MONTREAL — Lightspeed Commerce Inc. is cutting its revenue outlook as it sees worsening economic conditions.

The company says it now expects year-over-year revenue growth of about 18 per cent for its 2025 financial year, which ends on March 31.

The outlook is down from earlier expectations from growth of about 20 per cent.

Lightspeed says that since reporting its third-quarter results on Feb. 6 that macroeconomic conditions have deteriorated leading to a decline in same-store sales.

The company continues to expect adjusted earnings before interest, taxes, depreciation and amortization of over $53 million for the financial year.

The updated outlook comes ahead of Lightspeed’s capital markets day at the New York Stock Exchange on Wednesday.

This report by The Canadian Press was first March 24, 2025.

Companies in this story: (TSX:LSPD)

The Canadian Press

(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – March 24, 2025) – Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the ” Company ” or ” Cathedra “), a bitcoin company that develops and operates digital infrastructure assets is pleased to announce that it has favorably restructured its outstanding indebtedness as set forth below.

The Company entered into a repayment agreement dated March 19, 2024 (the ” Repayment Agreement “), with the holder (the ” Creditor “) of the outstanding 3.5% senior secured convertible debentures of the Company due November 11, 2025 (the ” Debentures “), pursuant to which, the Company paid the Creditor C$4,586,982 (the ” Repayment Amount “) plus accrued interest to settle the entire outstanding principal amount of the Debentures of C$5,733,728 (the ” Outstanding Principal Amount “), implying a 20% discount to par on the Outstanding Principal Amount. In addition, the Creditor agreed to surrender 10,897,000 warrants of the Company (the ” Warrants “) to the Company for cancellation. Each Warrant was exercisable for one subordinate voting share of the Company (a ” Warrant Share “) at a price of C$0.12 per Warrant Share until November 11, 2026, subject to acceleration in certain circumstances.

The Company has entered into a new loan of US$2,494,693 (the ” Loan “) to partially repay the Outstanding Principal Amount of the Debentures. The Loan is secured by approximately 50 of the Company’s bitcoin; carries interest at a rate of 13.0% per annum, payable monthly; and is interest-only until maturity on March 18, 2026.

By retiring the Debentures at a discount with a mix of proceeds from the Loan and cash on-hand, the Company has reduced its outstanding debt obligations by approximately C$2,155,800; prevented potential dilution by eliminating 10,897,000 warrants at no additional cost; and replaced the all-asset lien from the Debentures with a more favorable security arrangement under the new Loan consisting of only 50 bitcoin, freeing the Company to manage its balance sheet with greater flexibility.

About Cathedra Bitcoin Inc.

At time of publishing, the Company holds approximately 52.5 bitcoin worth approximately US$4.4 million and amounting to approximately 6 satoshis (or “sats”) per share.

Cathedra Bitcoin Inc. develops and operates digital infrastructure assets across North America with the goal of maximizing its per-share bitcoin holdings. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data center in North Dakota, a joint venture in which Cathedra was a 25% partner. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF. For more information about Cathedra, visit cathedra or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.

For more information about Cathedra, visit cathedra or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin .

Media and Investor Relations Inquiries

Please contact:

Antonin Scalia
Chief Executive Officer
+1 (604) 259-0607
…

Forward Looking Statements

This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, including statements about the Debentures and repayment of the Loan, the proceeds thereof and the use of such proceeds, are forward-looking information. Forward-looking information contained in this news release includes but is not limited to the goal of maximizing its per-share bitcoin holdings. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.

Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: the inability to repay the Loan; the inability to apply the proceeds of the Loan as anticipated; changes in the Company’s relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh; the risks and uncertainties associated with foreign markets; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine Bitcoin is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; and the power purchase agreements and economics thereof may not be as advantageous as expected. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. For further information concerning these risks and uncertainties and other risks and uncertainties, please see the Company’s filings under the Company’s SEDAR+ profile on , including but not limited to the Company’s management information circular dated June 18, 2024 and the Company’s most recent interim and annual management discussion and analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended and such changes could be material, including factors that are currently unknown to or deemed immaterial by the Company. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit

SOURCE: Cathedra Bitcoin Inc.

MENAFN24032025004218003983ID1109349261

I have more than $50,000 of unused tax-free savings account contribution room that I am planning to use up now that I have inherited some cash. However, I am nervous about the global economy and wonder if it would be better to hold off until the dust settles with all the tariffs. What do you recommend?

While I understand your desire to avoid short-term losses, the problem with waiting “until the dust settles” is that stocks could be trading higher by then. As counterintuitive as it may seem, if you’re a long-term investor the best time to put money to work is when headlines are overwhelmingly negative and people are full of fear. This is often when stock market valuations are most attractive.

Stock indexes are already well off their highs. As I’m writing this on Friday, the S&P 500 and Nasdaq Composite Index, for instance, are down 8.6 per cent and 12.5 per cent, respectively, from their peaks earlier this year, indicating that markets have already priced in at least some of the damage that trade wars are expected to inflict on the economy and corporate earnings. A pullback in the “Magnificent Seven” tech stocks has also contributed to the downdraft.

Canada’s benchmark S&P/TSX Composite Index has held up comparatively well, with a drop of about 4 per cent from its record high in January. This reflects, among other things, the Canadian index’s relatively light weighting in technology and strength in Canadian gold producers as bullion prices have hit record levels amid the economic and geopolitical uncertainty.

If you’re nervous about investing the entire $50,000 all at once, you could dollar-cost average by deploying, say, $5,000 each month over the next 10 months. But studies have shown that investing a lump sum usually produces superior returns. That’s because, over the long run, the market generally rises. Sure, you might get unlucky and invest right before a market downturn, but you might also catch an uptrend.

More important than your timing is how you plan to invest your money. Buying a basket of well-established companies that pay rising dividends – such as Canadian banks, pipelines, utilities, power producers and real estate investment trusts – can help to control your risk. If you’re not comfortable owning individual stocks, investing in exchange-traded funds that track major Canadian and U.S. indexes is a great solution.

Finally, remember to focus on the long run. Nobody knows where stock prices are heading next week or next month, but over longer periods markets tend to rise as companies churn out growing profits. As Warren Buffett famously said: “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.”

Regarding your recent articles on Plaza Retail Real Estate Investment Trust PLZ-UN-T, perhaps you’ll explain how you can champion a stock that has a share price 30-per-cent lower than it was 10 years ago?

First, let me correct your math.

On Friday March 14, 2025 – the date of my most recent column on Plaza – the units closed at $3.79 on the Toronto Stock Exchange. Ten years earlier, on Friday March 13, 2015, the units closed at $4.36. That’s a decline of about 13 per cent, not 30 per cent.

But looking solely at the price decline over the past decade is misleading, because Plaza – like most REITs – also pays a monthly distribution, which currently yields about 7.4 per cent on an annual basis.

Including distributions, and assuming they were reinvested in additional units, Plaza’s total return over the past decade was 64.4 per cent, or about 5.1 per cent on an annualized basis. That’s not going to win any stock-picking contests, but it’s hardly a disaster. In fact, it’s about average for the REIT sector over the past 10 years.

And let’s not forget that the past decade included the COVID-19 pandemic and a sharp rise in interest rates, both of which were major headwinds for REITs, many of which cut their distributions. Plaza did not.

But that is all in the past. The only thing that matters now is how Plaza will perform in the future. As I said in my previous columns, many analysts have a favourable view of Plaza, citing its strong base of tenants, growing demand for retail space, rising rents and solid pipeline of development projects.

Now, ask yourself a question: All else being equal, would you rather invest in a company when its share price is high, or when it is low? I don’t know about you, but when I’m at the grocery store I always look for items that are on sale. It’s the same for stocks.

To be clear, I’m not expecting huge capital gains for Plaza or any of the other REITs I own. I buy them primarily for the steady income they produce and consider any capital growth a bonus. There are risks with any investment, so be sure to do your own due diligence before investing in any security.

In February, you mentioned in your column that you purchased additional Brookfield Infrastructure Partners LP BIP-UN-T units for your model Yield Hog Dividend Growth Portfolio. Since then, the units have dropped by about 14 per cent. With the sharp decline, should I still hold on to BIP.UN?

You’ll have to decide that for yourself, but I have no plans to sell. A drop of that magnitude isn’t unusual, and certainly nothing to be alarmed about, given the tariff turmoil and geopolitical uncertainty buffeting markets. Brookfield Infrastructure’s business remains sound, its units yield an attractive 6 per cent, and I expect that the partnership’s cash flow and distribution will continue to grow for many years to come.

Disclosure: the author owns units of PLZ.UN and BIP.UN personally, and holds BIP.UN in his model Yield Hog Dividend Growth Portfolio. View the portfolio online at tgam.ca/dividend-portfolio

E-mail your questions to jheinzl@globeandmail.com. I’m not able to respond personally to e-mails but I choose certain questions to answer in my column.

TSX dips but still posts biggest weekly gain since November

CANADA-STOCKS/ (UPDATE 2):CANADA STOCKS-TSX dips but still posts biggest weekly gain since November

Reuters

Published22 Mar 2025, 02:06 AM IST

*

TSX ends down 0.4% at 24,968.49

*

For the week, the index adds 1.7%

*

Materials group falls 1% as gold retreats

*

Canada cancels capital gains tax hike

By Fergal Smith

March 21 – Canada’s main stock index gave back some of its weekly gains on Friday, including declines for mining and industrial shares, as the focus returned to U.S. tariff uncertainty after some recent policy decisions from a number of major central banks.

Toronto Stock Exchange’s S&P/TSX composite index ended down 91.75 points, or 0.4%, at 24,968.49. For the week, the index was up 1.7%, its biggest weekly gain since November.

U.S. stocks clawed back losses to end slightly higher after comments from U.S. President Donald Trump provided hope that previously announced tariffs expected to begin in early April may not be as onerous as feared.

U.S. tariffs on steel and aluminum have already been raised. Canada is a major producer of both.

“We are selectively adding to risk assets,” said Joseph Abramson, co-chief investment officer at Northland Wealth Management, adding that the firm particularly likes U.S. banks, which could benefit from a domestic focus and U.S. financial deregulation, but is more hesitant about jumping into Canadian stocks.

“We are still very much in a policy-driven market and that is particularly true for Canada because battling a trade war with somebody much bigger than you is difficult when you’re in a weak bargaining position,” Abramson said.

The Federal Reserve left interest rates on hold on Wednesday but policymakers indicated they still anticipate reducing borrowing costs this year.

The materials group, which includes metal mining shares, fell 1% as the price of gold pulled back from a record high. Consumer discretionary lost 0.8% as data showed Canadian retail sales falling 0.6% in January and likely declining a further 0.4% in February. Industrials ended 1% lower.

Technology helped limit the TSX’s decline, adding 0.7%.

Canada will cancel a proposed hike in the capital gains inclusion rate, ending an increase in the tax on investment profits that had been widely criticized by industry.

This article was generated from an automated news agency feed without modifications to text.

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Telus T-T shares sank after a downgrade by Bank of America, amid concerns from analysts and a debt rater that the company could be challenged to reduce its high leverage and meet dividend payout goals in its targeted timeframe.

On Friday, Bank of America downgraded Telus from a buy to a neutral rating, and its price target from $24 to $22, saying the company faced a series of headwinds, but that those challenges could be addressed in the long term. The company’s share price was down 4.7 per cent in afternoon trading on the Toronto Stock Exchange.

Analyst Matthew Griffiths said the concerns rested on Telus’s leverage, a dividend greater than free cash flow, and a free cash flow figure that includes revenue from subsidiary Telus Digital that does not contribute to dividend payments.

“Given its challenges and current premium valuation, we believe the stock is fairly valued at current levels,” Mr. Griffiths wrote in his report, issued Friday.

In February, Veritas Investment Research analyst Liam Gallagher pointed out in a note to investors that Telus consolidates its results with subsidiary Telus Digital, in which it has a 58-per-cent stake. That means that the subsidiary’s free cash flow of about $400-million is lumped in with Telus’s free cash flow, despite that amount not historically being available to pay the parent company’s dividends.

After accounting for this and other adjustments, such as incorporating the value of the dividends paid in shares, Mr. Gallagher estimated that the company’s 2024 payout ratio was 140 per cent in its 2024 financial year, will rise to 148 per cent in 2025, and will decline to 103 per cent by 2027 “in an optimistic scenario.“ As of Dec. 31 Telus said it calculated its payout ratio as 81 per cent.

While he said he doesn’t expect an imminent dividend cut, he said he is doubtful the company can eliminate the dividend reinvestment plan any time soon, and needs a “goldilocks scenario” to achieve its targets.

Telus currently has about $29-billion in total debt. In its latest quarter, Telus said it is targeting a leverage ratio (net debt to EBITDA) of 3 for the end of the 2027 financial year, down from 3.9 per cent at 2024 year end. Telus has set a goal of reducing its payout ratio to between 60 and 75 per cent, but calculates it differently.

The company plans to remove the discount on its dividend reinvestment plan (DRIP) in 2027. Last month chief financial officer Doug French said the discount was first added to the DRIP when the company needed cash for spectrum auctions, but its immediate cash needs are declining. The company is aiming to prioritize paying investors in cash rather than issuing new shares.

The company also said last month it planned to raise money to pay down debt by selling non-core assets, decommissioning its copper and signing a partner for its Telus Health subsidiary, and possibly selling towers.

BofA analyst Mr. Griffiths said that while it is possible for the company to reach its 2027 leverage and payout targets, he expects the company to fall short. Veritas analyst Mr. Gallagher estimates that the company will fall short of covering its free cash flow by 2027, “meaning it won’t be able to eliminate the DRIP discount.”

On March 3, S&P Global Ratings downgraded the company’s credit rating and debt, noting that the elevated competitive telecom environment and macroeconomic unpredictability, including slowing immigration and lower discretionary spending, could put pressure on the company’s revenue growth.

“In essence, the timeliness (and eventual amount) of asset divestitures, potential removal of the DRIP, coupled with rising competitive risks, pose a risk that Telus’ leverage could remain high for more than two years, in our opinion,” the credit rater said.

Crypto firm Gemini announced that it will serve as the custodian for the newly launched Evolve Levered Bitcoin ETF (LBIT) and Evolve Levered Ether ETF (LETH). These ETFs began trading on the Toronto Stock Exchange on Tuesday.

As per the official statement, Both ETFs are designed to provide investors with leveraged exposure to the crypto market, aiming to amplify returns while adhering to strict security and regulatory standards. The launch marks a milestone as Canada’s first modestly leveraged crypto ETFs available to retail investors, offering a new level of flexibility and opportunity in the crypto space.

Unlike traditional leveraged ETFs that rely on derivatives, the Evolve ETFs will use cash borrowing to enhance returns. This plan aims to optimize the costs associated with leverage while maintaining a 1.25x exposure to Bitcoin and Ethereum. The strategy thus plans for a balanced approach to risk and reward, making the funds an appealing choice for those looking to capture potential upsides in the volatile crypto market.

Evolve is involved in creating products that cater to both institutional and retail investors. Gemini’s involvement as custodian underscores the growing partnership between traditional financial institutions and the digital asset space.

Gemini, known for its strong security measures, has earned SOC 1 Type 2 and SOC 2 Type 2 certifications from Deloitte that ensures that all assets under its custody are securely segregated.

Also Read: State Street: Crypto ETF Assets to Surpass Precious Metals by Year-End

Written by
Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. Passionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.

As institutional exposure to cryptocurrencies surge, key players are continuing to bring innovative and flexible investment products to meet this burgeoning demand. This, according to recent update from digital assets firm Gemini.

Gemini is pleased to announce that they will serve as the custodian to the Evolve Levered Bitcoin ETF and Evolve Levered Ether ETF which began trading on the Toronto Stock Exchange on Tuesday under the TSX ticker symbols “LBIT” and “LETH.”

Both ETFs offer investors leveraged exposure to the world of crypto, enabling the potential for “amplified returns while maintaining high standards of security and regulatory compliance.”

As Canada’s “first” modestly leveraged crypto ETF offerings available to retail investors, these products exemplify the spirit of innovation “that defines today’s rapidly changing digital assets industry.”

Evolve’s levered crypto ETFs offer flexible, “leveraged exposure to the crypto ecosystem in the form of bitcoin with LBIT and Ethereum with LETH.”

Unlike traditional levered ETFs that use derivative strategies, these products will rely on cash borrowing “to amplify returns that will optimize the costs of the leverage for the funds.”

By providing 1.25X exposure, the ETFs offer a “balanced blend of risk and reward, making them an attractive option for those looking to capture the upside of crypto market movements.”

Evolve has consistently pushed industry boundaries by “designing investment solutions that cater to both institutional and retail investors, and their collaboration reflects our mutual commitment to furthering this field of crypto investment.”

Investors can reportedly trade with confidence, as Gemini has “received certifications for SOC 1 Type 2 and SOC 2 Type 2 security examinations by Deloitte, ensuring that all assets under their care are segregated on our internal ledger for the benefit of fund owners.”

The launch of Evolve’s levered crypto ETFs represents “an advancement for the digital assets space.”

These products will play a central role in driving “broader adoption of digital assets by offering innovative, regulated investment solutions.”

Gemini concluded that they’re pleased to support Evolve in this venture, and tthey look forward to partnering “on future initiatives that continue to bridge the gap between the rapidly evolving digital asset landscape and mainstream financial markets.”

(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – March 20, 2025) – NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (“NorthStar” or the “Company”) is once again raising the stakes and offering a total prize pool of up to $100,000 to be won.

NorthStar is today unveiling the launch of three new online tournaments spanning popular gaming categories – Live Blackjack, Slots and Sports betting. The Spring tournament Series offers a premium, consumer-driven experience and a variety of opportunities for players to participate with tournaments running concurrently from March through April, 2025. Innovative formats, progressive prize pools and interactive leaderboards will keep NorthStar players engaged throughout the series.

The all-new trifecta spring tournaments build on the success of last fall’s NorthStar Blackjack Championship event in Ontario, which helped drive the acquisition of new high-value players and engagement for existing customers while increasing Blackjack wagering activity. These tournaments complement the premium gaming experience and robust spring promotional calendar and support the positioning idea that “Tournaments Live at NorthStar Bets.”

“We plan to run innovative tournaments on an ongoing basis to establish a differentiated market niche consistent with our premium positioning,” said Michael Moskowitz, Chair and CEO of NorthStar. “With these latest events, we are ‘productizing’ the custom development work we initially undertook for the Blackjack Championship to extend into a promising new category. Our aim is to increase the sense of community and exclusivity for NorthStar Bets players and bring more of the excitement of the casino experience to online betting.”

Image 1

To view an enhanced version of this graphic, please visit:

The tournaments set to launch in the coming weeks include the following:

NorthStar Blackjack Spring Open . Players move up the leaderboard with consecutive win streaks, competing for a total prize pool of $30,000. The event begins March 21 and concludes April 3.

NorthStar 50 Grand Slots Showdown . The $50,000 prize pool will be distributed in a series of 30 daily tournaments with players collecting points on the basis of win-to-bet ratio. There will be a rotation through a variety of Slots games over the course of the tournament, which will run from March 28 to April 26.

NorthStar Parlay Playoff . Players will compete for a maximum $25,000 prize pool by winning parlay bets on sporting events of their choosing. Points will be awarded based on winning odds, ranking up the leaderboard. The tournament features an innovative progressive prize pool, with $10 of each eligible stake funding the jackpot which starts at $10,000 and grows to $25,000. There is also a bonus $5,000 cash prize for the player that has the highest winning odds on a single parlay wager. The event will run from March 31 to April 13.

The tournaments are open to all players registered on NorthStar Bets online platforms. Additional details and contest rules are available at .

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the Toronto Stock Venture Exchange under the symbol BET and in the United States on the OTCQB under the symbol NSBBF. For more information on the company, please visit: .

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains “forward-looking information” within the meaning of applicable securities laws in Canada (“forward-looking statements”), including without limitation, statements with respect to the following: expected performance of the Company’s business, player engagement levels, and the recurrence of online tournaments. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the “Risk Factors” section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at . Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

MENAFN20032025004218003983ID1109339344