$ZENA News: ZenaTech Signs Offer to Acquire a Western

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$ZENA News: ZenaTech Signs Offer to Acquire a Western Canadian Geospatial and Land Surveying Company to Accelerate Drone as a Service in Utilities, Forestry, Agriculture and Government Sectors

ZenaTech Inc.
Thu, June 11, 2026 at 8:00 AM EDT

VANCOUVER, British Columbia, June 11, 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, today announces that it has signed an offer to acquire an established land surveying company with a regional footprint across Western Canada. The proposed acquisition builds on ZenaTech's ongoing North American acquisition strategy and focuses on expanding its Drone as a Service presence in the Western Canadian geospatial sector, which includes critical industries such as infrastructure, utilities, forestry, mining, and agriculture. By combining established surveying and geomatics expertise with advanced drone operations and emerging Beyond Visual Line of Sight (BVLOS) capabilities, ZenaTech believes it can expand its service offerings, increase recurring revenue opportunities, and capitalize on growing demand for geospatial data and aerial intelligence solutions across the region.

“Western Canada represents one of the most attractive North American growth markets for geospatial drone-based services supported by strong demand from construction, utilities, forestry, agriculture and public-sector clients,” said Shaun Passley, Ph.D., CEO of ZenaTech. “The proposed Western Canadian land survey firm acquisition would provide an established regional footprint, a broad commercial and government client base and immediate opportunities to expand higher-margin drone services. Combined with Canada’s progressive BVLOS (Beyond Visual Line of Sight) regulatory framework, we believe this positions us to accelerate recurring revenue growth, expand service coverage, and capitalize on a rapidly growing commercial and government drone services market.”

ZenaTech believes Western Canada is well positioned to become a leading market for commercial Drone-as-a-Service applications based on its vast geography, extensive infrastructure networks, and globally significant forestry and agricultural industries. This creates substantial opportunity for advanced drone operations capable of delivering speed, cost savings, improved safety, and actionable data analytics.

According to Grand View Horizon Research, the Canadian drone market is estimated at approximately US$4.5 billion in 2025 and is projected to reach over US$11 billion by 2033, growing at a compound annual growth rate of over 11%. This growth plus the fact that Canada has established one of the most progressive regulatory frameworks for BVLOS drone operations in North America, potentially provides a clearer and faster pathway to advanced applications and deployment.

ZenaTech’s Drone as a Service AI autonomy platform provides commercial and government clients with convenient subscription and usage-based drone services for a host of surveying, infrastructure inspection, maintenance, power washing, and precision agriculture services, without the capital costs or operational burdens of ownership. By acquiring established, profitable low-tech service companies ripe for drone innovation, ZenaTech is building a global, multi-service DaaS network of locations in communities anchored by existing customers and revenue, for next-gen drone integration designed for speed, precision, data, and safety benefits. The company is continuing to build its global network of locations as well as integrate its AI drones, data processing workflows, and new services.

About ZenaTech

ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company that specializes in AI autonomy drone platforms to transform industrial, government, and defense sectors. Its subsidiaries include drone manufacturing through ZenaDrone, a global Drone as a Service (DaaS) business, and a separate enterprise SaaS division of multiple software brands. The Company is executing an acquisition-led DaaS roll-up strategy to digitize and automate legacy service industries like land surveys and inspections, driving drone-based scalable, recurring revenue growth. With an operating footprint spanning North America, Europe, the Middle East, and Asia, ZenaTech is advancing AI drones for agriculture and logistics, as well as ISR, cargo, and counter-UAS applications for U.S. defense and NATO allies. The company is investing in next-generation technologies, including drone swarms, quantum computing, and advanced AI autonomy to capture long-term opportunities in key markets through its R&D initiatives.

About ZenaDrone

ZenaDrone, a subsidiary of ZenaTech, develops and manufactures AI-powered multifunction autonomous drone solutions integrating machine learning, predictive analytics, and advanced computing technologies, for government, defense, and industrial applications. This includes multifunctional drones for surveying, inspections, logistics, security, and defense applications. Its product portfolio includes the ZenaDrone 1000 for ISR defense and specialized cargo, the IQ Nano for indoor inventory management and security, the IQ Square for outdoor inspections and maintenance, the IQ Quad for land surveying, and the IQ Aqua for underwater applications. ZenaDrone operates three global manufacturing facilities in Arizona, Dubai, and Taiwan, and is advancing counter-UAS maritime interceptor drones and an integrated defense system.

Contacts for more information:

Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com

Investors:
Michael Mason
CORE IR
investors@zenatech.com
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