Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: PKG; PTNYF; PT0

Logistics Company Gears Up Operations to Meet Increased COVID-19 Related Demand
News Update

Source:

ParcelPal Technology hired 50 new staff members in order to guarantee that service levels can be maintained without disruption to clients and vendors as the firm faces major increases in demand.

In a news release, ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTCQB; PT0:FSE) announced that "in response to the Coronavirus Pandemic (COVID-19), the company has hired approximately 50 new staff members to ensure service levels can be met resulting from major increases in demand without disruption to both our clients and vendors." In addition, the firm indicated that it has expanded the delivery radiuses for both its clients and vendors.

The company advised that it has seen a significant pick up in the number of total deliveries. The firm added that this is a result of an increased number of vendors that are being serviced as well as an increase in its active user base.

The company's President and CEO Kelly Abbott remarked, "The safety and well-being of everyone who interacts with ParcelPal is always our priority. We are actively monitoring the coronavirus (COVID-19) situation and are taking steps to help keep our communities safe. Despite the Corona Virus pandemic, we want to ensure that our services are not affected for customers and our vendors. We will continue to service our customers and communities during this pandemic by continuously adding new personnel to our roster to ensure all services levels are met."

"We have also added contactless delivery program, as an option to better allow handling of all items that mitigates any potential exposure to COVID-19 for all parties involved with the transaction. We are working closely with all partners to ensure the safety of our staff and our community. These efforts combined with a streamlined process are starting to result in a huge influx of deliveries, as we surpass our milestone early this year," Abbott added.

ParcelPal Technology's logistics services allows customers to shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour or the same day. The company stated that it offers "on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver, Calgary, Saskatoon and soon in major cities Canada-wide."

[NLINSERT]

Disclosure:
1) Stephen Hytha 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 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. Please click here for more information.
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 Technology, a company mentioned in this article.




Learn More about Which Online Broker is Right for You?

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

A valid email address is required to subscribe