Mr. Rich Wheeless reports

PARCELPAL LOGISTICS ANNOUNCES NOVEMBER 2023 FINANCIAL RESULTS LED BY CONTINUED RECORD MARGINS AND INCREASED OPERATIONAL PROFITS

Parcelpal Logistics Inc. had another consecutive month of operating profitability (approximately $28,000 (U.S.)) in its U.S. business, led by a 30-per-cent gross margin for the month of November, 2023. This is a great sign for the company as it heads into the last month of its fourth quarter, which is typically the strongest for the company.

Rich Wheeless, chief executive officer, stated: "I am happy with the continued improvement off of the heels of our best (third) quarter in the history of the company, which we announced last week, and our renewed focus on what the company does best, in the geographic regions that will be the focus of future growth as well. We are also seeing an unprecedented number of deliveries in multiple areas, which has led to increased business and improved margins. I look forward to finishing up the quarter (and year) strong and for 2024 to be an even stronger year for us, including with the numerous U.S. growth opportunities that exist."

The company looks forward to providing a further update in the coming days and weeks.

About Parcelpal Logistics Inc.

Parcelpal is a company in Vancouver, B.C., that specializes in last-mile delivery service and logistics solutions. Parcelpal is a customer-driven courier and logistics company connecting people and businesses through its network of couriers. Some of its verticals include pharmacy and health, meal kit deliveries, retail, groceries, and more.

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