22 Mar Initial Token Offering Plans Released
Labrador Technologies Plans Initial Token Offering (ITO)
Labrador Technologies Inc. plans to proceed with an Initial Token Offering (ITO), subject to receipt of applicable regulatory approvals, with the assistance of its strategic partner, Bacancy Technology. ITO participants will receive utility tokens that will provide users with access to products and/or services. This ITO will utilize the proprietary map-based financial reporting and visualization software designed by Labrador.
The project is centred on the cannabis business vertical, displayed in mock-up as cannaTriever on the Welltriever website since April, 2017. “I am very impressed to see how compatible the current Labrador software is to a decentralized cannabis blockchain project,” says Daniel Westby, founder of Bitminers Canada. “Software of this magnitude takes years to develop and a lot of upfront capital — having it already functioning for years and so easily adaptable to the vision of Ron’s new project makes me excited to see this come to life.”
In early 2016, Labrador announced its intention to move beyond the oil and gas sector with its generic, map-based visualization software and identified the cannabis sector as a compelling opportunity. Initially, cannabis licensed producers will be the focus. Bacancy will develop the proprietary cannabis database and provide critical blockchain and smart contract expertise in this enterprise.
About Labrador Technologies Inc.
Labrador Technologies is software development firm, based in Calgary, Alta., providing map-based solutions for industries seeking a visual interpretation of financial reporting.
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