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ParcelPal Technology Inc
Symbol C : PKG
Shares Issued 66,087,712
Close 2019-03-13 C$ 0.31
Recent Sedar Documents

ParcelPal signs cannabis distribution deal with Kiaro

2019-03-14 09:27 ET - News Release

Mr. Kelly Abbott reports

PARCELPAL SIGNS CANNABIS DISTRIBUTION AGREEMENT WITH KIARO

ParcelPal Technology Inc. has signed a cannabis distribution agreement with Kiaro, a Vancouver-based cannabis retailer.

Further to ParcelPal's cannabis strategy announced on Sept. 13, 2018, the company has completed an additional cannabis distribution agreement with Kiaro for the delivery of cannabis products through Kiaro's physical and digital retail channels. The initiative will consist of:

  • Distribution: ParcelPal and Kiaro will jointly develop an optimal road map for the distribution of adult-use cannabis, ultimately creating the "Amazon effect" within the cannabis industry.
  • Accessibility: The companies will integrate their technology platform to enhance the user experience and improve product accessibility.
  • Compliance: All cannabis products delivered will be within parameters set by all the relevant regulatory bodies.
  • Safety: Both companies are dedicated to socially responsible cannabis retail and, by enabling cannabis delivery within the hour, hope to deter cannabis-impaired driving.

This marks the company's second strategic partnership to manage cannabis deliveries through the omnichannel platforms of Canadian retailers. Previously ParcelPal announced a similar agreement with Choom Holdings.

President and chief executive officer Kelly Abbott states: "We are extremely excited to sign a distribution agreement with Kiaro and we will immediately begin planning and executing for all last-mile operations. Our objective is to become the Uber of cannabis in Canada and this takes us one step closer to our goal." Mr. Abbott continues: "Cannabis delivery is expensive and often through antiquated courier services -- with consumers waiting over a week to receive their items. With ParcelPal, customers will receive their cannabis products safely within an hour. Our technology enables seamless integration with any cannabis retail outlet or e-commerce platform."

President and chief executive officer of Kiaro, Daniel Petrov, states: "The distribution partnership with ParcelPal illustrates our ongoing commitment to normalize cannabis use by improving product accessibility. Cannabis can enhance life enjoyment when used responsibly, and the agreement enables us to support more Canadians in this pursuit. By expediting cannabis delivery, we hope to legitimize the industry and encourage cannabis curiosity, exploration and education."

Customers who order cannabis or alcohol through the ParcelPal platform will be required to upload and verify their identities. Users that are under the age within their jurisdictions will not be allowed into this vertical on the application. The identity verification system ensures that the person is of age and that the identity is in fact real, and it is checked twice -- once before and once upon delivery. Consumers who order product will have to be the person to receive the order. ParcelPal's technology complies with all local, provincial and federal laws.

About ParcelPal Technology Inc.

ParcelPal is a technology-driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour. The company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.

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