Business
Drone Delivery Canada Bolsters Balance Sheet
Drone Delivery Canada Bolsters Balance Sheet Canada NewsWire TORONTO ...
About this update from Volatus Aerospace Inc.
[{"type":"text","content":"\n \n \n \n Drone Delivery Canada Bolsters Balance Sheet\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 24, 2021\n \n /CNW/ - Drone Delivery Canada Corp. (TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ or ABB.F) (the \"\n \n Company\n \n \" or \"\n \n DDC\n \n \") has further bolstered its balance sheet by\n \n $13 million\n \n as a result of a recent influx of incremental cash.\n \n \n Based on 2020 Q3 filings and adding the net proceeds from the financing raise in\n \n December 2020\n \n , the company had approximately\n \n $26 million\n \n in cash and cash equivalents on hand.  Incremental to that, the Company has received approximately\n \n $13 million\n \n as a result of the exercise of outstanding convertible securities.  The Company continues to have no debt.\n \n \n The Company recently was named to the 2021 OTCQX BEST 50 companies.\n \n \n \n About Drone Delivery Canada Corp.\n \n \n Drone Delivery Canada Corp. is a drone technology company focused on the design, development, and implementation of its proprietary logistics software platform, using drones. The Company's platform will be used in a Software as a Service (SaaS) model for government and corporate organizations globally.\n \n \n Drone Delivery Canada Corp. is a publicly listed company trading on the TSX.V Exchange under the symbol FLT, on the U.S. OTC QX market under the symbol TAKOF and on the\n \n Frankfurt\n \n exchange in\n \n Germany\n \n under the symbol A2AMGZ or ABB.F .\n \n \n Read more about the Company at:\n \n www.DroneDeliveryCanada.com\n \n or on DDC's social media:\n \n \n \n https://www.linkedin.com/company/drone-delivery-canada\n \n \n \n \n https://www.youtube.com/dronedeliverycanada\n \n \n \n \n https://www.facebook.com/dronedeliverycanada\n \n \n \n \n https://www.instagram.com/dronedeliverycanada\n \n \n \n \n https://twitter.com/DroneDeliveryCa\n \n \n \n Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts r...