ZenaTech Wins Irish Aviation Authority Approval for Drone Crop Spraying
ZENA sits 39% above its 52-week low of $1.15 on light trading volume (0.4× avg).
Summary
ZenaTech's ZenaDrone subsidiary received SORA approval from the Irish Aviation Authority, authorizing large-scale aerial application of fertilizer, lime, and bio-stimulants on Irish farmland. This regulatory clearance removes a key barrier to commercial drone-based precision agriculture services in Ireland and provides a template for expansion across the EU under EASA guidelines. The approval supports the company's DaaS recurring-revenue model and aligns with its acquisition-led roll-up strategy. Management expects this to accelerate rollout in additional European markets. The company has been actively expanding its DaaS footprint, with 28 acquisitions to date and a $75M ATM offering in place.
At the time of this announcement, ZENA was trading at $1.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $143.4M. 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: GlobeNewswire.