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Drone Delivery Canada Corp. (C:FLT)

Business Focus: Commercial Aircraft Manufacturing

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for FLT within the last 6 months
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Company News

May 01, 2019 16:30 ET
Drone Delivery Canada Corp. Announces Resignation of Director
Toronto, Ontario--(Newsfile Corp. - May 1, 2019) - Drone Delivery Canada Corp. (TSXV: FLT) (OTC: TAKOF) (the "Company") announces that Spencer Todd tendered his resignation as a Director of the Company effective April 29, 2019 due to a conflict of interest.
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Apr 12, 2019 10:04 ET
Drone Delivery Canada Corp. Announces Exercise of Over-Allotment Option for Additional Gross Proceeds of $482,352
Toronto, Ontario--(Newsfile Corp. - April 12, 2019) - Further to its press releases dated March 6, 2019 and March 25, 2019, Drone Delivery Canada Corp. (TSXV: FLT) (OTCQB: TAKOF) (the "Company") is pleased to announce that in connection with its previously announced bought-deal prospectus offering (the "Offering") underwritten by GMP Securities L.P., Canaccord Genuity Corp. and Echelon Wealth Partners Inc. (collectively, the "Underwriters"), the Underwriters have partially exercised their over-allotment option, today purchasing an additional 344,200 common shares in the capital of the Company (each a "Share"), and 626,250 Share purchase warrants of the Company (each whole such warrant a "Warrant") for additional proceeds of $482,352. Each Warrant entitles the holder to purchase one Share at a price of $1.50 until March 25, 2021. If the volume weighted average price of the Shares on the TSX Venture Exchange (the "TSXV") is equal to or greater than $2.00 for a period of 10 consecutive trading days, then the Company may within ten business days accelerate the expiry date of the Warrants to the date that is 30 days following the date on which the Company issues notice to all the Warrant holders of the new expiry date. The Company will also issue a press release on the same date as it issues notice confirming the new expiry date of the Warrants.
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Valuation Ratios

Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
--
--
3.91
Price to Book - most recent quarter
15.91
--
2.38
Price to Cash Flow per share - TTM
--
--
9.66
Price to Free Cash Flow per share - TTM
--
--
26.04
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Short Report

DateNumber of Shares ShortedNet Change
Dec 31, 196900
Dec 31, 196900
Dec 31, 196900
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Business Summary

Sector:  Industrials Industry:  Aerospace & Defense

Drone Delivery Canada Corp., formerly Asher Resources Corporation, is a drone technology company. The Company focuses on the design, development and implementation of a commercial drone logistics platform for restaurants, pharmacies, service organizations and retailers, among others. Its flight systems cover various aspects of an unmanned aerial vehicle (UAV) from the operational component and integrate the logistics integration. The operational platform includes operational guidance, route planning, geo-fencing, alerts, telemetry, maintenance, logs, and preventative maintenance scheduling and tracking. It also integrates Super Materials, such as Graphene and Carbon Fiber, into its cargo drone units to develop logistics platform. The drone delivery services include Depot to Depot that focuses on rural applications providing services from warehouse to warehouse, and Depot to Consumer offering logistics services from a retailer/warehouse direct to a consumers home or business location.

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