ParcelPal Logistics Inc.

ParcelPal is a Canadian based delivery service connecting people and businesses with an extensive range of products and goods

Recent News

ParcelPal Logistics Provides Update on Progress of Antminer Hosting Site in the Southern United States, Capable of up to 100 MW (Megawatts), and Note From the CEO on its Reverse Stock Split
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to announce that it continues to make progress on securing a viable site in the southern U.S. to host the previously announced antmining machine business line. It is important to note that this site is the largest to date in terms of potential processing power with up to 100 Megawatts of power, capable of hosting...
2024-04-12 8:00 AM EDT
ParcelPal Announces Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), announces that it intends to consolidate the common shares of the Company (each, a "Share") on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation"). The Company's common shares are expected to commence trading at the opening of the market on April 11, 2024 under the Company's symbol "PKG". There is no name...
2024-04-05 7:33 PM EDT
ParcelPal Logistics Announces Update on its Strength with its Largest U.S. Customer, and Provides an Update on the Proposed Antmining Hosting Business Line
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that its core business with its largest customer has remained solid post 2023 peak and into Q1 2024. The amount of volume has been up over 10% from the same period last year. This customer currently accounts for nearly 80% of the Company's topline revenue. Given the overall macroeconomic market and...
2024-03-26 8:00 AM EDT
ParcelPal Logistics Announces Its First Approval of Multiple Warehouse Locations from Its Asian Partner
Vancouver, British Columbia--(Newsfile Corp. - March 6, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is following up on its previously announced entry into a Letter of Intent on January 30, 2024, and subsequent release last week, on the submittal of numerous warehouses in multiple states for approval (relating to our intended warehousing expansion plan). We are issuing this update to further inform shareholders that the Company has received approvals on our first four (4)...
2024-03-06 8:00 AM EST
ParcelPal Logistics Submits Numerous Warehouse Locations for Immediate Consideration to Accelerate its 2024 Expansion Strategy
Vancouver, British Columbia--(Newsfile Corp. - February 29, 2024) - ParcelPal Logistics Inc (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is following up on its previously announced entry into a Letter of Intent on January 30, 2024 (relating to our intended warehousing expansion plan) to inform shareholders that the Company has identified numerous potential warehouses to host the antimining machines. We have and continue to submit these warehouses for consideration by the antmining company (which needs to meet...
2024-02-29 11:59 AM EST
ParcelPal Announces Consulting Agreement, Debt Settlement and Compensation Shares
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to announce that it has retained Richard Underhill ("Mr. Underhill") with respect to the company's previously announced non-binding Letter of Intent (see news release dated January 30, 2024) to assist the Company in developing its warehousing business division and the provision of antmining, crypto mining, related machinery, warehousing, and related crypto services ("Warehousing Division") pursuant...
2024-02-14 5:39 PM EST
ParcelPal Logistics Begins Expansion of its Warehousing Division with an LOI for its First Hybrid Facility in the United States
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that it has executed a non-binding Letter of Intent ("LOI") with a significant data center equipment manufacturing company, pursuant to which ParcelPal will initiate its new 2024 expansion plan to increase its warehousing footprint and related revenues. To initiate this business line, we plan to lease one U.S. based hybrid facility to start,...
2024-01-30 8:00 AM EST
ParcelPal Logistics Announces the Largest Volume Days in the History of the Company
Vancouver, British Columbia--(Newsfile Corp. - January 3, 2024) - ParcelPal Logistics Inc.(OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to announce that it has had its largest volume days in the history of the Company over the last few weeks of December 2023. The volume the Company has experienced in the United States has been approximately 20% higher than originally projected, and the sheer number of deliveries completed has been much higher than in any...
2024-01-03 8:00 AM EST
ParcelPal Logistics Announces November 2023 Financial Results Led by Continued Record Margins and Increased Operational Profits
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to announce that it had another consecutive month of operating profitability (approximately $28K USD) in its U.S. business led by a 30% gross margin for the month of November 2023. This is a great sign for the Company as we head into the last month of our fourth quarter, which is typically the strongest for the...
2023-12-07 8:00 AM EST
ParcelPal Logistics Inc. Reports All-Time Record Results Since Inception and Third Quarter 2023 Results Highlighted by a Company-Wide Near Breakeven Bottom Line, Record Margins and Record Revenue
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce its record Q3 2023 financial results highlighted by revenue growth of 39% (to approximately $3.7M), continued record gross margins of 39.6% and a 91% decrease in net loss (from $1.2M in Q3 2022 to $103K in Q3 2023). It is important to note that this was our largest Q3 of gross revenue (and an...
2023-11-30 8:00 AM EST

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