ParcelPal Logistics Inc C.PKG

Alternate Symbol(s): PTNYF

Industrials

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.

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ParcelPal Logistics Inc

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Post by JimboBobcaton Jul 14, 2020 10:49am

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Post# 31265239

June9 MD&A on Sedar(CustomerA: Amazon-CustomerB: APP sales)

Below shows the customer performance of PKG and its revenue for 2019. As you can see it's main sales are Amazon with almost 99% of sales for 2019 in total. APP sales are growing from 2018 at an increase of 1213% but still insignificant from Amazon sales, which also grew 40.34%.

PKG needs to continue working on their strategy to increase the APP sales and drive user aquisition to increase customer B into a significant revenue stream. Once they impliment this strategy we should be looking at a more viable company. Right now we are a UPS for Amazon. Still a viable business but not what this company was intended to be in the first place.

SEGMENTED INFORMATION
Significant customer sales are as follows:

Customers
Customer A
Customer B

Location
Canada
Canada

December 31, 2019
Customer A: (Amazon) $ 4,722,577
Customer B: (APP Sales) $ 60,288

December 31, 2018
Customer A: (Amazon) $ 3.365,040
Customer B: (APP Sales) $ 4,590