ZenaTech Expands DaaS Platform with High Prairie Acquisition, Takes 10% Stake in Plurilock
ZENA sits 35% above its 52-week low of $1.15.
Summary
ZenaTech has expanded its Drone as a Service (DaaS) platform by acquiring High Prairie Survey Co., adding land surveying capabilities. The company also made a strategic investment, purchasing an approximately 10% stake in Plurilock for about CA$1.1 million (around $815,000 USD). These actions continue ZenaTech's aggressive growth strategy, following several recent DaaS acquisitions and a $25 million direct offering finalized last month. The moves aim to boost recurring revenue and broaden its technology offerings.
At the time of this announcement, ZENA was trading at $1.55 on NASDAQ in the Technology sector, with a market capitalization of approximately $72.1M. 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: Wiseek News.