ParcelPal Logistics Inc. Reports Record Second Quarter 2023 Results Highlighted by All-Time Record Margins, a Near Company-Wide Breakeven Bottom Line and Significant Revenue Growth
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to announce its record Q2 2023 financial results highlighted by revenue growth of 17% (to approximately $2.9M), record gross margins of 27% and a 92% decrease in net loss (from $1.4M in Q2 2022 to $110K in Q2 2023). It is important to note that this was our largest Q2 of gross revenue and highest ever gross margins, and our...
2023-08-29 8:00 AM EDT
ParcelPal Announces Uptick in Business with a Subscription Based Beer and Wine Company
Vancouver, British Columbia--(Newsfile Corp. - August 16, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to announce that it has seen an over 40% uptick in the frequency and total business with subscription beer and wine deliveries with an existing customer in the Vancouver area. The customer is a subsidiary of a group which owns a collection of unique hospitality ventures and their team operates over 20 businesses. While this...
2023-08-16 8:00 AM EDT
ParcelPal Adds Numerous New Delivery Vehicles in the U.S. to Address Increased Business Demands
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that the Company has added eight late model (newer and mixed size, including larger) vehicles to its FedEx fleet. To address our past demand needs, the Company had been placed in the less desirous position of renting and/or increased maintenance on existing vehicles, causing a significant increase in operating...
2023-07-26 8:00 AM EDT
ParcelPal Commences Expansion into Asia
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that the company has commenced its expansion into Asia. We are preparing for a launch of an online store with a local partner in Japan, with other areas planned in the near term. The store we are launching is an online marketplace that specializes in bringing unique and high-quality products from Japan to customers...
2023-07-20 8:00 AM EDT
ParcelPal Announces Profitable Operations in the U.S. Beginning in June 2023
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that beginning in June 2023, its U.S. operations were fully profitable for the first time ever, and we anticipate that to continue moving forward. This is another major milestone for the Company. This was driven by a focus in further adjusting and improving our FedEx operations, which we took over one year ago....
2023-07-17 8:00 AM EDT
ParcelPal Provides Mid-Year Corporate Update, Including Record Q1 Revenues and Second Half 2023 Guidance
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to provide shareholders with the following mid-year corporate update regarding recent significant company initiatives, with more updates to follow in the coming days and weeks. The Company has continued to make major improvements in regard to its operational performance as seen in our record Q1 2023 financials results...
2023-07-11 8:00 AM EDT
ParcelPal Logistics Inc. Reports Record First Quarter 2023 Results Highlighted by Revenue Growth of 11% and Continued Solid Margins
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to announce its record Q1 2023 financial results highlighted by revenue growth of 11% (to approximately $3.0M) and continued solid margins. It is important to note that this was our third largest quarter of gross revenues in the history of the Company, with the largest being Q4 2022 (which was $3.4M). As previously noted, Q1...
2023-05-31 8:00 AM EDT
ParcelPal Announces Official Launch of Mobile Technology and Communications Platform, PulseIR Powered by Fobi AI
Vancouver, British Columbia--(Newsfile Corp. - May 18, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), announces that the company is officially launching the PulseIR technology platform, a personalized, automated, and data-driven mobile IR solution from the PulseIR subsidiary of Fobi AI. PulseIR is a platform-as-a-service (PaaS) that delivers an automated activation and communications channel for investor relations directly through the...
2023-05-18 8:00 AM EDT
ParcelPal Reports Fiscal Year End 2022 Results Highlighted by Record Revenue Numbers and Record Margins
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce its FY 2022 financial results again highlighted by record revenue numbers and record margins. Overview In FY 2022, the Company continued to further expand into new geographic areas and again achieved record revenue numbers, which were driven by annual revenue growth of nearly 50% to approximately $11.2 million (up...
2023-05-16 7:30 AM EDT
ParcelPal Addresses Delayed Annual Report Filing and Related Matters
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") today announced that its annual report filing, including on Form 20-F, due May 1, 2023, was not timely filed due to unexpected delays in completing its audit and the certification of it, and not the result of any financial restatement, disagreements, or other financial reporting issues. Under Canadian regulatory rules, the Company was...
2023-05-09 4:37 PM EDT
ParcelPal Announces Late Filing of Its Annual Financial Disclosure and Application for Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2023) - 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, 2022 (the "Required Filings") will be delayed beyond the prescribed filing deadline of May 1, 2023. The principal reason...
2023-05-01 8:21 PM EDT
ParcelPal Announces Grant of Options and Issues Compensation Shares
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") announces that it has granted 1,250,000 stock options (the "Options") to a consultant of the Company for the purchase of up to 1,250,000 common shares in the capital of the Company, pursuant to the Company's Stock Option Plan. The Options are exercisable for a period of 5 years at an exercise price of $0.05 per share. Fifty percent of...
2023-04-06 6:25 PM EDT
ParcelPal Signs Annual Wallet Pass & AltID License Agreement with Fobi AI
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal"), is pleased to announce that the company has signed a new annual North American license agreement with Fobi AI Inc. to provide ParcelPal with its Wallet Pass platform and digital ID verification solution, AltID. Fobi is a leading global AI and data intelligence company operating today in over 150+ countries worldwide. Fobi provides...
2023-04-05 8:00 AM EDT
ParcelPal Set to Relaunch New and Improved Mobile Application
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce the Company's relaunch of its mobile delivery application on a rolling basis over the coming months, which will enable near-time delivery in localized areas and further diversified revenue streams. Market Readiness and Timing Key to Strategic Tech Relaunch During the Covid-19 pandemic, many businesses were forced...
2023-03-30 8:00 AM EDT
ParcelPal Provides Initial 2023 Corporate Update and Highlights Milestones
Vancouver, British Columbia--(Newsfile Corp. - March 22, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to provide shareholders with the following initial corporate update, with more updates to follow in the coming days and weeks. The Company has continued to make solid improvements in regard to its operational performance. The Company has sustained year over year revenue growth and, most importantly, 95% of our reported...
2023-03-22 9:15 AM EDT
ParcelPal Signs Annual Marketing Contract with PulseIR to Provide an Automated and Mobilized Marketing Channel to Support ParcelPal's Expected Growth and Expansion for 2023
Vancouver, British Columbia--(Newsfile Corp. - March 16, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that it has signed an annual marketing deal with PulseIR, a wholly-owned subsidiary of Fobi AI Inc., to deliver personalized, automated, and data-driven mobile investor relations (IR) solutions to its existing and potential shareholders. Investor relations platforms today must be able to fully deliver the level of...
2023-03-16 9:15 AM EDT
ParcelPal Closes Private Placement to Support Continued Growth
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2023) - ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A) (the "Company" or "ParcelPal") is pleased to announce that it has completed a non-brokered private placement (the "Offering") pursuant to which the Company raised approximately $406K CAD. The Company issued and sold 20,944,640 units for aggregate proceeds of approximately $356,000 CAD, each unit consisting of one common share (each a "Share") and one transferable...
2023-03-14 5:57 PM EDT
ParcelPal Signs Amazon Work Order Contract
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2018) - ParcelPal Technology Inc. (CSE: PKG) (FSE: PT0) (OTC Pink: PTNYF) ("ParcelPal" or the "Company"), is pleased to provide an update to shareholders for the current work order contract with online retail outlet Amazon.com, Inc. ParcelPal has engaged in a work order contract with Amazon.com Inc. to fulfill package delivery on behalf of Amazon to residents in Metro Vancouver British Columbia, Canada. ParcelPal has seen exceptional...
2018-01-23 8:00 AM EST
ParcelPal Closes Private Placement
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2018) - ParcelPal Technology Inc. (CSE: PKG) (FSE: PT0) (OTC Pink: PTNYF) ("ParcelPal" or the "Company"), announces that it has completed its non-brokered private placement, as announced on January 9th, 2017 (the "Private Placement"). Pursuant to the Private Placement, the Company has issued 12,105,111 units (the "Units") at a price of $0.135 per Unit for gross proceeds of $1,651,040. Each Unit will consist of one common share of...
2018-01-15 7:00 AM EST
ParcelPal Announces Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2018) - ParcelPal Technology Inc. (CSE: PKG) (FSE: PT0) (OTC Pink: PTNYF) ("ParcelPal" or the "Company"), announces that it proposes a non-brokered private placement financing of up to 10,000,000 units (each a "Unit") at a price of $0.135 per Unit for gross proceeds of $1,350,000 (the "Offering"). Each Unit will consist of one common share of Parcel Pal and one share purchase warrant (each a "Warrant"), with each whole Warrant...
2018-01-09 8:57 PM EST