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Citrine Global Secures Grant for Drone Innovation Center

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Citrine Global Secures Grant for Drone Innovation Center

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Citrine Global ( (CTGL) ) has shared an update.

On January 12, 2025, the Ministry of Economy and Industry approved a grant of 12.5 million NIS (~$3.5 million USD) to Cannovation Center Israel Ltd., a subsidiary of Citrine Global, Corp. The grant supports the development of the SkyTech project, a Drone and UAV Operational Innovation Center, to be established in Yerucham, Israel, enhancing the company’s operations and positioning in the drone technology sector.

More about Citrine Global

Citrine Global, Corp. operates in the technology industry with a focus on innovative solutions. Its subsidiary, Cannovation Center Israel Ltd., is engaged in developing operational technology projects in Israel, particularly in the area of drones and UAVs.

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $313.2K

Learn more about CTGL stock on TipRanks’ Stock Analysis page.

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