The Nougat update for the LG G Pad III 8.0 has been released. Specifically, Canadian carrier Fido has started rolling out the update to units on its network. The update bumps the Android version to 7.0.
Given the fact that it's an OTA roll out, it might take some time for the update to hit your device. Meanwhile, if you feel impatient, you can manually check for the update by heading to your handset's Settings menu.