Labrador Forges Strategic Partnership with Transpera

Tickers: XTSX:LTX
Tags: Oil & Gas, Media, Technology

Calgary, Alberta / TheNewswire / December 13, 2018 - Labrador Technologies Inc. ("Labrador" or the "Company") (TSXV: "LTX") announces it has signed a development contract with Transpera Technologies Inc. for its Cannaverse lifestyle APP, a one of a kind, smart cannabis journaling App to assist consumers with identifying which strain is personally best for them, on a batch by batch basis. Phase 1 of commercialization is scheduled for March 2019.

"We focus on transparency, from the way we approach our development projects right down to our company name," says Kevin Kembel, Transpera's Managing Partner. "Transpera strongly believes in Labrador's vision for the Cannaverse App development project. There is a mutual goal to bring a unique and necessary platform for connecting cannabis customers to the highly technical, fluid, and diverse retail marketplace."

Continues Kevin, "in keeping with Transpera's mutual growth principles, we have to be mindful about what projects we invest our time and resources in. We see the potential for Cannaverse to grow Labrador, and we look forward to our long-term relationship and involvement in this project. Since our inception, we firmly believe that our clients' best interests are shared with our own. Our growth as a company can only come in lock-step with the growth of our clients. The partnership between Transpera and Labrador Technologies holds true to this principle."

More about Transpera:

Transpera was born from the IT Department of a national retail franchise. Its principal was brought onboard in 2007 to manage the rewrite of an isolated desktop point-of-sale application, initially in use by over 150 retail stores, into a data-warehoused distributed software that allowed the franchisor to track, manage and report on chain activity in real-time. The subsequent version of the software added live dashboarding, HR tools, internal communication tools, resource sharing, training, and integration with third party call centre and marketing tools before being rolled out to an additional 90 locations under another brand name across Canada and the USA. These tools have allowed the franchisors to add value that no other competitor has been able to match since, reduce overhead at their head offices, embed their unique business models into the software, engage directly with front-line staff, and present a more cohesive brand across each location internationally.

Transpera has expanded its client base, written its third point-of-sale platform from the ground up, deployed several mobile applications, and has focused on developing internal tool suites that empower multi-location retail businesses. Transpera's experience in developing intranet staff portals, 3rd party integrations, automation, and real-time dashboarding is an asset to the Cannaverse mobile app, matching its need for data security, scalability, and future integration with Cannabis point-of-sale data sources.

With its history as an IT department, they have sharpened their tools on a need for in-house diversity. Transpera prides itself on its aptitude and its track record of developing a variety of solutions that exceed expectations, and they look forward to putting their unique experience to use in their long-term partnership with Labrador Technologies Inc. and the development of the Cannaverse mobile app.

About Labrador Technologies

Labrador Technologies is a Calgary, Alberta based software development firm providing map-based innovative solutions for industries seeking a visual interpretation of financial reporting. Labrador has expanded its vision beyond Oil & Gas data to focus on cannabis data collection and specialized reporting.

For further information, please contact:

Ronald Sterne

T: (403) 263-6325

E: info@labradortechnologies.com

Reader Advisories

Forward Looking Information

The information in this news release contains certain forward-looking statements. These statements relate to future events or our future performance, in particular, but not limited to, with respect to the release of Phase 1 and each phase being targeted to generate revenue and management's future expectations in relation thereto, and the Company's ability to meet and finance its commitments and to continue as a going concern. All statements other than statements of historical fact may be forward-looking statements. These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits the Company will derive from them. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements.

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