VANCOUVER, British Columbia,
March 21, 2019 /CNW/ -- ParcelPal
Technology Inc. ("ParcelPal" or the "Company"), (CSE: PKG) (FSE:
PT0) (OTC: PTNYF) – is pleased to announce that the company has
achieved a major milestone of completing more than 2 million
deliveries.
This significant achievement shows the growth and further
validation that ParcelPal is well on their way to becoming the most
diverse and top on-demand delivery company in Canada and soon the United
States. ParcelPal's go forward plan includes continuing to
expand their technology, complete more symbiotic join ventures and
to push the platform on multiple consumer verticals, while rapidly
expanding their service across Canada and the
United States.
Additionally, the Company is in the final stages of launching
medical and recreational cannabis delivery with Choom and Kiaro.
This delivery initiative is expected to commence in April 2019 (further details will follow) and
anticipated to open new markets and drive additional users to the
platform.
President and CEO Kelly Abbott
states, "We are extremely excited to have achieved this major
milestone. Our growth in 2018 was tremendous and our team has grown
significantly. We are looking forward to a successful rollout in
the cannabis industry amongst other verticals in the coming months
across Canada with existing and
future partnerships."
Additionally, ParcelPal Technology Inc. has retained the
services of Renmark Financial Communications Inc. to handle its
investor relations activities. In consideration of the services to
be provided, the monthly fees incurred by ParcelPal Technology Inc.
will be a cash consideration of up to $5,000 CAD, starting April
1st, 2019 for a period of six months ending on September 30th , 2019 and monthly thereafter.
Renmark Financial Communications does not have any interest,
directly or indirectly, in ParcelPal Technology Inc. or its
securities, or any right or intent to acquire such an interest.
About ParcelPal Technology Inc.
ParcelPal is a technology driven logistics company that connects
consumers to the goods they love. Customers can shop at partner
businesses and through the ParcelPal technology receive their
purchased goods within an hour. The Company offers on-demand
delivery of merchandise from leading retailers, restaurants,
medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities
Canada-wide.
ParcelPal Website: www.parcelpal.com
The Canadian Securities Exchange ("CSE") or any other securities
regulatory authority has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release
that has been prepared by management.
CSE – Symbol: PKG
FSE – Symbol: PT0
OTC – Symbol: PTNYF
Forward Looking Information
This news release contains forward looking statements relating
to the Proposed Transaction, and the future potential of
ParcelPal. Forward looking statements are often identified by
terms such as "will", "may", "should", "intends", "anticipates",
"expects", "plans" and similar expressions. All statements
other than statements of historical fact, included in this release
are forward looking statements that involve risks and
uncertainties. These risks and uncertainties include, without
limitation, the risk that the Proposed Transaction will not be
completed due to, among other things, failure to execute definitive
documentation, failure to complete satisfactory due diligence,
failure to receive the approval of the CSE and the risk that
ParcelPal will not be successful due to, among other things,
general risks relating to the mobile application industry, failure
of ParcelPal to gain market acceptance and potential challenges to
the intellectual property utilized in ParcelPal. There can be
no assurance that any forward-looking statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements.
The Company cannot guarantee that any forward-looking statement
will materialize, and the reader is cautioned not to place undue
reliance on any forward-looking information. Such
information, although considered reasonable by management at the
time of preparation, may prove to be incorrect and actual results
may differ materially from those anticipated. Forward looking
statements contained in this news release are expressly qualified
by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news
release and the Company will only update or revise publicly any of
the included forward looking statements as expressly required by
Canadian securities laws.
Contact:
Peter Hinam
Director
Investor Relations
peter@parcelpal.com
+1-604-401-8700
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SOURCE ParcelPal Technology Inc.
