Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: PKG; PTNYF; PT0

Logistics Firm Expands Into Another Cannabis Industry Segment
News Update

Share on Stocktwits

Source:

Its newly entered agreement offers potential for future growth in Canada.

ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTCQB; PT0:FSE) announced in a news release it will provide The Yield Growth Corp.'s subsidiary Urban Juve with same day and on demand delivery of its hemp-based cosmetics.

"This marks a milestone at ParcelPal, launching a new vertical with substantial growth potential," ParcelPal President and CEO Kelly Abbott said in the release. "It's also a unique opportunity to be at the forefront of an exciting new industry with our unique logistics solutions."

Currently, Urban Juve sells its products to more than 90 retailers through North America. However, the agreement with ParcelPal is to launch service initially in Vancouver and subsequently add cities.

Urban Juve's customers will be able to purchase products through Urban Juve's website for which ParcelPal will create exclusive marketplace applications. For example, online patrons will be able to track their purchase in real time and request delivery of their product to any specified location.

"As time and regulations allow, ParcelPal's cannabis network will continue to grow, with the goal of capturing a major piece of Canada's $5.2B legal cannabis market," the company stated.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ParcelPal Technology. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with ParcelPal Technology. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ParcelPal Technology, a company mentioned in this article.





Want to read more about Technology investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe