Drone Delivery Canada’s Moose Cree First Nation project has received first conditional approval for funding.
Confirmed on December 3, the conditional approval is subject to entering into a definitive agreement.
The company detailed it would have to satisfy any conditions imposed by the funder.
It detailed that it would enable Moose Cree First Nation’s Remote Communities Initiative to pay DDC for its drone delivery service scheduled for implementation in Q1, 2020.
Commenting on the approval, Michael Zahra, president and CEO of DDC, said: “As 2019 comes to a close, I am pleased to report the first financial approval for one of many remote community opportunities we are pursuing.”
Adding: “Looking ahead to 2020, DDC will actively seek to close more customers in many different business verticals both in Canada and abroad.”