Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: PKG; PTNYF; PT0

Logistics Firm Claims It's One Step Closer to Becoming the 'Uber of Cannabis in Canada'
News Update

Source:

The company starts a one-hour delivery service of cannabis products in Saskatchewan.

ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTC.MKTS; PT0:FSE) is one step closer to becoming the 'Uber of cannabis in Canada,' according to the company's president and CEO, Kelly Abbott.

Abbot made his remarks as part of the announcement that ParcelPal—a logistics company—begins delivery of Kiaro's cannabis products in the Canadian city of Saskatoonon on April 15.

ParcelPal promises to deliver within an hour of receiving an order.

The announcement was made in a news release in April 11 and a month after ParcelPal and Kairo signed a distribution agreement.

ParcelPal explained there are two ways to place a delivery order. In the first one, customers need to access Kiaro's website, select the product they wish to buy and choose ParcelPal as their delivery option.

The system will send an email with a code word that the client must present upon accepting the delivery.

Customers will also have the alternative of placing an order through ParcelPal's own platform. This second option requires an upload to verify customers' identities.

"The identity verification system ensures that the person is of age, and that the identity is in fact real. The identification is checked twice—once before and once upon delivery," noted the company.

According to ParcelPal, either way the system provides for live tracking of the delivery, "so you can watch our driver deliver your goods within the hour."

CEO Abbott stated his hopes that its cannabis delivery services will soon extend to other cities in the province of Saskatchewan and elsewhere in Canada.

"We look forward to expanding into additional cities in Saskatchewan and beyond with Kiaro," he said, adding, "Customers no longer have to wait for upwards of a week to safely receive their product. We are now one step closer to becoming the Uber of cannabis in Canada."

Kiaro's CEO, Daniel Petrov, stated his hopes that ParcelPal’s one-hour delivery will help legitimize the cannabis industry.

"Enabling the delivery of cannabis products within the hour is an important milestone, as we look to legitimize the industry and normalize cannabis use," he said, adding, "Through the accelerated delivery of strategically curated products, we hope to inspire greater cannabis curiosity, exploration and education."

[NLINSERT]

Disclosure:
1) Mario Santana compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ParcelPal. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with ParcelPal. Please click here for more information. Within the last six months, an affiliate of Streetwise Reports has disseminated information about the private placement of the following companies mentioned in this article: ParcelPal.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ParcelPal, a company mentioned in this article.




Want to read more about Cannabis and Technology investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe