ZenaTech signs offer to acquire warehouse, inventory management company

ZenaTech (ZENA) announces that it has signed an offer to acquire a Southeast US-based warehouse and inventory management services company serving a principal service branch of the US Department of Defense. When completed, combined with other recent acquisitions in the Southeast region including Cardinal Civil Resources, ZenaTech’s East Coast DaaS footprint and capacity to serve government and defense agencies will be strengthened. “This proposed acquisition represents another important step toward providing access to established US defense agency relationships, enabling increased capacity to deliver Drone as a Service or DaaS at scale to East Coast-based government and defense agency customers,” said Shaun Passley, Ph.D., ZenaTech CEO. “This will also provide opportunities for our IQ Nano indoor inventory management drone, which we believe will help us move up the value chain as a full-spectrum partner in inventory management and logistics automation, driving expanded readiness, accuracy and operational capability to our armed forces.”