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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 kijijion Apr 24, 2020 5:17pm
194 Views
Post# 30951745

Postpones Filing of Audited Financial Statements and MD&A

Postpones Filing of Audited Financial Statements and MD&A
ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (PT0.F) (PTNYF) announces that it has postponed filing its audited financial statements and Management’s Discussion & Analysis for the year ended December 31, 2019 (the “Annual Documents”) due to logistics and delays caused by the COVID-19 pandemic.
 
ParcelPal is relying on exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay the filing of its Annual Documents required by National Instrument 51-102 by April 29, 2020. In response to the COVID-19 pandemic, securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings.
 
The Company estimates that its 2019 Annual Documents will be available for filing at its earliest opportunity, which is expected to occur on or before June 13, 2020. Until such time as the 2019 Annual Documents are filed, the Company’s management and other insiders are subject to a trading blackout that reflects the principles contained in section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
 
There have been no material business developments since the date of the last interim financial statements, filed on November 29 , 2019; however, the Company has issued news releases subsequent to November 29 2019, copies of which are available on SEDAR at
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