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ParcelPal Logistics Inc C.PKG

Alternate Symbol(s):  PTNYF

ParcelPal Logistics Inc. is a Canada-based courier and logistics company that specializes in last mile delivery service and logistics solutions. The Company connects people and businesses through its network of couriers in major Canadian cities, including Vancouver, Calgary, and Toronto, as well as in the western region of the United States. Some of its verticals include pharmacy and health, meal kit deliveries, retail, groceries and more. It provides a range of solutions, including warehousing solutions, next day delivery, same-day delivery and e-commerce integration. The Company offers logistics management services and supply chain solutions. Under warehousing solutions, it streamlines its transport products with warehousing to assist in meeting storage requirements. The Company offers delivery and logistics solutions for business to business, business to customer, and any other tailored creative solution its partners may require.


CSE:PKG - Post by User

Bullboard Posts
Post by Rock34on Jan 28, 2018 6:59pm
119 Views
Post# 27451083

Lots to be excited about here

Lots to be excited about here Low float combined with this Amazon deal that resulted in 150,000 deliveries in the first trial month alone makes this stock way undervalued. Clearly the market hasn't done the math on that deal or this wouldn't be priced here. Pretend they made $10 per delivery, that's $1.5M in a month 12 months = $18M per year revenue. This isn't perfect math of course and we do need to learn some more however let's even cut that in half which is unlikely. That puts revenue at $9M annually in only one market (Vancouver) and during the first month. As market expansion happens, Amazon expands the contracts, new clients come on board (including mmj delivery) then look out. Imo this should be given a marker cap of 10x top line projection which should put us close to $2 As soon as we get revenue guidance today. Then we build from there.
Bullboard Posts