New Deal as Part of its Growth Plan VANCOUVER, British Columbia, Aug. 09, 2021 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (the “Company” or “ParcelPal”), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce as part of the Company’s broader plan to continue to diversify its customer base and execute on additional profitable business engagements, it has signed a new customer agreement over the past week. This new agreement is with a customer that provides wellness products to its clients and also rewards them for steps they take towards their health and wellness via their app. Clients can choose rewards from a variety of local businesses as well. This new customer agreement does not involve a national or large regional chain type customer; however, it should provide for higher margins, which will continue to help the company drive not only its revenue, but also its improvement in operating performance.
ParcelPal will be providing same day and next day delivery services for this new client to customers in the Vancouver area. CEO Rich Wheeless stated, “I am happy to continue to sign another B2B customer especially in the wellness space to help sustain the improvement in operating performance. While we will continue to sign additional new customers in Canada, we will be focusing heavily on our expansion into the United States as well as other territories as opportunities arise, as we look to create additional value for our shareholders.”
The Company looks forward to providing a further material update in the coming days.
About ParcelPal Logistics Inc.
ParcelPal is a Vancouver, British Columbia based company that specializes in last-mile delivery service and logistics solutions. We are a customer-driven, courier and logistics company connecting people and businesses through our network of couriers in cities including Vancouver, Calgary, Toronto and soon in other major cities Canada-wide. Some of our verticals include pharmacy & health, meal kit deliveries, retail, groceries and more.