ZenaTech Closes 26th Drone Acquisition, Expanding to Ohio and Four States
ZENA sits 31% above its 52-week low of $1.15 on light trading volume (0.1× avg).
Summary
ZenaTech completed its 26th Drone as a Service acquisition, buying Ohio-based BA Land Professionals LLC, a surveying firm licensed in Ohio, Kentucky, Tennessee, and North Carolina. This follows yesterday's 6-K announcing signed offers for multiple land surveying companies expected to contribute C$40 million in revenue. The deal adds a first location in Ohio and expands the U.S. footprint to 12 states, targeting construction, infrastructure, and energy sectors. The roll-up strategy continues to build a nationwide network, with management highlighting 40 years of combined surveying expertise and established customer relationships. The acquisition is part of a pattern of rapid expansion, though the financial terms were not disclosed. With a market cap around $131 million, each acquisition adds incremental revenue but also raises integration risk amid ongoing dilution from the ATM program.
At the time of this announcement, ZENA was trading at $1.51 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $131.4M. The 52-week trading range was $1.15 to $7.11. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: FinanceWire.