RE:RE:MondayIt’s hard to say where this stock will go. There is certainly potential for up or down. Depends on industry development as much as it depends on environmental factors. Wouldn’t be still holding if I wasn’t still in the green.
Drones are still a relatively new market. However, if you research the competition and drone segment in general there is certainly usefulness and this company has so much to offer that others aren’t capable of currently. Zipline proved the usefulness of drones for just on time supply chains, waste reduction and decreased transportation costs. They are the first drone company in the world to have a country wide distribution setup and functional. Drone delivery Canada swooped into their territory after the onset of covid and has an outstanding letter of intent with Kenya to do something very similar. This letter of intent was signed after zipline expressed interest but diverted attention to COVID opportunity with Walmart in the US away from their mission and vision. While many companies flocked to retailers to take advantage of covid and try to enter the market Canada Drone Delivery focused on their goals of business to business which had little competition. The Edmonton air port is likely just the start of the news. I’m sure we will here something soon about other contracts considering their partners in Kenya were approved for out of sight drone delivery which was not covered in DDC news updates a few months ago.
Aircanada recently announced strategic changes to increase freight. The new routes will start in September. Previous news expressed the partnership between drone delivery Canada and Air Canada for last mile delivery.
I think we will see more come down the pipes in the coming months. Again this is a speculative market so it could go up or down. Long term this could be a very interesting stock to keep an eye on but I wouldn’t bank on huge short term gains unless it turns into a meme.