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Volatus Aerospace Ranks as the Second Top Growing Canadian Company by The Globe and Mail

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Volatus Aerospace has been ranked second on the 2024 Canada's Top Growing Companies list by The Globe and Mail's Report on Business. The company achieved an impressive 17,336% growth over the past three years, driven by its aerial solutions across various sectors. Volatus offers a range of services including aerial services, equipment sales, and technological solutions to clients globally.

CEO Glen Lynch expressed gratitude for the recognition, attributing the success to the team's dedication and client trust. The ranking, which highlights 416 of Canada's fastest-growing businesses, was based on three-year revenue growth.

In a corporate update, Volatus Aerospace issued 431,282 common voting shares to Ventum Financial Corp. as settlement for a $75,000 debt. The shares were issued at a deemed price of $0.1739, based on the 10-day volume weighted average price on the TSX Venture Exchange.

Volatus Aerospace è stata classificata al secondo posto nella lista delle Aziende in più rapida crescita in Canada per il 2024, secondo il Report on Business de The Globe and Mail. L'azienda ha raggiunto un impressionante 17.336% di crescita negli ultimi tre anni, trainata dalle sue soluzioni aeree in vari settori. Volatus offre una gamma di servizi che includono servizi aerei, vendite di attrezzature e soluzioni tecnologiche a clienti in tutto il mondo.

Il CEO Glen Lynch ha espresso gratitudine per il riconoscimento, attribuendo il successo alla dedizione del team e alla fiducia dei clienti. La classifica, che evidenzia 416 delle aziende in più rapida crescita in Canada, si basa sulla crescita del fatturato negli ultimi tre anni.

In un aggiornamento aziendale, Volatus Aerospace ha emesso 431.282 azioni ordinarie con diritto di voto a Ventum Financial Corp. come saldo per un debito di $75.000. Le azioni sono state emesse a un prezzo ritenuto di $0.1739, basato sul prezzo medio ponderato per volume degli ultimi 10 giorni sulla TSX Venture Exchange.

Volatus Aerospace ha sido clasificada en segundo lugar en la lista de las Empresas de Más Rápido Crecimiento de Canadá 2024 según el Report on Business de The Globe and Mail. La empresa logró un impresionante 17,336% de crecimiento en los últimos tres años, impulsada por sus soluciones aéreas en diversos sectores. Volatus ofrece una gama de servicios que incluyen servicios aéreos, ventas de equipos y soluciones tecnológicas a clientes en todo el mundo.

El CEO Glen Lynch expresó su agradecimiento por el reconocimiento, atribuyendo el éxito a la dedicación del equipo y la confianza de los clientes. La clasificación, que destaca a 416 de las empresas de más rápido crecimiento en Canadá, se basó en el crecimiento de ingresos de tres años.

En una actualización corporativa, Volatus Aerospace emitió 431,282 acciones comunes con derecho a voto a Ventum Financial Corp. como liquidación de una deuda de $75,000. Las acciones se emitieron a un precio considerado de $0.1739, basado en el precio medio ponderado por volumen de 10 días en la TSX Venture Exchange.

Volatus Aerospace는 The Globe and Mail의 비즈니스 보고서에 의해 2024년 캐나다의 가장 빠르게 성장하는 기업 목록에서 두 번째로 선정되었습니다. 이 회사는 지난 3년 동안 17,336%의 성장을 기록했으며, 이는 다양한 분야의 공중 솔루션에 의해 촉진되었습니다. Volatus는 전 세계 고객에게 공중 서비스, 장비 판매 및 기술 솔루션을 포함한 다양한 서비스를 제공합니다.

CEO Glen Lynch는 이 인정에 감사의 뜻을 전하며, 성공은 팀의 헌신과 고객의 신뢰 덕분이라고 밝혔습니다. 이 순위는 캐나다에서 가장 빠르게 성장하는 416개 기업을 강조하며, 3년간의 수익 성장에 기반하고 있습니다.

기업 업데이트에서 Volatus Aerospace는 $75,000의 부채 상환으로 Ventum Financial Corp.에 431,282주 보통주를 발행했습니다. 주식은 TSX 벤처 거래소의 10일 거래량 가중 평균 가격을 기준으로 $0.1739로 평가되어 발행되었습니다.

Volatus Aerospace a été classée deuxième dans la liste des entreprises canadiennes à la croissance rapide pour 2024 par le rapport sur les affaires de The Globe and Mail. L'entreprise a connu une croissance impressionnante de 17,336% au cours des trois dernières années, grâce à ses solutions aériennes dans divers secteurs. Volatus propose une gamme de services, y compris des services aériens, la vente d'équipements et des solutions technologiques pour des clients à travers le monde.

Le PDG Glen Lynch a exprimé sa gratitude pour cette reconnaissance, attribuant le succès à l'engagement de l'équipe et à la confiance des clients. Ce classement, qui met en avant 416 des entreprises canadiennes à la croissance la plus rapide, est basé sur la croissance des revenus sur trois ans.

Dans une mise à jour de l'entreprise, Volatus Aerospace a émis 431 282 actions ordinaires avec droit de vote à Ventum Financial Corp. en règlement d'une dette de 75 000 $. Les actions ont été émises à un prix estimé de 0,1739 $, basé sur le prix moyen pondéré par le volume des 10 derniers jours sur la TSX Venture Exchange.

Volatus Aerospace wurde im Bericht über Unternehmen von The Globe and Mail als zweitplatziertes Unternehmen in der Liste der am schnellsten wachsenden Unternehmen Kanadas für 2024 eingestuft. Das Unternehmen erzielte in den letzten drei Jahren ein beeindruckendes 17,336% Wachstum, was durch seine Luftlösungen in verschiedenen Sektoren vorangetrieben wurde. Volatus bietet eine Vielzahl von Dienstleistungen an, darunter Luftdienste, den Verkauf von Ausrüstungen und technologische Lösungen für Kunden weltweit.

CEO Glen Lynch äußerte Dankbarkeit für die Anerkennung und schrieb den Erfolg dem Engagement des Teams und dem Vertrauen der Kunden zu. Die Rangliste, die 416 der am schnellsten wachsenden Unternehmen Kanadas hervorhebt, basiert auf dem Umsatzwachstum über drei Jahre.

In einem Unternehmensupdate gab Volatus Aerospace 431.282 Stimmaktien an Ventum Financial Corp. als Ausgleich für eine $75.000 Schuld aus. Die Aktien wurden zu einem festgelegten Preis von $0,1739 ausgegeben, basierend auf dem volumen-weighted Durchschnittspreis der letzten 10 Tage an der TSX Venture Exchange.

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TORONTO, ON / ACCESSWIRE / October 1, 2024 / Volatus Aerospace Inc. (TSXV:FLT)(OTCQX:TAKOF)(Frankfurt:A3DP5Y/ABBA.F) has been ranked second on the 2024 Canada's Top Growing Companies list, published by The Globe and Mail's Report on Business on September 27th, 2024. The ranking highlights 416 of Canada's fastest-growing businesses, evaluated based on three-year revenue growth.

Volatus achieved 17,336% growth over the past three years, driven by its aerial solutions across sectors such as oil and gas, energy utilities, public safety, and infrastructure. The company offers a range of aerial services, equipment sales, and technological solutions to clients globally.

"We're grateful to be included in this ranking of Canada's top-growing companies," said Glen Lynch, CEO of Volatus Aerospace. "This milestone is a reflection of our team's dedication and the trust our clients have placed in us. Our commitment to innovation and service excellence continues to drive our growth across key industries."

For more information on the ranking, visit: https://www.theglobeandmail.com/business/rob-magazine/top-growing-companies/article-ranking-canadas-top-growing-companies-of-2024/

Corporate Update

Further to its press release dated August 30, 2024 Volatus Aerospace has issued an aggregate of 431,282 common voting shares ("Debt Shares") to Ventum Financial Corp. (formerly, Echelon Wealth Partners Inc.) ("Ventum") as settlement for an aggregate of $75,000 owing to Ventum upon closing of the Company merger with Volatus Aerospace Corp. pursuant to an engagement letter entered into between Ventum and Volatus Aerospace Corp. (the "Engagement Letter"). The Debt Shares were issued at a deemed price of $0.1739 based on the 10-day volume weighted average price of the Company's common voting and common variable shares listed on the TSX Venture Exchange (the "TSXV") on August 30, 2024.

About Volatus Aerospace Inc.

Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. With a strong foundation of over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems (RPAS). We serve industries such as oil and gas, utilities, healthcare, and public safety. Our mission is to enhance operational efficiency, safety, and sustainability through cutting-edge, real-world solutions.

Explore our services and connect with us at http://www.volatusaerospace.com or https://dronedeliverycanada.com.

Forward-Looking Information

This news release contains statements that constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results "may", "could", "would", "might" or "will" (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the anticipated benefits of, and estimated revenue to be generated by, the master service agreement; (ii) the business plans and expectations of the Company; and (iii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs of management as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management's current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company's current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the anticipated benefits and revenues of the master service agreement to the Company; the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; meeting the continued listing requirements of the TSXV; and including, but not limited to, those factors set forth in the Company's Annual Information Form under the section "Risk Factors". Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

TSXV:FLT

Media Contact:

Danielle Gagne
Head of Marketing and Communications
Danielle.gagne@volatusaerospace.com
+1-579-977-5066; ext=92006

SOURCE: Volatus Aerospace Corp.



View the original press release on accesswire.com

FAQ

What ranking did Volatus Aerospace achieve in the 2024 Canada's Top Growing Companies list?

Volatus Aerospace ranked second on the 2024 Canada's Top Growing Companies list published by The Globe and Mail's Report on Business.

What was Volatus Aerospace's growth rate over the past three years?

Volatus Aerospace achieved a remarkable 17,336% growth over the past three years.

What is the stock symbol for Volatus Aerospace on the OTCQX?

The stock symbol for Volatus Aerospace on the OTCQX is TAKOF.

How many common voting shares did Volatus Aerospace issue to Ventum Financial Corp?

Volatus Aerospace issued 431,282 common voting shares to Ventum Financial Corp.

At what price were the Debt Shares issued by Volatus Aerospace?

The Debt Shares were issued at a deemed price of $0.1739 based on the 10-day volume weighted average price on the TSX Venture Exchange.

VOLATUS AEROSPACE INC

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