(NASDAQ: ZENA) Notches Its 25th Acquisition As A Major Announcement Hits The Spotlight
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July 16th Greetings, Friend!
ZenaTech Inc. (NASDAQ: ZENA) controls our #1 watchlist spot Thursday.
And just this morning, the company made a major acquisition announcement:
ZenaTech Closes 25th Acquisition with Alberta, Canada-based Velocity Geomatics Inc. Expanding Drone as a Service into Environmental and Regulatory Services in the Oil and Gas Sector
Drone as a Service enters into a global oil and gas drone inspection services market growing at 28% per year as Company achieves stated interim goal from January 2025
VANCOUVER, British Columbia, July 16, 2026 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that it has completed the acquisition of Grand Prairie Alberta-based Velocity Geomatics Inc. doing business as Velocity Group, with operations and offices across Alberta, British Colombia and Saskatchewan. The acquisition marks ZenaTech's first acquisition in drone-based geomatics for environmental and regulatory compliance and services in the oil and gas industry, establishing a Drone as a Service presence in a sector growing at over 28% annually. It also marks its 25th acquisition since its January 2025 statement citing it would achieve that number by mid-2026.
"This acquisition expands our Drone as a Service business into Canada's oil and gas sector focused on environmental and regulatory assessments for oil extraction and pipelines, in one of the most significant energy markets in North America. Importantly, it also demonstrates the achievement of one of our stated goals since our public offering in 2024, which was 25 acquisitions to support our Drone as a Service business. We have maintained an assertive acquisition strategy and anticipate setting new benchmarks in the near term," said Shaun Passley, Ph.D., CEO of ZenaTech. "Velocity Group brings an established customer base, strong regional expertise, and extensive experience supporting drone-based surveying and geomatics projects including for some large and multinational oil and gas producers. We believe there is a significant opp. to further enhance these services through AI-powered drone technology for surveying, mapping, inspections, and infrastructure monitoring applications, enabling us to establish a core expertise that we can bring to this fast-growing global industry."
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Read the full article here.
With this news in the spotlight today, (Nasdaq: ZENA) continues to have our full focus.
Be on the lookout for more potential updates, read our initial report below, and consider this profile for your watchlist. -----
America isn’t just buying drones; it’s buying them by the thousand, then by the hundred thousand.
The White House just released its new National Resilience Strategy, placing commercial drones alongside AI, critical infrastructure, domestic manufacturing, and secure supply chains as technologies critical to America’s long-term resilience.
And that is only the latest signal.
In January, the White House called for the largest defense budget in American history: $1.5Tn for fiscal year 2027, a 66% increase from current levels.
The Pentagon has announced plans to spend $1Bn to purchase more than 340,000 American-made drones by 2027, with 30,000 of those due by July 2026.
And Defense Secretary Pete Hegseth has issued a directive ordering every Army squad to be equipped with unmanned systems by the end of 2026.
This is not a wish list. It is a mandate.
Then, in December 2025, the FCC added foreign-made drones to its Covered List, effectively banning new models from DJI and other Chinese manufacturers. DJI controlled nearly 80% of the American drone market.
That door is now closing. Someone has to fill the gap.
One small NASDAQ-listed company has been building for exactly this moment. It designs drones, manufactures drones, and operates a national Drone-as-a-Service network, and it just reported 640% first-quarter revenue growth.
Now, it has signed multiple offers to acquire land surveying and geospatial services companies across the US, Canada, and Australia. Subject to closing, management expects the businesses to collectively contribute approximately C$40Mn in revenue during the first 12 months following closing.
ZenaTech Inc. (NASDAQ: ZENA) will be topping our watchlist July 16th, 2026.
Keep reading to learn more about ZenaTech Inc. (NASDAQ: ZENA).
ZenaTech Inc. (NASDAQ: ZENA) is a business technology company that designs drones, manufactures drones, sells drones, and operates a national service network that deploys them.
It also owns eleven enterprise software brands that generate recurring revenue while the drone business scales.
Not a concept. Not a pitch deck. A company that built a pro-fit-able software business first, then used that foundation to expand into drones. Three divisions: Drone Technology Solutions, Drone-as-a-Service, and Enterprise SaaS Software. All working together. |
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