I have not seen the series, but I have read notices and reactions from disgruntled fans because they have decided to cancel it. It's a shame that they cancel a series. The third season is the last, I hope they give it a dignified closure out of respect for the fans.
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Netflix has a long history of cancelled series and many of them, unfortunately, are left with a completely open ending (like File 81, for example) and that there is no choice for the viewer but to have to deal with the unpleasant fact that there will be no more story to tell. In a way I'm relieved that they didn't cancel Locke & Ley like that and at least gave it a chance to close with a third season.
I hope Netflix doesn't disappoint us with this third installment, we'll see what happens!