Invest in the Metaverse
Looking Glass Labs provides shareholders with diversified access to the NFT markets, with multiple revenue streams and significant growth opportunities.
House of Kibaa Revenue Model
HoK deploys a tiered revenue model that began with the commercial launch of its Genesis Membership NFT in Q2 2021, followed by continued investments in research and development to drive revenues from five streams.
Initial Revenue Streams
As of October 13, 2021, HOK’s first NFT drops and membership sales have generated over $7M in revenue.
Genesis Membership
Initially minted Genesis Memberships were sold by HoK for US$500 each, generating ~US$490,000 in proceeds over a four-week period.
The Genzero Drop
HoK devised a generative series of 10,000 unique 3D avatars, called GenZeroes, which it sold to in a wildly anticipated NFT sale on September 30, 2021. In under forty minutes, all 10,000 GenZero NFTs were sold and delivered to the blockchain wallets of 3,000 new owners resulting in ~CAD$6.2M in revenue.
As of October 7, 2021 nearly CAD$1M in GenZero NFT resales have occurred of which HoK achieves a lifetime royalty stream of 5% on all resales.
Meet our leadership team
We've assembled a team with diversified interests in NFTs and cryptocurrencies, with significant public markets experience.
Mr. Banks is an international serial entrepreneur, having started dozens of businesses in Europe, Africa, Asia and North and South America. For over 25 years, he has primarily worked in the tech, agri-tech and blockchain sectors. Mr. Banks primarily works to identify up-and-coming trends, develop a business model and turn the idea into a successful business. He has also consulted globally on the sectors he has most expertise. Mr. Banks has served on over a dozen public Boards and taken his own startups to the public markets such as MetroBridge Networks which he started as a one-man operation. He also has served in larger corporations such as Chief Knowledge Officer of Voith GmbH in Germany. He continues as Managing Director of Design Build Research, a non-profit educating around sustainable building practices.
Mr. Rowe is a Chartered Professional Accountant and holds a Bachelor of Science degree from the University of Northern British Columbia. He has provided accounting and tax services to a wide range of business and personal clients. In addition, he currently serves as a Director and Chief Financial Officer for several public and private entities.
A serial entrepreneur, Mr. Stevenson-Moore was the CEO and founder of StylePixi, a retail technology company that leverages Artificial Intelligence and advanced algorithms to disrupt the $25 trillion dollar retail market. Building off the success of StylePixi, Neil moved to London UK as he was selected to be the head of online giant Farfetch’s “Store of the Future”. Farfetch is recognized as a world leader in consumer retail technology and is currently valued in excess of $1.5B. Neil has since co-founded and helped to build SportNinja into a fast growing player in the $200B amatuer sports industry. Mr. Stevenson-Moore brings a wealth of consumer engagement and marketing experience to the Looking Glass team, and will be instrumental in developing an exciting go to market strategy.
Meet our Board of Directors
Looking Glass Labs has appointed board members with significant capital markets and financial expertise to help guide the company.
Bio Coming Soon!
Mr. O’Flaherty is a Chartered Accountant and a Chartered Financial Analyst. He also holds a degree in Economics from Union College, in Schenectady, NY. Mr. O’Flaherty has several years of experience in financial services, including public accounting and wealth management. He has worked for a recognized accounting firm and two recognized banking institutions.
Mr. Russell has over a decade of experience in the financial markets and has been involved with entrepreneurial businesses for over 15 years, including the development and financing of start-ups. He has served on boards and executive teams of several publicly traded companies, guiding them from private to public corporations including the turnaround and eventual sale of a cannabis company which was led from near bankruptcy to an eight-figure exit in under two years. Mr. Russell has been an early and active investor in several successful crypto start-ups and currently serves as CEO & President of Cloud Nine Web3 Technologies (CSE: CNI), where he is actively developing new Web3 technologies and implementing its new business strategy and direction. Mr. Russell is passionate about building company value and finding accretive acquisitions for corporations.
News Releases
The latest news and news releases from Looking Glass Labs and our subsidiaries.
LGL in the Media
European Capital Markets Advisor
Novum Securities Limited
2nd Floor, Lansdowne House
57 Berkeley Square
London
W1J 6ER
Auditor
WDM Chartered Professional Accountants
Suite 420 - 1501 West Broadway
Vancouver, British Columbia
Canada V6J 4Z6
Registrar
Link Group
6th floor, 65 Gresham Street, London, EC2V 7NQ
Transfer Agent (Canada)
Endeavor Trust Corporation
Suite 702 – 777 Hornby Street
Vancouver, BC V6Z 1S4
The Company was incorporated under the BCBCA under the name 1040426 B.C. Ltd. on June 19, 2015. The Company changed its name to BluKnight Aquafarms Inc. on July 12, 2017. On October 8, 2021, the Company changed its name to Looking Glass Labs Ltd.
The Directors recognize the importance of sound corporate governance and from admission of the Company’s shares to trading on the AQSE Growth Market (“Admission”) intend to observe the requirements of the QCA Code to the extent they consider appropriate in light of the Company’s size, stage of development and resources.
The Board of the Company currently comprises of a non-executive Chairman and two non-executive directors. Prior to Admission it is the intention of the Company to appoint an additional independent non-executive Director, based in the UK. In accordance with the QCA Code, the Board should have an appropriate balance between executive and non-executive directors and should have at least two independent non-executive directors. As at the date of Admission the Company has three independent non-executive directors.
The Company’s Board has one additional committee: the Audit Committee.
The current members of the Audit Committee are Patrick O’Flaherty, Carl Chow and Adam Deffett. All members of the Audit Committee are considered to be financially literate. Messrs. O’Flaherty, Deffett and Chow are not executive officers of the Company and, therefore, are independent members of the Audit Committee. A member of the Audit Committee is independent if the member has no direct or indirect material relationship with the Company. A material relationship means a relationship which could, in the view of the Board of Directors, reasonably interfere with the exercise of a member’s independent judgement. A member of the Audit Committee is considered financially literate if he or she has the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Company.
A copy of the QCA Code can be found here. (https://www.theqca.com/)
(a) the number of securities in issue and the percentage of securities that are in public hands pursuant to rule 2.12;
Number of securities in issue: 129,744,338
Percentage of securities in Public Hands: 70.74%(b) the particulars of any outstanding instruments issued by the issuer convertible into, or conferring a right to subscribe for, the admitted securities, and the amount and percentage of immediate dilution assuming full exercise of rights of conversion:
Options 19,410,418
RSUs 3,625,000
Warrants 12,031,800
Total Dilutive Securities 35,067,218
(c) a list of the shareholders holding more than five per cent of the issuer’s share capital or voting rights and the percentage held by such shareholders;
Shareholder and Restrictions.pdf
(d) any restrictions on their transfer;
Shareholder and Restrictions.pdf
(e) details of the exchanges or trading platforms on which they are admitted to trading;
Looking Glass Lab Ltd’s shares are traded on NEO Stock Exchange under the ticker “NFTX” and on AQSE Growth Market of the Aquis Stock Exchange under the ticker “*”