ParcelPal announces the construction of its first warehouse in
VANCOUVER, British Columbia, July 06, 2021 (GLOBE NEWSWIRE) – ParcelPal Logistics Inc. (the “Company” or “ParcelPal”), (OTC: PTNYF) (CSE: PKG) (FSE: PT0) is pleased to announce the signing of an agreement for its first warehouse in the Vancouver area to help it continue to grow.
As part of the Company’s continued expansion and growth plan, the Company has signed a lease for a large warehouse (5,083 square feet) in Coquitlam. This will allow us to respond to many of the new customer agreements more efficiently and cost effectively. It will also have the added benefit of allowing us to grow and scale faster. With our additional warehousing and delivery capabilities, this will allow us to serve the larger customers who have approached us in recent months. Additionally, given the anticipated increase in online delivery needs and expanding business opportunities in the second half of the year, we may need an additional, larger warehouse in one of our other major cities in which we operate, which many factors and considerations in the normal course of an operating business; however, we will provide a future update if and when we run this second warehouse.
CEO Rich Wheeless said, “I am not only happy with the new customers we welcome all the time, but also very happy to have our first warehouse to better serve our larger customers. This has been an important goal for me because not only do I think warehousing is a major growth area in the logistics space, but it marks a major growth milestone for the company. It will also help us have higher margins and be more efficient in planning and executing our routes. We have put in place important pieces of our business puzzle so that we can continue to be an increasingly reliable leader in this area. “
The Company looks forward to providing other important updates in the days and weeks to come.
About ParcelPal Logistique Inc.
ParcelPal is a Vancouver, BC-based company specializing in last mile delivery service and logistics solutions. We’re a customer-focused courier and logistics company that connects people and businesses through our courier network in cities like Vancouver, Calgary, Toronto and soon to other major cities across Canada. Some of our verticals include Pharmaceuticals & Healthcare, Meal Kit Delivery, Retail, Grocery and more.
ParcelPal website: www.parcelpal.com
Neither the Canadian Securities Exchange (“CSE”), the Securities and Exchange Commission, or any other securities regulator have reviewed and accept no responsibility for the adequacy or accuracy of this release. press prepared by management.
OTC – Symbol: PTNYF
CSE – Symbol: PKG
FSE – Symbol: PT0
This press release contains forward-looking statements relating to the proposed transaction and the future potential of ParcelPal. Forward-looking statements are often identified by words such as “will”, “may”, “should”, “intend”, “anticipate”, “expect”, “expect” and similar expressions. All statements other than statements of historical fact included in this press release are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include, but are not limited to, the risk that the proposed Transaction will not be completed due, among other things, to non-performance of final documentation, failure to perform satisfactory due diligence, failure to receive CSE approval and the risk that ParcelPal will not be successful due to, among other things, general risks related to the mobile applications industry, ParcelPal’s failure to be accepted by the market and potential challenges to the intellectual property used in ParcelPal. There can be no assurance that forward-looking statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements.
The Company cannot guarantee that a forward-looking statement will materialize and the reader is cautioned not to place undue reliance on forward-looking information. This information, although considered reasonable by management at the time of its preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will not publicly update or revise the included forward-looking statements except as expressly required by Canadian securities laws.