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TICKERS: PKG; PTNYF; PT0

Logistics Firm Expands Into Another Cannabis Industry Segment
News Update

Source:

Its newly entered agreement offers potential for future growth in Canada.

ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTCQB; PT0:FSE) announced in a news release it will provide The Yield Growth Corp.'s subsidiary Urban Juve with same day and on demand delivery of its hemp-based cosmetics.

"This marks a milestone at ParcelPal, launching a new vertical with substantial growth potential," ParcelPal President and CEO Kelly Abbott said in the release. "It's also a unique opportunity to be at the forefront of an exciting new industry with our unique logistics solutions."

Currently, Urban Juve sells its products to more than 90 retailers through North America. However, the agreement with ParcelPal is to launch service initially in Vancouver and subsequently add cities.

Urban Juve's customers will be able to purchase products through Urban Juve's website for which ParcelPal will create exclusive marketplace applications. For example, online patrons will be able to track their purchase in real time and request delivery of their product to any specified location.

"As time and regulations allow, ParcelPal's cannabis network will continue to grow, with the goal of capturing a major piece of Canada's $5.2B legal cannabis market," the company stated.

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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.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ParcelPal Technology. 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 Technology. Please click here for more information.
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