GlobeNewswire - Industry News on Delivery Services

HERBL, California’s Largest Cannabis Distributor and Supply Chain Solutions Company, Appoints Tom Grillea as CRO

Mon, 01 Feb 2021 17:00 GMT

Seasoned Executive Brings Natural Foods Industry Experience to Cannabis

Seasoned Executive Brings Natural Foods Industry Experience to Cannabis

InPost S.A. - Stabilisation Notice

Fri, 29 Jan 2021 09:17 GMT

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

InPost S.A. Stabilisation Notice

Wed, 27 Jan 2021 08:27 GMT

ParcelPal Announces Third Consecutive Month of Profitability, Continuing its Trend in Operating Improvement

Mon, 11 Jan 2021 12:30 GMT

VANCOUVER, British Columbia, Jan. 11, 2021 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTCQB:PTNYF) is pleased to announce that for the month of December 2020, it has achieved its third consecutive profitable month, and also increased its profit over November 2020.?? It is also notable because it is the first time the Company has ever had three months of profitability, with October and November 2020 being the first two months in the history of the Company, and demonstrates the operational improvement of the Company.

ParcelPal Enters Into a US$5,000,000 Equity Line of Credit Facility to be Registered on Form F-1

Thu, 17 Dec 2020 12:30 GMT

VANCOUVER, British Columbia, Dec. 17, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce that it has entered into a US$5,000,000 financing agreement with Tangiers Global, LLC (“Tangiers”) (“Equity Line” or “Facility”) pursuant to the terms of an Investment Agreement (the “Investment Agreement”), as well as a registration right agreement related thereto (“Registration Rights Agreement”).?? The US$5,000,000 financing is in the form of an Equity Line of Credit over a maximum duration of 36 months (the “Term”).?? Pursuant to the terms of the Registration Rights Agreement, a Form F-1 Registration Statement will be filed with the Securities & Exchange Commission (“SEC”) to register the common shares that may be issued to Tangiers in connection with this Facility.? ?

ParcelPal Announces Back to Back Profitable Months, Continuing its Trend in Operating Improvement

Tue, 08 Dec 2020 12:30 GMT

VANCOUVER, British Columbia, Dec. 08, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce that for the month of November 2020, it had achieved its second consecutive profitable month, and also increased its profit over October 2020.?? It is also notable, because it is the first time the Company has ever had back to back months of profitability, with October 2020 being the first month of profitability in the history of the Company.

ParcelPal Technology, Inc. Reports Record Third Quarter 2020 Financial Results Highlighted by Quarterly year over year Revenue Growth of 13%

Tue, 01 Dec 2020 12:30 GMT

VANCOUVER, British Columbia, Dec. 01, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce its financial results for the period ended September 30, 2020 (“Q3 2020”), highlighted by continued revenue growth compared to the same period 2019.

ParcelPal Announces its First Profitable Month in the History of the Company

Wed, 25 Nov 2020 12:30 GMT

VANCOUVER, British Columbia, Nov. 25, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce that for the month of October 2020, it turned its first profit in the history of the Company.??

ParcelPal Announces the Execution of a Service Agreement with One of Canada’s Leaders in the Specialty Pharmacy Services Space

Tue, 24 Nov 2020 12:30 GMT

VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce the signing of an agreement to provide delivery services with one of Canada’s fastest growing and trusted providers of comprehensive specialty pharmacy services and solutions. The company operates a rapidly growing national network of pharmacy fulfilment centres throughout Canada.

HERBL Now Exclusively Distributing MOXIE Cannabis Products in California

Wed, 18 Nov 2020 18:53 GMT

Santa Barbara, CA, Nov. 18, 2020 (GLOBE NEWSWIRE) -- HERBL, California’s largest cannabis distributor and supply chain solutions company, announced today that it has partnered with MOXIE?, a leading cannabis operator with products distributed in over 350 dispensaries across seven states. HERBL’s retail network is comprised of more than 850 California retailers, both online and brick-and-mortar.

Women-founded, Women-powered Kikoko Selects HERBL as Exclusive Distribution Partner

Mon, 09 Nov 2020 17:00 GMT

#1 Selling Cannabis Tea Beverage in California Joins a Family of Top-Selling Products Sold Through HERBL

#1 Selling Cannabis Tea Beverage in California Joins a Family of Top-Selling Products Sold Through HERBL

ParcelPal Commences Trading on the OTCQB Marketplace

Tue, 06 Oct 2020 11:30 GMT

VANCOUVER, British Columbia, Oct. 06, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce that effective at the opening of the market yesterday October 5, the Company’s common shares are eligible for primary trading on the OTCQB Venture Marketplace under the symbol “PTNYF” following the approval by the OTC of our primary listing application (“Listing Application”). This is an important distinction and upgrade from the secondary Pink? market the Company was previously listed on. Namely, this primary listing on the OTCQB allows us to offer and sell securities for the first time directly to investors, whereas prior to this, only those securities traded by investor to investor or broker to broker (secondary trading) were permitted.

ParcelPal Closes $525,000 USD Financing via Non-Brokered Private Placement

Wed, 30 Sep 2020 12:00 GMT

VANCOUVER, British Columbia, Sept. 30, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (CSE:PKG) (FSE:PT0) (OTC:PTNYF) is pleased to announce that it has completed a non-brokered private placement (the?“Offering”) pursuant to which it issued an unsecured convertible note with a face value of up to US$525,000 to an arm's length investor (the?“Note”).? The terms of the Note include the following:

ParcelPal Announces the Launch of its New Website to Benefit Customers

Wed, 23 Sep 2020 12:00 GMT

VANCOUVER, British Columbia, Sept. 23, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce today that it has successfully launched a new and improved website for all of its customers across its service territories. This is part of the Company’s renewed focus on its corporate clients.?? The new mobile-friendly website is easier to use, more visually engaging, and simpler for our customers to find the information they need faster. Features of the new website include intuitive navigation, a robust alert notification area, dynamic search functionality and an enhanced news feed platform.

PUREXTRACTS Selects California’s Leading Distribution and Supply Chain Company, HERBL, as Exclusive Distribution Partner

Mon, 21 Sep 2020 16:00 GMT

Santa Barbara, CA, Sept. 21, 2020 (GLOBE NEWSWIRE) -- PUREXTRACTS, a premium cannabis vape manufacturer, has signed HERBL, California’s largest cannabis distributor and supply chain solutions company, as the exclusive distributor of its products in California.?

ParcelPal Announces the Execution of Two More Customer Agreements and Further Company Expansion

Thu, 17 Sep 2020 12:00 GMT

VANCOUVER, British Columbia, Sept. 17, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce that, as part of the Company’s continuing growth plan, it has signed two additional customer agreements over the past week, which are in addition to the numerous customer agreements and expansion arrangements in the past month. The first such agreement is with Adele Ray Florist Ltd., another flower subscription service based in Vancouver, for which we will be providing delivery services in Burnaby, Vancouver and numerous surrounding Lower Mainland areas. The second such agreement is with Discover Dogs, a pet supply store for which we will be providing delivery services in the greater Vancouver area. ParcelPal will be providing same-day and next-day delivery services for these two companies.?

ParcelPal Technology, Inc. Reports Record Second Quarter 2020 Financial Results Highlighted by Quarterly year over year Revenue Growth of 88% Coupled with a 59% Lower Net Loss ?

Mon, 31 Aug 2020 18:59 GMT

VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce its financial results for the period ended June 30, 2020 (“Q2 2020”), highlighted by significant revenue growth and a significantly lower net loss compared to the same period 2019.?

ParcelPal Announces the Execution of Additional Customer Agreements with Two Larger Volume Corporate Clients

Thu, 20 Aug 2020 13:35 GMT

VANCOUVER, British Columbia, Aug. 20, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce as part of the Company’s ongoing growth plan, it has signed two larger volume customer agreements over the past week, which are in addition to the new customer agreements announced last week.? The first such agreement is with a large flower subscription service based in Vancouver, which we expect to provide a minimum of 12,500 paid deliveries a year, with the higher end targeted range of approximately 35,000 paid deliveries per year.? The second such agreement is with a Western Canada based grocer, which should provide the Company with a baseline of 12,500 yearly deliveries and high-side targets of 36,000 deliveries per year within 12 months.? These new customer agreements also provide for higher margins, which will continue to help the Company drive not only its revenue, but also its improvement in operating performance.

ParcelPal Announces the Execution of Numerous Agreements with Corporate Clients Over the Past Month

Thu, 13 Aug 2020 16:06 GMT

VANCOUVER, British Columbia, Aug. 13, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce as part of the Company’s broader plan to expand operations, further diversify its customer base and execute on additional profitable business engagements, it has signed numerous new customer agreements over the past month. These new agreements include customers in the flower delivery space (with two different companies), a small beverage company, a grocer, a pet supply store, and a nationwide meal delivery kit company (our second of this type since February).? These new customer agreements provide for higher margins, which will continue to help the company drive not only its revenue, but also its improvement in operating performance.

ParcelPal Closes $210,000 USD Bridge Financing via Non-Brokered Private Placement

Tue, 30 Jun 2020 19:33 GMT

VANCOUVER, British Columbia, June 30, 2020 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce that it has completed a non-brokered private placement (the?“Offering”) pursuant to which it issued an unsecured convertible note with a face value of US$210,000 to an arm's length investor (the?“Note”). The terms of the Note include the following: