ParcelPal Announces Execution of Service Agreement ParcelPal Announces Execution of Service Agreement with a Sizable Hydroponics Company
VANCOUVER, British Columbia, Nov. 08, 2021 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (the “Company” or “ParcelPal”), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce the signing of an agreement to provide delivery services for a sizable new client in the hydroponics space. We started working with this new client a few weeks ago. They operate a growing global network of environmentally friendly urban farms and grow a diverse range of top-quality produce all year round, right where you are.
ParcelPal will be providing deliveries of the products that are getting grown to local stores in the greater Toronto area, with the plan to quickly expand into other cities. We expect this contract to generate six figures a year in gross revenue over the course of 12 months on a profitable basis. CEO Rich Wheeless stated, “This is an exciting new area of growth for the Company and we are excited to be working with this new client. Since we have started the demand and response has been great. Additionally, we get to be a part of a deal that helps with a cleaner and brighter future for the planet by helping to reduce the carbon footprint.”
The Company looks forward to providing additional updates in the coming days and weeks.