News, events about Drone Delivery Canada CSE:FLT

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1 month 2 weeks ago #122970 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
150,000 routes, that is a huge number

Stock traded 5.3 million so far, news got some traction

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1 month 2 weeks ago #122969 by lynnsa10
lynnsa10 replied the topic: News, events about Drone Delivery Canada CSE:FLT
Great news today

2019-06-04 08:32 ET - News Release


Mr. Tony Di Benedetto reports

DRONE DELIVERY CANADA ANNOUNCES COMMERCIAL AGREEMENT WITH AIR CANADA

Drone Delivery Canada Corp. has entered into an agreement with Air Canada effective May 29, 2019, whereby Air Canada Cargo will market and sell Drone Delivery's drone delivery services in Canada using Air Canada Cargo's marketing and sales platforms and resources.

Pursuant to the terms of the agreement and subject to Drone Delivery obtaining required regulatory approvals, Drone Delivery will build and operate up to 150,000 drone delivery routes in Canada. These routes will include timetables, flight schedules, payload capacities, type of drones to be deployed and payment terms. Drone Delivery's services will be marketed as a premium offering, and Air Canada Cargo has agreed that it shall not use or engage with any other drone delivery service providers.

Air Canada Cargo has agreed to sell, market and promote Drone Delivery's drone delivery services on the agreed routes, leveraging Air Canada Cargo's expertise in the cargo world, brand presence and sales network.

"This agreement greatly accelerates our commercial rollout in Canada," commented Tony Di Benedetto chief executive officer of Drone Delivery. "Our drone delivery services will be extensively marketed as we work to establish operations across the country leveraging Air Canada Cargo's brand presence and their established sales network and marketing reach. DDC will benefit from Air Canada's Cargo's expertise and ability to promote and sell DDC services through Air Canada Cargo's industry-leading marketing and sales technology channels in Canada, which will support our efforts to establish DDC as Canada's first national drone cargo solution. Next, DDC hopes to pursue even larger markets in the United States and Europe."

"Air Canada is pleased to partner with Drone Delivery Canada, a leading player in today's emerging drone industry. We believe drone technology has the potential to offer the cargo community cost-effective solutions to complex issues related to supply chain distribution in non-traditional markets, including remote communities in Canada. It is another way Air Canada Cargo is innovating and engaging with new technologies, such as artificial intelligence and digital technologies, which are transforming the cargo landscape," said Tim Strauss, vice-president, cargo, at Air Canada.

Mr. Strauss is also an independent member of the advisory board of Drone Delivery.

The initial term of the agreement is 10 years from the effective date of May 29, 2019. The routes to which the agreement applies shall be agreed by the parties and shall be subject to Drone Delivery obtaining required regulatory approvals. Once routes are approved by the applicable regulatory authorities, the particular terms of the routes, including payment terms to Drone, will be determined in the context of each applicable route and disclosed in subsequent press releases.

GMP Securities LP acted as financial adviser to Drone Delivery.

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1 month 2 weeks ago #122963 by DearJohn
DearJohn replied the topic: News, events about Drone Delivery Canada CSE:FLT
still halted, thought there would be news by now

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1 month 2 weeks ago #122951 by alexgreat
alexgreat replied the topic: News, events about Drone Delivery Canada CSE:FLT
stock is halted news coming

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2 months 2 weeks ago #122738 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
Ended up a good call by Ron, the stock has seen a decent rally last two weeks

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3 months 6 days ago #122601 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
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.

The Company initially issued 8,350,000 Shares and 4,175,000 Warrants for gross proceeds of $10,020,000 on March 25, 2019. Upon closing of the over-allotment option, the Company will have raised aggregate gross proceeds of $10,502,352.

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3 months 1 week ago #122541 by alexgreat
alexgreat replied the topic: News, events about Drone Delivery Canada CSE:FLT

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3 months 2 weeks ago #122529 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Most of the selling last 2 days was Anonymous and TD, about the same amount each. TD was probably retail - sellers washing out at the bottom. You know, the buy high, sell low crowd

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3 months 2 weeks ago #122528 by Gambler
Gambler replied the topic: News, events about Drone Delivery Canada CSE:FLT
Last 2 days was higher volume and stock goes down, today low volume and it is up

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3 months 2 weeks ago #122523 by JunglistGuy
JunglistGuy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Check this video out. Amazon is great at promotion and really is full of hot air

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3 months 2 weeks ago #122522 by GoldnBoy
GoldnBoy replied the topic: News, events about Drone Delivery Canada CSE:FLT
Great video, the stock should be a lot higher. I bought some more and here is latest depth
Attachments:

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3 months 2 weeks ago #122517 by DearJohn
DearJohn replied the topic: News, events about Drone Delivery Canada CSE:FLT
Thanks Lynnsa, great video, I like just after 3 minute mark, Air Canada VP says DDC is 3 or 4 years ahead of the competition globally, WoW!!!!

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