Drone Delivery Canada Bolsters Balance Sheet

Press Release

TORONTO, ONTARIO – February 24th, 2021 – Drone Delivery Canada Corp. (TSXV: FLT; OTC: TAKOF; Frankfurt:  A2AMGZ or ABB.F) (the “Company” or “DDC”) has further bolstered its balance sheet by $13 million as a result of a recent influx of incremental cash.

Based on 2020 Q3 filings and adding the net proceeds from the financing raise in December 2020, the company had approximately $26 million in cash and cash equivalents on hand.  Incremental to that, the Company has received approximately $13 million as a result of the exercise of outstanding convertible securities.  The Company continues to have no debt.

The Company recently was named to the 2021 OTCQX BEST 50 companies.

About Drone Delivery Canada Corp.

Drone Delivery Canada Corp. is a drone technology company focused on the design, development, and implementation of its proprietary logistics software platform, using drones. The Company’s platform will be used in a Software as a Service (SaaS) model for government and corporate organizations globally.

Drone Delivery Canada Corp. is a publicly listed company trading on the TSX.V Exchange under the symbol FLT, on the U.S. OTC QX market under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .

Read more about the Company at: www.DroneDeliveryCanada.com or on DDC’s social media:

https://www.linkedin.com/company/drone-delivery-canada

https://www.youtube.com/dronedeliverycanada

https://www.facebook.com/dronedeliverycanada

https://www.instagram.com/dronedeliverycanada

https://twitter.com/DroneDeliveryCa/

For further information:

Investor Relations: Mr. Michael Zahra, Chief Executive Officer, and Mr. Bill Mitoulas, Telephone: (416) 479-9547, Email: billm@dronedeliverycanada.com;

Media Relations: Mr. Nelson Hudes, Hudes Communications International, Telephone: (905) 660-9155, Email: nelson@hudescommunications.com

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