10:26:07 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Parcelpal Logistics Inc
Symbol PKG
Shares Issued 230,992,735
Close 2023-08-15 C$ 0.015
Market Cap C$ 3,464,891
Recent Sedar Documents

Parcelpal boasts of subscription beer business increase

2023-08-16 13:05 ET - News Release

Mr. Rich Wheeless reports

PARCELPAL ANNOUNCES UPTICK IN BUSINESS WITH A SUBSCRIPTION BASED BEER AND WINE COMPANY

Parcelpal Logistics Inc. has seen an over 40-per-cent uptick in the frequency and total business with subscription beer and wine deliveries with an existing customer in the Vancouver area. The customer is a subsidiary of a group which owns a collection of unique hospitality ventures and their team operates over 20 businesses. While this customer is a relatively small topline revenue customer, the trend is a positive one with a higher margin customer that the Company hopes to replicate and expand upon.

CEO Rich Wheeless stated, "We are pleased to be working with a high caliber company delivering beverage products to local businesses and homes. This industry saw a major uptick during the COVID-19 pandemic, and many experts expect this trend to continue as consumer habits have changed for the longer term. While this is not currently a large topline revenue customer, it has consistently been one of our highest margin customers, and we look forward to continuing to expand our relationship with them."

The Company looks forward to providing additional updates in the coming days and weeks.

About ParcelPal Logistics Inc.

ParcelPal is a Vancouver, British Columbia based company that specializes in last-mile delivery service and logistics solutions. We are a customer-driven, courier and logistics company connecting people and businesses through our network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, as well as in the western region of the United States. Some of our verticals include pharmacy & health, meal kit deliveries, retail, groceries and more.

ParcelPal Website: www.parcelpal.com

Neither the Canadian Securities Exchange ("CSE"), the Securities and Exchange Commission nor any other securities regulatory authority has reviewed and do not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.

We seek Safe Harbor.

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