Mr. Michael Zahra reports

DRONE DELIVERY CANADA BOLSTERS BALANCE SHEET

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

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