DFLYF - Drone Delivery Canada Corp. Is As Speculative As The Industry Peers
- Drone businesses have seen their valuations multiply recently, reaching all-time highs in February 2021, before coming down somewhat over the course of March.
- Drone Delivery Canada Corp. was one company with a run-up in share prices. Two of the industry peers, Draganfly and Alpine 4 Technologies, had a simultaneous surge.
- Drone Delivery Canada Corp. has virtually no revenue yet and the services are still in testing. There's no financial basis for a multiplying share price. It's a purely speculative run-up.
- Investors should be cautious with investing in Drone Delivery Canada Corp., just as with the peers. The company will run out of cash soon and new funding will be needed.
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Drone Delivery Canada Corp. Is As Speculative As The Industry Peers