- 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.
For further details see:
Drone Delivery Canada Corp. Is As Speculative As The Industry Peers