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Logistics Firm Moves Further Toward Becoming 'Uber of Cannabis for Canada'
News Update

Source:

This company forges partnerships with cannabis companies to deliver, within an hour, their products to customers.

ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTC.MKTS; PT0:FSE) announced in a news release it signed an agreement with Kiaro Cannabis to distribute its cannabis products in Canada. ParcelPal is a technology-driven logistics company; Kiaro is a Vancouver-based cannabis retailer.

"Our objective is to become the Uber of cannabis for Canada, and this takes us one step closer to our goal," ParcelPal President and CEO Kelly Abbott said in the release.

Through this collaboration, ParcelPal will deliver Kiaro's cannabis orders directly to customers. And customers will receive their products within an hour. This compares to the alternative of using a more traditional delivery service, which can take up to seven days.

The companies stated that the initiative consists of:

  • Distribution: ParcelPal and Kiaro will jointly develop an optimal roadmap for the distribution of adult use cannabis, ultimately creating the "Amazon Effect" within the cannabis industry.

  • Accessibility: The companies will integrate their technology platform to enhance the user experience and improve product accessibility.

  • Compliance: All cannabis products delivered will be within parameters set by all the relevant regulatory bodies.

  • Safety: Both companies are dedicated to socially responsible cannabis retail and, by enabling cannabis delivery within the hour, hope to deter cannabis impaired driving.

Customers can order Kiaro's products either through ParcelPal or Kiaro's online platforms. Those ordering through ParcelPal will have to upload and verify their identity, upon ordering and at delivery, and be present to receive the delivered goods.

"Our technology enables seamless integration with any retail outlet or e-commerce platform for cannabis," Abbott added.

President and CEO of Kiaro, Daniel Petrov stated, "The distribution partnership with ParcelPal illustrates our ongoing commitment to normalize cannabis use, by improving product accessibility."

The distribution agreement is ParcelPal's second that is aimed at capturing share of the cannabis distribution market in Canada; the first is with Choom Holdings Inc. (CHOO:CSE; CHOOF:OTC).

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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