 2019, the annual spring fintech conference will feature live, in-person demos, in-person speakers, discussions, panels, and global thought leaders of the financial technology spectrum. This event will be hosting 1,100+ senior attendees, more than 50% of whom are from financial institutions. As a bonus, the show will be graced by representatives of the top 10 banks in the U.S. To attend the event, there will be 50+ demoers, 100+ speakers, 270+ financial institutions, 200+ C-level attendees, and 100+ media personnel, who will cover the event. Finovate events are attended by influential personas of the fintech arena namely investors, decision-makers, regulators, and innovators leading the fintech revolution, who attend these events year after year. They have substantial authority and offer key insights into the future of financial services technology. From showcasing your new fintech solution in front of the Finovate community to collaborations, long-term partnerships, and funding along with making new clientele and getting expert feedback, the FinovateSpring has plenty to offer its attendees. Get live demos from startups, two startup-booster opportunities are being floated this year to help startups gain visibility on this forum. New formats like Fintech Fight Club and Finovate Unicorn Power Panel, along with 30 companies making their Finovate debuts, are some exciting opportunities available for new and small-scale entrepreneurs. Along with the networking scope, attendees get two days of live, in-person fintech demos and 3-days of insightful keynotes, fireside chats, discussions, and debates. The opening speech will be given by Greg Palmer, Vice President, Finovate. Some important keynote discussion and boardroom topics include
  • How to win the war for fintech talent-attracting the right manpower
  • Why do digital transformation projects generally fail- how to prevent the fallout
  • Why diversity matters
  • The three C’s of innovation- culture, customer, and connection
  • Harnessing new tech to meet the needs of businesses and consumers
  • Financial cybercrime and how new technology can harness the fraud
Organizers are taking the requisite steps to comply with COVID-19 guidelines and conduct the Finovate event in a sustainable and socially responsible manner. To learn more, please visit https://informaconnect.com/finovatespring/.

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Joins Visa’s Fintech Fast Track Program, Creating Better Opportunities to Scale Payments Industry

  • Visa will provide its extensive network of payment experts to assist LQwD (and other fintech companies) who join the program
  • LQwD is currently operating ten global nodes on the Bitcoin Lightning Network – France, England, Sweden, Singapore, Italy, Indonesia, Germany, Ireland, the US, and India
  • LQwD launched its proprietary PaaS platform in November 2021, working to lower transaction fees and facilitate faster transaction times
  • The cryptocurrency market is expected to reach a value of US $4.94 billion by 2030
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive the adoption of Bitcoin, has announced that it has joined Visa’s (NYSE: V) Fintech Fast Track Program. By working with Visa, a world leader in digital payments, LQwD can accelerate bringing Bitcoin to the masses through its subsidiary Coincurve.com, a virtual currency platform, along with its proprietary platform as a service (“PaaS”) offering and global routing nodes (https://ibn.fm/G1yGM). The Visa Fintech Fast Track Program was established for fintech companies to create new and innovative payment solutions through partnership, collaboration, and investment. The program offers fintech companies a payments path that is right for their current endeavors – including the idea, funding, and growth stages. Visa provides these companies with startup incentives, faster onboarding, and dedicated expertise and support. The Visa Fintech North American Fast Track offers:
  • Smooth onboarding to Visa’s global network
  • Lower expenses from Visa and selected enablement partners
  • Referrals to partners based on need
  • Payment experts providing the hands-on support and guidance needed to get fintechs up and running
To join the Fast Track Program, LQwD had to fill out an application and meet certain stipulations implemented by Visa, after which it underwent a review process to determine if it qualified for the program. Since approval, LQwD has been able to onboard with Visa and implement the go-to-market strategy. “By joining Visa’s Fast Track program, exciting fintech companies like LQwD gain valuable access to Visa experts, technology, and resources. Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency,” Visa’s SVP and Global Head of Fintech, Terry Angelos, commented. Shone Anstey, CEO of LQwD, underlined that this was an exciting opportunity for the company. “Our direct relationship with Visa now gives LQwD the advantage of accessing their growing partner network, as well as experts in the payments space. It’s a big benefit,” he added. LQwD currently has ten global nodes operational on the Lightning Network, including France, England, Sweden, Singapore, Italy, Indonesia, Germany, Ireland, the US, and the most recently launched node – India. Altogether, LQwD already has a capacity of over 10 BTC and is growing consistently. In November 2021, in coordination with the launch of its first node (US-West), the company also launched its PaaS platform – https://lqwd.tech/. Since then, the company has focused on scaling the Lighting Network and making Bitcoin transactions possible on a global level with lower fees and faster settlement times, amid growing interest in cryptocurrencies and the Lightning Network worldwide. According to Allied Market Research, the cryptocurrency market was valued at US $1.49 billion in 2020. Growing at a CAGR of 12.8%, the market is expected to reach US $4.94 billion by 2030. The primary drivers for growth are the growing acceptance of these currencies as legal tender and technological advancements (https://ibn.fm/2TTPB). For more information, visit the company’s website at www.LQwDFinTech.com. NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

Knightscope, Inc. (NASDAQ: KSCP) Securing Physical and Intellectual Property With Autonomous Security Solutions

  • Intellectual property theft costs the United States $225-600 billion every year
  • Crime, in general, has a negative economic impact of over $2 trillion annually
  • Knightscope, through its ASRs, seeks to remedy the situation by offering 24/7/365 security, thereby securing clients’ physical and intellectual property
  • The effectiveness of these ASRs has seen a San Francisco Bay Area biotech real estate development subscribing to two K5 ASRs and one K2 ASR
Approximately 12,000 intellectual property cases are filed in federal court annually. Every year, intellectual property theft costs the United States between $225 and $660 billion, for a sector that accounts for 27.7% of jobs in the country (https://ibn.fm/Afduy). Markedly, there is a need to protect companies’ intellectual property just as there is to protect physical property, such as with chemical or biotech companies threatened with the theft of key research samples and the theft or damage of advance equipment. One company helping enterprises secure themselves on all fronts is Knightscope (NASDAQ: KSCP). Known for developing autonomous security capabilities, Knightscope has products designed to cater to public institutions and commercial business operations. Its Autonomous Security Robots (“ASRs”) offer comprehensive property monitoring and reporting on a 24/7/365 basis. They have so far clocked over one million hours in the field and won security contracts that cover multiple time zones, seasons, and organizations in the U.S. Knightscope is committed to disrupting the $500 billion security industry, and hopes to do so by offering an overall package that secures companies’ physical and intellectual property, and protecting the safety of employees, in a more cost effective manner than with traditional approaches. The effectiveness of Knightscope’s ASRs and their track record have grown the company’s client list, which includes multiple Fortune 1000 companies. The latest addition to that list is a San Francisco Bay Area biotech real estate development that has subscribed to two of the company’s K5 ASRs and one K2 ASR. The move is designed to enhance the client’s amenity-rich real estate project while underscoring public safety in a highly regulated environment (https://ibn.fm/mIwAE). Knightscope will patrol a parking garage while also monitoring the common areas with this arrangement. This will protect the client’s physical property and its intellectual property under development at this high-tech facility. It will also provide additional protection for the employees working at the facility. Knightscope is leading the industry in integrating autonomous security solutions, currently comprising the K1 stationary machine, a K3 indoor machine, and a K5 outdoor machine. With more companies subscribing to these solutions, Knightscope is not only bringing the US closer to being the safest nation in the world but is also creating incredible value for its shareholders. For more information, visit the company’s website at www.Knightscope.com. NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Announces Fourth Quarter Results; Announces Management Additions

  • EverGen Infrastructure reported their Q4 ‘21 quarterly results on April 21, 2022
  • The company reported 4Q21 revenues of CAD $2.693 million, +39% QoQ
  • EverGen simultaneously reported that their 4Q21 EBITDA was impacted by the flooding event that took place late last year, however revealed that their facilities had come back online as of early March 2022, and business interruption insurance would be recognized in 2022
  • The company also revealed a series of additions and changes within their executive management team
EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF), a British-Columbia based Renewable Natural Gas owner and operator, published its fourth quarter 2021 quarterly results on Thursday 21 April 2022 (https://ibn.fm/bXKQH). EverGen reported fourth quarter revenues of CAD $2.693 million, a figure which was up 39% quarter-over-quarter, largely resulting from higher volumes of incoming organic feedstock resulting from the flooding events which took place in Canada’s Abbotsford and Sumas Prairie regions. Nonetheless, the flooding events also contributed to a temporary shutdown of EverGen’s FVB facility on November 15, 2021, an extraordinary event which impacted the company’s net income and EBITDA for the quarter. EverGen Infrastructure revealed that their operations had now successfully recovered from the flood impact, with their FVB facility back online as of March 2, 2022. Moreover, the company also reported that it had recovered upwards of $1.7 million of insurance proceeds, representing a progress payment relating to lost revenues and additional expenses incurred from the flooding events. The company now intends to recover further insurance proceeds related to the event throughout 2022, resulting in a deferral of positive Adjusted EBITDA which would have otherwise been recognized in the fourth quarter of 2021. EverGen had a transformational year in 2021, which saw the company assemble their core British Columbia-based portfolio, acquire subsidiary Fraser Valley Biogas, and lead the initial public offering of the company – measures which taken in unison have served to position EverGen as one of Canada’s premier renewable natural gas (“RNG”) infrastructure platforms. The company also announced a series of managerial additions and changes within the executive team. After successfully leading EverGen’s initial acquisitions and August 2021 IPO, Mischa Zajtmann, President of EverGen will transition into the role of Chief Operating Officer, with the goal of overseeing the company’s technical operations along with the development and integration of ongoing growth projects. Separately, EverGen also welcomed Jamie Betts, VP of Operations, and Sean Hennessy, VP of Finance, recent additions set to assist the company as it continues to expand its RNG operations as well as to further its inorganic growth initiatives moving forward. Betts, an engineer by training, joins EverGen as VP of Operations with over 35 years of experience in multinational energy and waste management companies, including, more recently, the positions of VP of Engineering at Miller Waste Systems Inc. and Project Director at Husky Energy. Meanwhile, Hennessy, a chartered accountant, joins EverGen as VP of Finance with over 15 years of finance and accounting related experience, including the positions of Director of Corporate Reporting for Altera Infrastructure, a global energy infrastructure group and a Brookfield Business Partners portfolio company, and Director of Financial Reporting for a clean technology company. Going forward, EverGen have outlined their onward growth plans, with the company’s recently announced letter of intent to acquire a 67% interest in GrowTec, an Alberta based biogas facility, serving as the cornerstone of their plan to expand into new geographic jurisdictions and broaden their presence within the Canadian RNG industry. For more information, visit the company’s website at www.EvergenInfra.com. NOTE TO INVESTORS: The latest news and updates relating to EVGIF are available in the company’s newsroom at https://ibn.fm/EVGIF

Golden Matrix Group Inc. (NASDAQ: GMGI) Records 14th Profitable Quarter on the Trot

  • Golden Matrix Group is a gaming technology and e-sports company, operating its own gaming IP alongside providing white-label gaming platforms for third-parties
  • Golden Matrix reports Revenues of $8,877,105 & net income of $349,379 in the quarter ending January 2022, their 14th consecutive quarter of profitability
  • The company have based their profitability on minimizing user acquisition costs and maximising lifetime customer value
  • Golden Matrix, via its successful R Kings B2C Tournament platform, has devised a new method to attract customers through the use of online prize draws, drawing in upwards of 90,000 new users per quarter
The onset of the pandemic hastened an already existing shift away from location-based casinos towards online gaming; in fact, a recent study has forecast the online gambling market to reach US$217.3 billion by 2027, representing a CAGR of 11.5 percent between 2020 and 2027 (https://ibn.fm/hEszL). Las Vegas-based Golden Matrix Group (NASDAQ: GMGI), an established gaming technology and e-sports company which owns and operates online gaming IP as well as white-label gaming platforms for third-party customers, has sought to capitalize on the ongoing shift, a change in customer behavior which has been further accelerated by a burgeoning younger and tech-savvy consumer demographic. The company recently revealed that it had recorded revenues of $8.88 million for the quarter ending January 31, 2022, an increase for 355% over the same period a year ago. Golden Matrix simultaneously reported net income of $349,379 over the course of the three-month period, extending a remarkable stretch which has now seen the gaming company record its 14th consecutive profitable quarter. A key trait which has characterized Golden Matrix Group’s resolute pursuit of profitability comes down to the company’s innovative approach towards customer acquisition costs (“CAC”) and lifetime value (“CLV”) – a strategy which has filtered through into their recent acquisitions (https://ibn.fm/H46E1). In December 2021, Golden Matrix entered into a purchase agreement to acquire an 80 percent controlling interest in UK-based R Kings Competitions Ltd., a leading independent online competition company (https://ibn.fm/hVxti). Through their combination with R Kings Competitions, Golden Matrix have pioneered a system by which new users can gain access to a prize draw after responding correctly to a question – a competition which Golden Matrix CEO, Brian Goodman, has credited with attracting upwards of ninety thousand new players a quarter at relatively low cost. Going forward, the company anticipates rolling out their tournament methodology into new geographies and languages – recently revealing that they had applied for a Mexican gaming permit which would allow them to attract new users and offer online gaming within the country. Having already gained considerable market share within the B2B market through the roll-out of their GM-X system, a gaming system designed to enable online providers to gain access to a broad array of over 10,000 games from over 25 developers, Golden Matrix Group are now seeking to grow their presence within the B2C. CEO, Brian Goodman recently divulged that the company were pursuing a series of acquisitions within the B2C gaming space, a measure designed to assist Golden Matrix to better monetize their burgeoning customer base. For more information, visit the company’s website at www.GoldenMatrix.com. NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

BizCann Expo Visits Medellin, Gathering Local Cannabis Entrepreneurs, Business Owners, and Industry Leaders

BizCann Expo, a leading business and networking event, is happy to announce their next event in Medellin, Colombia! Taking place this May 21-22, 2022 at the city’s Plaza Mayor, this event is open to cannabis professionals, startups, entrepreneurs, and enthusiasts! Featuring the industry’s leading figures and service providers, participants can enjoy networking and building relationships with like-minded professionals. Exhibitors can showcase their ideas and skills to an enthusiastic audience, and connect with eager investors. A massive forum for collaborations, young entrepreneurs seeking guidance can network with tons of industry leaders. New businesses looking for fresh avenues and useful business tips, as well as more established brands, can all leverage this forum to communicate with potential clients and investors. Attendees can leverage the platform to gain new business ideas, and understand the most recent market trends. Plus, this is also a great opportunity to get ahead and learn about the latest technologies as well as industry-wide updates. BizCann Expo prides itself in delivering the ultimate and most complete show possible for anyone seeking cannabis industry-tailored services: inventory, legal advisory, marketing, retail, tools, as well as consultancy from some of the top cannabis panel experts, are just some of the resources available. Immerse yourself in engaging discussions, keynotes, and workshops that will guide you through all aspects of the industry. Some of the topics discussed during this edition of BizCann Expo include the future of cannabis in Medellin, legislation & licensing, among others. To learn more, or to purchase your tickets, please visit bizcannexpo.com.

Lift&Co’s Expo 2022 to Host the Canadian Cannabis Industry’s Leading Luminaries

Lift&Co, widely recognized as the hub for the Canadian cannabis industry, is gearing up to host Lift&Co. Expo Toronto on May 12-15, 2022 (Exhibits Open May 13-15). Set to be held at the Metro Toronto Convention Centre, Canada’s premiere industry event for cannabis professionals, investors, consumers and the media will welcome over 150 expert speakers, upwards of 150 exhibitors and thousands of attendees over the course of four days. Lift&Co. Expo Toronto 2022 will be divided into multiple segments. First, the Lift Cannabis Business Conference (“LCBC”) on May 12 brings an exclusive, full-day conference gathering together Canada’s top business leaders, subject matter experts, innovators and regulators from across the cannabis industry. The following two days, May 13 and 14, see the opening of the Lift&Co. Expo trade show, open exclusively to members of the industry on these dedicated days. Featuring networking opportunities, discoveries and can’t miss-programming, Lift&Co. Expo Industry Days will enable attendees to kickstart relationships, create opportunities and fuel collaborations with some of the most cutting-edge companies within the cannabis industry. In a unique twist to its regular schedule, this year’s Lift&Co. Expo will also play host to the CannaVest North Investment Forum on May 13 and 14, a unique event connecting cannabis companies with accredited investors, while providing education from a financial perspective. The closing day of this year’s Lift&Co. Expo will be dedicated to patients, consumers and enthusiasts. Over 150+ exhibitors from Canada and around the world will highlight a wide array of products, complemented by programming surrounding new insights and ideas in the cannabis space. Throughout the event, attendees will be given a chance to learn about a variety of topics, including ‘How to Master Supply, Demand and Business Growth in a Quickly Changing Market’ delivered by Deloitte’s Nico Hache and Jawad Skieneh, Master Grower at Greenway Greenhouse Cannabis Corp; ‘The Next Big New Product Category – and What They Might Be?’ by HCD Research’s Allison Gutkowski; ‘Techniques for Better Sowing, Growing and Harvesting to Remain Competitive’ from Atiyyah Ferouz, Founder and CEO of AgCann Consultancy and Av Singh, PhD, PAg, Cannabis Cultivation Advisor; and ‘The Future for Edible Products’ by Nextleaf Solutions CEO, Paul Pedersen, among many others. Renowned for its uniquely irresistible experience that keeps thousands of cannabis industry movers, shakers and trailblazers buzzing, this year’s Lift&Co Expo will have something fun around every corner, including prizes, 420 receptions, photo activations and entertainment. All told, upcoming Lift&Co. Expo Toronto 2022 promises to be a truly unmissable event. For additional information about Lift&Co. Expo 2022, including ticket sales, visit https://liftexpo.ca/.

Advanced Container Technologies Inc. (ACTX) Offers New Tech with GrowPod Automated, Indoor Micro-Farms

  • Innovators in food supply field have been developing new technologies such as indoor farms
  • These game-changing micro-farms can be built anywhere
  • ACTX is the exclusive distributor of GrowPods in the United States
With global supply chain issues grabbing headlines and impacting almost every industry, potential solutions in any sector are certain to capture attention. Hence Advanced Container Technologies (OTC: ACTX), the exclusive U.S. distributor of GrowPods, is definitely seeing interest in the environmentally controlled micro-farms that allow cultivation of ultraclean crops year-round. “Land preservation and regenerative organic agriculture practices are critical to solving food insecurity and combating climate change,” reported a recent GreenBiz article titled, “How Vertical and Indoor Farming Can Supplement the Food Supply Chain” (https://ibn.fm/BuJEm). The article pointed out, however, that land is limited. “That’s why innovators in the field have been developing new technologies such as indoor and vertical farms designed to supplement outdoor farming. “Indoor farming allows for certain foods to be grown hydroponically in a closed-loop environment year-round,” stated the article. The article went on to quote John Church, cohead of Food & Beverage for HSBC USA, who observed that “these systems often recirculate water, which can be more efficient than how water is used for other types of crops. Light and temperature can also be controlled, and since there is no exposure to pests, no chemistry is needed.” However, one of the most significant benefits of these farms, the article noted, “is that they can be built anywhere. That means food such as leafy greens can be grown closer to population centers. Because it travels fewer miles to the plate, the taste and texture of the output from indoor farms is often better than conventionally grown produce. “While indoor and vertical farming will not feed the world, Church believes it can supplement the supply chain,” the article states. “One leader in indoor farming, for instance, recently began construction of a research center in Abu Dhabi, UAE. ‘This is the perfect spot for a vertical indoor farm,’ he explained. Due to its arid environment, the conditions are not suitable for outdoor growing, so the country has historically imported its produce. Recently the UAE’s government publicly stated it wants to become more sustainable — and this solution will go a long way in helping it achieve that. These are only a few of the advantages that GrowPods, which are self-contained, automated, indoor micro-farms, offer users. These innovative containerized growing systems are designed with functionality and ease of use in mind. The pods are configured to optimize plant growth while minimizing labor; setup is quick and simple, no pesticides are needed, and the containers produce harvests all year long. Advanced Container Technologies is in the business of selling and distributing GrowPods, along with related equipment and supplies. Additionally, the company designs and sells patented, proprietary medical-grade plastic containers, known as the Medtainer(R), that store and grind pharmaceuticals, herbs, teas and other solids or liquids. For more information, visit the company’s website at www.AdvancedContainerTechnologies.com. NOTE TO INVESTORS: The latest news and updates relating to ACTX are available in the company’s newsroom at https://ibn.fm/ACTX

Laredo Oil Inc. (LRDC) Plans Drilling of First Well in Lustre Oil Field This Month

  • Plans moving forward to begin drilling this month
  • Depending on drill production, drilling of next 10 wells will follow
  • Reserve report estimates value of production to be $41 million
Laredo Oil (OTC: LRDC) an exploration and production company specializing in conventional and enhanced oil recovery techniques targeting mature and declining oil fields, is one step closer to drilling its first well — the Olfert 11-4 — in the Lustre Oil Field. The company has been granted a drilling permit for the planned drilling to take place in the Western Williston Basin of Montana (https://ibn.fm/xrwS0) and plans are moving forward to begin drilling soon. “The Olfert 11-4 well is the first of 11 wells we have identified for completion in 2022,” said Laredo Oil chair and CEO Mark See. “Drilling there will commence as soon as possible; the drill rig is under contract and, depending on rig availability and weather, is scheduled for early May.” According to See, Laredo anticipates seeing initial production from this well as early as three weeks after spudding. Based on those production results, Laredo Oil will assess the viability of the program, which was outlined in the reserve report from Nov. 1, 2021 released by an independent petroleum engineering firm. “Assuming successful economic results from the completion of this first well, we intend to proceed to drill the next 10 wells, contingent upon successful completion of the fundraising efforts currently underway,” stated See. “And we are continuing to expand our mineral rights acreage portfolio in Montana to more fully realize on the opportunity that we believe exists there.” Laredo’s belief in the potential of the property is rooted in more than 35 years of offsetting production and the associated technical data in the field in addition to the reserve report it received last year (https://ibn.fm/Woo0o). The report estimated that interests of proved undeveloped, probable undeveloped and contingent reserves, along with forecasts of economics attributable to certain properties in the Western Williston Basin of Montana for oil interests acquired by Lustre Oil Company LLC, a wholly owned subsidiary of Laredo Oil, total $41 million of cumulative cash flow discounted at 10%. “This reserve report confirms the potential of the first 10 wells we have identified for completion in a small portion of the 28,496 acres where Lustre has acquired mineral rights in northeast Montana,” said See. “Based on this reserve report, I feel the field has much more potential for expansion.” The company’s focus in Montana aligns with its strategy, which is to aggressively pursue conventional oil development opportunities and acquire select mature oil fields where management believes that the company can profitably use its proprietary Underground Gravity Drainage(TM) method to recover stranded oil reserves. Laredo believes that these fields are undervalued and have the potential to be extremely productive. For more information, visit the company’s website at www.Laredo-Oil.com. NOTE TO INVESTORS: The latest news and updates relating to LRDC are available in the company’s newsroom at https://ibn.fm/LRDC

From Our Blog

Where Geology Creates Advantage: Inside Search Minerals Inc.’s (TSX.V: SMY) (OTC: SHCMF) Development Across Labrador’s Rare Earth Districts

December 12, 2025

Disseminated on behalf of Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) and may include paid advertising. Search Minerals (TSX.V: SMY) (OTC: SHCMF), a mine exploration and development company, is working hard to advance Canada’s strategically positioned rare earth portfolio.  The company controls two districts: the Port Hope Simpson – St. Lewis CREE District and the […]

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