Home Financial Markets Penny Stocks Here is why Drone Delivery Canada Corp (OTC: TAKOF) serves as a...

Here is why Drone Delivery Canada Corp (OTC: TAKOF) serves as a beacon for investors

What Happened

In the past day, the Drone Delivery Canada Corp has been trading in the day range of $1.8100 to $1.5820, closing down -5.26 percent on Thursday at $1.6200. TAKOF’s shares gained 47.5% over the last month, with nearly 2.44M shares traded. TAKOF shares gain more than 201.12% in the previous three months, while the average trading volume is 1.04M.

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It’s all about getting right to the heart of this matter, so how about quickly acknowledging that the public Company deeply invested in the rapidly growing drone market has no debt and has over 20 million dollars on hand.

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If you are impressed by that, let’s find out few more details:

This is the story about Drone Delivery Canada Corp. The firm is a publicly-traded, pioneering, disruptive technology company dedicated to creating and implementing its own drone-based logistics systems for its customers within the government, commercial, industrial and retail sectors.

In contrast, the Company’s balance sheet is one of the most healthy we have seen recently, thanks to innovation in drones and its model’s execution.

Drone Delivery’s press release, dated January 26, 2021, is exciting. New permissions introduced by the U.S. Federal Aviation Administration for commercial drone activity have been appreciated by the Company.

Furthermore, there appears to have been a significant expansion by the FAA to provide delivery services in vast areas previously forbidden for drone operators. That would seem to be mandatory for eventual distribution via drones. This appears to be the trend with regulators globally as well, as drones gain traction, incrementally fuelled by new use cases.

Moreover, in July 2020, the Company announced that it would begin its entry into the U.S. markets, ripe for drone deliveries in industrial, commercial, and residential applications. And those who recognize the enormous United States market will probably need to consult an analyst.

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A successful entry will allow the Company to expand operations in the United States, which would increase the Company’s revenue sources for the foreseeable future, in addition to domestic sources currently.  The Company also announced Letters of Intent in 2020 for Africa and India’s growing markets – which are embracing drone technology rapidly.

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