Get the Latest Investment Ideas Delivered Straight to Your Inbox.


North American Drone Company to Begin Trading Amidst Move Away from Chinese Drones
Initial Public Offering


As security concerns grow in the West over Chinese-made drones, this North American manufacturer could take off.

Draganfly Inc. (DFLY:CSE) begins trading on the Canadian Securities Exchange on Tuesday, November 5 under the symbol DFLY.

Chinese manufacturers have come to dominate the drone space, but with security concerns mounting, North American drone manufacturers could get a boost. Last week the Wall Street Journal reported the U.S. Department of the Interior grounded its 800-drone fleet pending a review of potential security risks. U.S. officials worry "the drones may be sending information back to the Chinese government or hackers elsewhere to use for cyberattacks or other offenses."

Also this year, the U.S. military, following Congressional legislation, has stopped buying Chinese-made drones. Even before that, "the Pentagon had already banned purchases of commercial, off-the-shelf drones until it can determine how to mitigate security risks, including when drones are used for surveillance of military installations and critical infrastructure," the Journal reported.

Draganfly, as a North American company, could benefit from the security concerns over Chinese drones. The firm has a 21-year history in the fast moving small Unmanned Aerial Vehicle (sUAV) space, developing one of the first quad rotor helicopter systems in 1998 and the first folding, semi-autonomous, six rotor systems in 2008. Its drones serve the public safety, agriculture, industrial inspections, and mapping and surveying markets, and Draganfly has sold over 9,000 drones all over the world.

"Draganfly has the opportunity for significant organic growth as few North American proprietary drone systems companies still exist, much less ones with the history, experience, or IP that Draganfly has," Chairman Cameron Chell recently wrote in a letter to shareholders.

"With the Draganfly public offering, we now have the opportunity to consolidate the leading small/medium drones solution companies in North America," Chell stated. "The net of all of this is that a massive market has opened up for North American based drone tech companies and Draganfly is positioned to become a dominant leader in this multi-billion dollar market."

Draganfly recently completed a private placement financing, raising aggregate gross proceeds of over CA$7 million. One subscription receipt, at a price of CA$0.50, converts to one common share plus one transferable common share purchase warrant that entitles the holder to purchase one common share at CA$0.50 for a 12-month period. With the financing closing, Draganfly has approximately 69.6 million shares issued and outstanding.

The company announced that it also plans to list on the U.S. OTC market and Frankfurt exchanges within the next month.

Draganfly video is available here.


1) Patrice Fusillo compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Draganfly. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Draganfly, a company mentioned in this article.

Want to read more about Special Situations and Technology investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe