Executive Order 14307 Ignites Drone Defense Arms Race…

Ride The $67 Billion Shift Toward Next-Gen Drone Warfarei

  • April 8, 2026
  • Editorial Feature

The Upstart Drone Company Lockheed Martin Turned To In Landmark Dealii

Distributed on behalf of XTEND (NASDAQ: JFB). Please see the disclaimer below

Dear reader,

A government-backed drone boom is erupting now and Wall Street says it could mark a “generational precipice.”iii

That’s what Stifel Financial, a Wall Street firm founded in 1890 that oversees more $500 billion, said when it declared 2026 to be “The Year of the Drone.”iv

And it’s all practically mandated.

Executive Order 14307 lays out a massive push for U.S. drone dominance, accelerating procurement, deployment, and domestic production at scale.v

It’s the rare kind of “perfect storm” that gets Wall Street this excited.

The scale is potentially huge.

The total market potential here $67 BILLION.vi

Growth is already exploding.

You’ll learn about one drone company you will see below just posted 881% growth in the last two years and is expected to add another 251% in 2026!viiviii

Capital is rushing in.

Amazon, Andreessen Horowitz, Palmer Luckey, and many more are backing many different drone technologies for commercial and defense purposes in a huge way.

Executive Order 14307 is one of the major driving forces of it all.

And one upstart defense drone systems developer and builder is already making its move.

XTEND (NASDAQ: JFB) recently inked a deal with Lockheed Martin according to a news announcement from the aerospace and defense giant.ix

XTEND has leveraged a seven-year head start in mission-critical system development into more than $71 million order backlog for it drone defense systems…x

Secured $30 million in fresh capital and a huge vote of confidence from institutional investors…xi

And is now executing a historic merger that opens the door for investors to step in ahead of its next growth phase.

The deal is expected to close before August 13, according to official filings, making now the time to take a closer look.xii

There is a lot happening here, but it all traces back to one thing…

Recent government initiatives are supporting growth in the drone market.

Executive Order 14307 Unleashes a Drone Spending Tsunami

“We will deliver tens of thousands of small drones to our force in 2026, and hundreds of thousands of them by 2027.” – Secretary of Defense, Pete Hegsethxiii

The centerpiece of all this is Executive Order 14307.

This directive lays it all out clearly.xiv

Right at the outset, it defines the moment:

“Drones are the biggest battlefield innovation in a generation.”

And it follows with a direct call to action:

“The United States must accelerate… and scale up domestic production.”

In other words, this is potentially big, and the timeline is now rather than later.

As mentioned above, the total potential drone defense market could hit $67 billion.xv

Reuters reports, “US Army to buy 1 million drones, in major acquisition ramp-up.”xvi

And Bloomberg says, “Soaring Military Outlays Add $28 Billion to Defense Fortunes.”xvii

That’s a few examples of scale of the opportunity.

And it’s surely a big reason why companies like XTEND (NASDAQ: JFB) are attracting serious attention and capital, driven by their positioning in this rapidly emerging market.

XTEND has several key advantages that place it at the center of the drone defense buildout, which we’ll get into shortly.

But first, you’ve got to see why this stage of the drone defense innovation curve can be so lucrative for investors who identify the right growth companies early on in their growth cycle.

How Defense Breakthroughs Turn Into 10X Winners Time and Again

When the battlefield changes, the response is immediate, urgent, and often lucrative.

The companies that solve the problem can soar in value.

That’s why XTEND (JFB) is attracting serious investment, moving through a major merger, and has even inked a deal with Lockheed Martin.

We’ve seen many examples, even from Operation Iraqi Freedom alone.

And these historical examples are not indicative of future performance, they do show the potential.

For example, Improvised Explosive Devices (IEDs) were one of the most deadly and disruptive threats on the battlefield.

They were low-cost to produce but devastatingly effective.

Planted along roadsides, they could halt movement, cripple supply lines, and seriously injure or kill U.S. and allied troops.

It was a growing threat that demanded a decisive, large-scale solution.

Force Protection Inc. was a company that delivered one of the clearest examples.

Its MRAP (Mine-Resistant Ambush Protected) vehicles became essential almost immediately and demand surged.

The stock went from $1 to over $30 before being acquired. A 3,000% move driven by a single breakthrough.

Armor Holdings was another. The Humvee had long been the workhorse of the U.S. military. But when it proved vulnerable to IEDs and other attacks, it was no longer enough. More than 120,000 were in service. Armor Holdings developed armor kits to reinforce all the forward-deployed Humvees.

The stock went from under $10 to an $88 buyout. That’s an 800%+ gain tied directly to one shift in warfare.

Ceradyne was another example.

Its next-generation ceramic composite body armor was stronger, lighter, and quickly became close to standard issue.

The stock climbed from roughly $5 to over $40.

And FLIR changed visibility on the battlefield.

A leader in thermal and night vision technology, it turned darkness into an advantage for US troops and built a huge business in the process.

The stock moved from about $10 to over $60 as adoption spread.

Again, these are particularly successful examples provided and there’s no guarantee of this happening again.

But there is a pattern here that proves the potential growth opportunities exist here.

A new threat emerges, a new solution is developed, and the companies which are able to create the right innovation have the potential to capture the huge upside.

Now that same pattern is forming again with the ascent of drone warfare and XTEND (NASDAQ: JFB) is a drone defense system company targeting it head-on.

And drone warfare has already been delivering, and now everyone from the President and the Pentagon to Wall Street is gearing up for a major acceleration.

Anatomy Of A 1558% Drone Winner…And Why The Next Wave Could Be Even Bigger

Advancements in drone defense technology have been building for years, right alongside the market itself.

One company at the center of that rise was AeroVironment (AVAV).

It’s proof how large a successful drone technology company can become in the right environment.

AeroVironment’s bestselling early system was the RQ-11 Raven.

Fully deployed systems, including control units and support gear, could cost as much as $250,000 and they were selling them by thousands.

By the late 2000s, more than 9,000 had been delivered.

At the time in 2009, AeroVironment was making around 2,000 Raven drones per year and generating about $247 million in revenue that year.

It’s been nothing but up since then for sales, acquisition, and share prices too.

The company scaled to more than $820 million and its stock climbed from around $25 in 2009 to a high of more than $417 in the past year.

That’s a powerful 1558% run.

Not bad at all. It took a decade and it happened without a true catalyst accelerating adoption.

That’s what makes this moment different. The next phase is moving faster. And XTEND (NASDAQ: JFB) is entering it with years of development behind it, while still positioned at the front end of the adoption curve.

That’s the key. Consider this.

AeroVironment is a $9 billion company and its historical examples are not indicative of future performance, but it has already had its run.

XTEND, while setting up to be a potential major player in the largest buildout of drone technology we’ve ever seen, is a tiny fraction of AeroVironment’s value.

And on top of that, the next wave isn’t just about more drones, it’s about highly-advanced complete drone defense systems.

How XTEND Is Building Essential Systems To Win The Next Generation of Warfare

Image of flagship XTENDER platform

It has combined AI-driven software, robotics, and immersive control systems to build a new class of drone platforms designed for real-world missions.

Launched in 2019, the company has spent years refining systems that go far beyond simple flight.

These are integrated mission tools built for the modern warfare environments.

And when you look at them individually, you can see how they fit directly into the massive U.S. drone buildout underway right now.

Take its flagship XTENDER system.

This is a micro-tactical system built specifically for close-quarters combat and indoor operations.

It can operate in the most complicated real-world environments including in GPS-denied environments like buildings, tunnels, and dense urban terrain where most drones fail.xviii

It uses AI, sensors, and real-time data fusion to help operators detect threats, identify targets, and navigate complex spaces without direct exposure.

And it can be operated through immersive control systems, including VR-style interfaces, allowing even less experienced operators to execute missions effectively.

Multiple drones can also operate together in coordinated formations.

But that’s just one layer of the platform.

XTEND also builds FPV and strike-capable systems designed for direct engagement.

These allow operators to see through the drone in real time, fly into contested areas, scout ahead, identify threats, and, when required, deliver payloads with precision.

This creates a completely different level of battlefield awareness and control.

And it’s built for the individual unit where a single user can manage the flight and mission execution alone.

There are many more in XTEND’s lineup.

WOLVERINE: Loitering munition / attack drone

GRIFFON: An FPV tactical drone

XOS: AI-powered operating system (multi-drone control, VR interface, mission coordination)

And those are just a few examples.

XTEND has been developing drones for years and they’re hitting the right spot of the market, at least according to growing orders.

The company has already passed more than $71 million in total orders so far.xix

But if you want even stronger validation, look at Lockheed Martin.

When an aerospace and defense giant with more than 120,000 employees turns to a company like XTEND (NASDAQ: JFB), it says a lot about capability and potential.

Lockheed Martin Just Issued Major Vote of Confidence in XTEND

In December 2025, Lockheed Martin’s Skunk Works unit expanded its collaboration with XTEND.xx

This was a direct step toward integration into next-generation warfare platforms and puts XTEND in top-tier of defense contractors.

Lockheed choosing XTEND is a validation that the technology is ready to operate at the highest level of modern defense systems.

XTEND’s operating system is being embedded into Lockheed’s autonomy stack.

We touched on it earlier, but one of XTEND’s biggest advantages is its ability to be operated by a single person in the field, while coordinating multiple drones at once.

That’s exactly where this Lockheed integration matters.

It brings that capability into a larger system, where multiple drones can be controlled in real time by a single operator.

This replaces older, slower models and moves toward coordinated, scalable drone operations aligned with how future battlefields are expected to function.

The key point is simple.

Lockheed could have chosen anyone. It has the capital, the reach, and the contracts.

It chose XTEND.

And when one of the largest defense contractors in the world integrates your system into its core platforms, it signals real confidence in where that technology is headed and how central it could become.

But there’s another piece of this story that’s rarely discussed, and it’s critical to understanding the scale of what’s coming.

That’s China.

But China isn’t a headwind for XTEND (NASDAQ: JFB). It’s actually a key part of its competitive advantage.

The China Factor Force Massive Drone Industry Realignment

China already dominates the global drone market, with about 70% share.xxi

It also produces many of the critical components that power modern systems.

For years, that didn’t raise much concern.

Drones were seen as tools to inspect pipelines, capture video, or serve niche military roles.

That’s all changed.

Drones now drive surveillance, targeting, and real-time battlefield decisions and their role is rapidly expanding.

With Executive Order 14307 in place and the Pentagon pushing toward “drone dominance,” including plans for more than one million drones, the scale of deployment is set to surge.

That’s where China becomes a critical factor.

The U.S. government is actively moving away from Chinese drones and components in defense systems.

In fact, the National Defense Authorization Act (NDAA) requires that drones and key components used in government and defense come from the U.S. or allied countries.

That shift spending away from foreign suppliers and toward domestic and allied production.

And it’s exactly why XTEND is positioned the way it is.

XTEND has built a distributed manufacturing footprint across the United States, Israel, and other allied regions, allowing it to scale production as demand accelerates.

As a result, it is already NDAA-compliant and supplying U.S. defense needs. It is not reliant on Chinese supply chains.

And that positioning becomes even more important with what is shaping up to be a landmark move for XTEND, one that opens it up to investors at a relatively early stage of its growth cycle.

August 13, 2026 Timelinexxii

Landmark Merger Elevates XTEND And Opens Early-Stage Drone Company To Public Investors

One of the most important moves XTEND has made is probably its most recent.

The company is going public through a merger with JFB Construction Holdings, which is why the combined entity now trades under the JFB ticker.

This creates two major advantages.

First, it strengthens XTEND operationally.

JFB brings real-world infrastructure, project execution, and U.S.-based capabilities that plug directly into XTEND’s biggest advantage, its vertically integrated supply chain.

XTEND already operates across multiple facilities in allied regions, controlling production, assembly, and deployment of its systems.

And right now, supply chain security is one of the biggest bottlenecks in defense. This merger helps harden that edge.

It positions XTEND to expand manufacturing in NDAA-aligned jurisdictions, reduce reliance on foreign inputs, and scale faster as demand ramps.

Second, and more importantly, the merger makes the company publicly traded, increasing accessibility to investors.

This is where deals like this tend to matter most.

Because historically, the biggest gains in defense innovation happen long before the companies are fully established.

Force Protection Inc. went from roughly $1 to over $30 as MRAP demand exploded.

Armor Holdings climbed from under $10 to an $88 buyout as battlefield survivability became a priority.

Ceradyne surged from about $5 to over $40 as next-generation body armor was adopted at scale.

These may be the most exceptional cases here, but there is some form of a pattern.

And this is potentially what’s happening soon with XTEND and JFB Construction.

The process takes a company that appears in a major growth industry and brings it into the public markets.

But there’s one more critical factor, timing.

The companies have officially guided to “mid-2026” for the deal to close.

In filings, a specific date is cited: August 13, 2026.

That puts a clear window on what’s unfolding right now.

Because XTEND is stepping into this next phase with government alignment, accelerating demand, and a platform already built for where modern warfare is heading.

All of this coming together could be why XTEND (JFB) is starting to attract serious attention right now.

Triple-Digit Growth In The Drone Sector

One of the clearest ways to understand XTEND’s potential is to look at what’s already happening across the sector.

Take Red Cat Holdings (RCAT) as a comparison.

It’s a historical example that’s not indicative of future performance, but it has had a run that’s indicative of the potential here.

Red Cat is a company focused on military-grade drones and unmanned systems for reconnaissance, surveillance, and tactical missions.

And its growth tells you everything about the demand wave hitting this space. Revenue surged from $4.62 million in 2023 to $40.7 million last year.

That’s 881% growth in just two years.

That’s massive.

And there aren’t many signs of it slowing down either.

The latest Wall Street consensus estimates project another big year of growth with revenue hitting $143 million.xxiii

If that hits, that’s another 251% surge.

Although it doesn’t guarantee the price of the stock, that’s the kind of demand environment companies like Red Cat and XTEND are operating in right now.

Investors have already noticed.

In March 2024, Red Cat was trading around $0.75.

By March 2026, it hit highs of $18.78.

That’s a 2,400% move in roughly two years.

Today, it carries a market cap of about $1.5 billion.

Now compare that to XTEND.

XTEND currently has around $71 million in backlog, which is far above Red Cat’s recent annual revenue.xxiv

But because it’s still completing its merger and is a relatively new company to the public markets, it’s valued very differently.

At around $7 per share, the market cap sits near $130 million.

That’s less than 1/10th of Red Cat.

Of course, differences in valuation may reflect varying stages of development, revenue visibility, and market expectations.

But this is also the same sector, demand driver, with a completely different valuation.

And that’s where the opportunity starts to stand out.

Because when you line it up this way, XTEND (JFB) begins to look like something rare in today’s market.

A company with triple-digit growth exposure…

Trading at what could be argued as relatively early-stage valuation levels.

A growth story and a value setup at the same time.

Top 7 Reasons XTEND (NASDAQ:JFB) Could Emerge as a Leader in the $67 Billion Drone Boomxxv

  1. Policy driven growth

    This shift is not looking like an option. Executive Order 14307 and the Pentagon’s drone initiative have made scaling autonomous systems a national priority.

    Policy support may influence demand, though outcomes depend on execution, funding, and procurement cycles

  2. Early in the adoption curve where biggest moves begin

    Most investors show up after the story is obvious. XTEND is positioned before full-scale deployment and widespread adoption. That is typically where the largest re-ratings happen.

  3. Backed by Lockheed Martin’s Skunk Works

    Lockheed does not experiment at the edges. Presumably, the aerospace and defense giant’s decision to integrate XTEND’s system into advanced programs signals confidence in both performance and long-term relevance.

  4. Positioned for NDAA-driven capital flows

    Restrictions on Chinese drones are forcing a rebuild of the supply chain. Capital is being redirected toward compliant, domestic solutions. XTEND is already aligned with that shift.xxvi

  5. Built for high-risk, real-world missions

    XTEND tech is battle tested more than many newer competitors. It has been in development since 2019. This is not hobby or surveillance tech. XTEND systems are designed for room clearing, tunnels, bomb disposal, and denied environments where failure is not an option.

  6. Built to scale with U.S.-based manufacturing

    With multiple facilities already in place, XTEND is not starting from zero. It has the footprint needed to ramp production as orders increase, which is critical in a policy-driven defense cycle

  7. Newly public with early access to growth

    The merger brings a previously private platform into public markets at an early stage. Investors are getting exposure before contracts, scale, and revenue are fully reflected in the valuation.

Conclusion: The $67 Billion Shift to Drone Warfare Starts Nowxxvii

This is the start of something big.

Policy, capital, and technology are all converging into a single powerful force driving military-grade drones forward.

And Executive Order 14307 seems to be part of the entire industry’s rapid growth.

The Pentagon has already committed to deploying more than one million drones into its arsenal and onto the battlefield.xxviii

All of it feeding into what’s projected to become a $67billion market according to XTEND’s official projections.xxix

We’ve seen this pattern before with MRAPs, armor, and thermal imaging.

Each time, a small group of companies moved early. And the market rewarded them and their investors in a big way.

Now that same setup is forming again.

Only this time it’s bigger, faster, and far more scalable.

This isn’t just about more drones. It’s about entire systems, supply chains, and software platforms being rebuilt from the ground up.

XTEND (JFB) is stepping into that shift at an early stage, with real technology, growing demand, and validation from Lockheed Martin, the largest defense contractor in the world.

This is the kind of moment that creates new leaders and doesn’t wait for investors to catch up.

The timeline is already in motion, with the XTEND and JFB Construction merger progressing toward completion.

For those following triple-digit growth trends and the biggest technology shifts unfolding today, now could be the time to take a closer look at XTEND (JFB) and evaluate the company based on their own risk tolerance and investment criteria.

ihttps://www.stocktitan.net/sec-filings/JFB/425-jfb-construction-holdings-business-combination-communication-62f32d5bcc3a.html
iihttps://news.lockheedmartin.com/2025-12-18-Skunk-Works-R-and-XTEND-Expand-Joint-All-Domain-Command-and-Control-for-Advanced-Mission-Execution
iiihttps://prismmarketview.com/2026-seen-as-year-of-the-drones-as-u-s-military-spending-shifts-stifel-says/
ivhttps://prismmarketview.com/2026-seen-as-year-of-the-drones-as-u-s-military-spending-shifts-stifel-says/
vhttps://www.federalregister.gov/documents/2025/06/11/2025-10814/unleashing-american-drone-dominance
vihttps://www.stocktitan.net/sec-filings/JFB/425-jfb-construction-holdings-business-combination-communication-62f32d5bcc3a.html
viihttps://www.nasdaq.com/market-activity/stocks/rcat/financials
viiihttps://www.tipranks.com/news/article/unprecedented-demand-coming-says-needham-about-red-cat-stock
ixhttps://news.lockheedmartin.com/2025-12-18-Skunk-Works-R-and-XTEND-Expand-Joint-All-Domain-Command-and-Control-for-Advanced-Mission-Execution
xhttps://www.globenewswire.com/news-release/2026/03/04/3249367/0/en/JFB-Construction-Holdings-and-XTEND-Issue-Additional-Investor-Materials-in-Connection-with-1-5-Billion-Business-Combination.html
xihttps://www.prnewswire.com/news-releases/xtend-secures-30m-extension-to-complete-70m-series-b-to-scale-its-battle-proven-autonomous-ai-robots-across-america-302505634.html
xiihttps://www.sec.gov/Archives/edgar/data/2024306/000149315226007359/form8-k.htm
xiiihttps://www.war.gov/News/News-Stories/Article/Article/4399192/as-promised-war-department-moving-out-fast-on-drone-dominance/
xivhttps://media.defense.gov/2025/Jul/10/2003752117/-1/-1/1/UNLEASHING-U.S.-MILITARY-DRONE-DOMINANCE.PDF
xvhttps://www.stocktitan.net/sec-filings/JFB/425-jfb-construction-holdings-business-combination-communication-62f32d5bcc3a.html
xvihttps://www.reuters.com/business/aerospace-defense/us-army-buy-1-million-drones-major-acquisition-ramp-up-2025-11-07/
xviihttps://www.bloomberg.com/news/articles/2026-03-19/soaring-military-spending-adds-28-billion-to-defense-fortunes
xviiihttps://www.xtend.me/pro
xixhttps://www.stocktitan.net/sec-filings/JFB/425-jfb-construction-holdings-business-combination-communication-62f32d5bcc3a.html
xxhttps://news.lockheedmartin.com/2025-12-18-Skunk-Works-R-and-XTEND-Expand-Joint-All-Domain-Command-and-Control-for-Advanced-Mission-Execution
xxihttps://ca.investing.com/news/stock-market-news/chinas-drone-production-capacity-is-a-significant-multiple-of-that-of-the-us-4314870
xxiihttps://www.sec.gov/Archives/edgar/data/2024306/000149315226007359/form8-k.htm
xxiiihttps://www.tipranks.com/news/article/unprecedented-demand-coming-says-needham-about-red-cat-stock
xxivhttps://www.globenewswire.com/news-release/2026/03/04/3249367/0/en/JFB-Construction-Holdings-and-XTEND-Issue-Additional-Investor-Materials-in-Connection-with-1-5-Billion-Business-Combination.html
xxvhttps://www.stocktitan.net/sec-filings/JFB/425-jfb-construction-holdings-business-combination-communication-62f32d5bcc3a.html
xxvihttps://www.lawfaremedia.org/article/latest-ndaa-supports-ai-safety–innovation–and-china-decoupling
xxviihttps://www.stocktitan.net/sec-filings/JFB/425-jfb-construction-holdings-business-combination-communication-62f32d5bcc3a.html
xxviiihttps://www.reuters.com/business/aerospace-defense/us-army-buy-1-million-drones-major-acquisition-ramp-up-2025-11-07/
xxixhttps://www.stocktitan.net/sec-filings/JFB/425-jfb-construction-holdings-business-combination-communication-62f32d5bcc3a.html

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Think Ink Marketing is the Publisher’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Publisher is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks.

 

IMPORTANT NOTICE AND DISCLAIMER

This website is owned and hosted by Tycona Media Ltd. Articles appearing on this website should be considered paid advertisements. Tycona Media Ltd. and its owners, managers, employees, and assigns (collectively “the Website Host”) is often paid by marketing companies to host websites on which articles profiling public companies are published. The Website Host has not been compensated by any of the profiled companies. The Website Host’s compensation for articles appearing on this website is as follows:

The Website Host has been paid approximately $500 per month while the advertisement campaign is active by Think Ink Marketing as compensation to host the article profiling JFB Construction (“JFB”).

SHARE OWNERSHIP

The Website Host does not own any shares of any profiled compannies and has no information concerning share ownership by others of any profiled companies. The Website Host cautions readers to beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you read the articles on this website and this has the potential to hurt share prices. Frequently companies profiled in such articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases.

NO SECURITIES OFFERED

The articles on this website are not, and should not be construed to be, offers to sell or solicitations of an offer to buy any security. Neither the articles on this website nor the Website Host purport to provide a complete analysis of JFB or its financial position. The Website Host is not, and does not purport to be, a broker-dealer or registered investment adviser. The articles on this website are not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about JFB Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in JFB’s SEC, SEDAR and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk.

INDEMNIFICATION/RELEASE OF LIABILITY

By reading articles on this website, you acknowledge that you have read and understood this disclaimer, and further that to the greatest extent permitted under law, you release the Website Host, its affiliates, assigns and successors from any and all liability, damages, and injury from articles appearing on this website. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.

LINKS TO THIRD PARTY WEBSITES

This website enables users to link to external websites not under the control of The Website Host. The Website Host has no control over the nature, content, and JFBlability of those sites. The inclusion of any links is not intended as, and should not be construed as, a recommendation or endorsement of the content or views expressed on such external websites. The Website Host expressly disclaims any representation concerning the quality, safety, suitability, or reliability of any external websites and the content and materials contained in them. It is important for users to take necessary precautions, especially to ensure appropriate safety.

INTELLECTUAL PROPERTY

Market Tactic is the Website Host’s trademark. All other trademarks used in this communication are the property of their respective trademark holders. The Website Host is not affiliated, connected, or associated with, and is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Website Host to any rights in any third-party trademarks.

FORWARD LOOKING INFORMATION

This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding JFB’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to JFB’s industry; (b) market opportunity; (c) JFB’s business plans and strategies; (d) services that JFB intends to offer; (e) JFB’s milestone projections and targets; (f) JFB’s expectations regarding receipt of approval for regulatory applications; (g) JFB’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) JFB’s expectations regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute JFB’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) JFB’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) JFB’s ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) JFB’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of JFB to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) JFB’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact JFB’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing JFB’s business operations (e) JFB may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.

HISTORICAL INFORMATION

Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of JFB or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of JFB or such entities and are not necessarily indicative of future performance of JFB or such entities.