ParcelPal Provides Update on Status of MCTO
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2024) - ParcelPal Logistics Inc. (OTC Pink: PTNYF) (CSE: PKG) (FSE: PT0) (the "Company" or "ParcelPal") is providing an update on the status of a management cease trade order (the "MCTO") application that was announced on April 16, 2024 (the "Announcement") with its principal regulator, the British Columbia Securities Commission, who issued the MCTO on May 1, 2024. The Company applied for the MCTO in order to secure additional time for...
2024-06-26 7:25 PM EDT
ParcelPal Provides Update on Status of MCTO
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - ParcelPal Logistics Inc. (OTC Pink: PTNYF) (CSE: PKG) (FSE: PT0) (the "Company" or "ParcelPal"), is providing an update on the status of a management cease trade order (the "MCTO") application that was announced on April 16, 2024 (the "Announcement") with its principal regulator, the British Columbia Securities Commission, who issued the MCTO on May 1, 2024. The Company applied for the MCTO in order to secure additional time for...
2024-06-12 6:28 PM EDT
ParcelPal Provides Update on Status of MCTO
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2024) - ParcelPal Logistics Inc. (OTC Pink: PTNYF) (CSE: PKG) (FSE: PT0) (the "Company" or "ParcelPal"), is providing an update on the status of a management cease trade order (the "MCTO") application that was announced on April 16, 2024 (the "Announcement") with its principal regulator, the British Columbia Securities Commission, who issued the MCTO on May 1, 2024. The Company applied for the MCTO in order to secure additional time for...
2024-05-29 4:24 PM EDT
ParcelPal Provides Update on Status of MCTO and Announces Change of Auditor
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2024) - ParcelPal Logistics Inc. (OTC Pink: PTNYF) (CSE: PKG) (FSE: PT0) (the "Company" or "ParcelPal"), is providing notice that it has formally engaged a new auditor, and is also providing a further update on the status of a management cease trade order (the "MCTO") that the British Columbia Securities Commission issued on May 1, 2024, each of which is more fully described below. The Company is pleased to announce that it has changed...
2024-05-15 5:14 PM EDT
ParcelPal Granted MCTO by BCSC
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYD) (CSE: PKG) (FSE: PT0) (the "Company" or "ParcelPal"), announces that, further to its news release dated April 16, 2024 (the "Announcement"), its principal regulator, the British Columbia Securities Commission, has accepted the Company's application for, and has granted, a management cease trade order (the "MCTO"). As previously announced, the Company applied for the MCTO as it anticipated a...
2024-05-01 8:00 PM EDT
ParcelPal Announces Late Filing of Its Annual Financial Disclosure and Application for Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2024) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), announces that the filing of its audited annual financial statements, management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certifications for the year ended December 31, 2023 (the "Required Filings") will be delayed beyond the prescribed filing deadline of April 29, 2024. The principal...
2024-04-16 7:08 PM EDT
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 up to...
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...
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 some of the...
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...
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...
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...
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....
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 Company....
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 all-time record...
2023-11-30 8:00 AM EST
ParcelPal Logistics Announces Extension of Contract with Its Second Largest Customer Leading to Increasing Rates on Deliveries, Higher Package Counts and Expansion Opportunities
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that it has extended its contract with its second largest customer for at least another year. This customer accounts for approximately 20% of the Company's topline revenue and is growing with us. Additionally, the terms of the renewed contract are more favorable for ParcelPal with increasing rates on deliveries...
2023-11-14 8:00 AM EST
ParcelPal Logistics Announces October 2023 Results Led by Record Margins Resulting in Operational Profits
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that it had another month of operating profitability (approximately $50K USD) in its U.S. business led by a record 28% gross margin for the month of October 2023. This was driven by more profitable business with our second largest customer. This is a great sign for the Company as the fourth quarter tends to be...
2023-11-07 8:00 AM EST
ParcelPal Logistics Announces Adding 20 Electric Delivery Vehicles to its Fleet in the United States Increasing Productivity and Efficiency
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that it has acquired 20 electric delivery vehicles in the United States, which are already on the road daily for our largest customer in Utah. Our goal is to have 50% of our delivery fleet be composed of electric vehicles by the end of 2024, and fully electric by the end of 2026. In addition to being an...
2023-11-02 8:00 AM EDT
ParcelPal Logistics Inc. Announces a Shift in Strategy Towards Further U.S. Expansion and Shedding Money Losing Business Units
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), today announces that it will be shifting a significant amount of its focus and resources on its growing U.S. operations, entering into new profitable contracts primarily in the United States and shedding any money losing business units and/or contracts immediately. To this end, we have terminated our largest Canadian contract on a...
2023-10-17 8:00 AM EDT