one of Canada's largest fastest growing independent marketer Parkland serves motorists, businesses, consumers, as well as wholesalers across Canada and the United States. The company’s growth is primarily driven through acquisitions, evident by its purchase of Chevron Canada’s downstream fuel business making them the sole distributor for Chevron branded fuels.Speaking of acquisitions, recently the company entered the frozen food business with the purchase of M&M Foods. The acquisition is certainly a new avenue for growth for Parkland, and it will be very interesting to see how it works out.
Another positive from the company's acquisition-heavy strategy is the fact that a variety of brands allows it to distribute its products to a wide range of markets across North America.
Prior to the pandemic, Parkland had some outstanding growth. In fact, it was one of the fastest-growing mid-cap stocks in the country. But, the pandemic hit the company hard as travel activity collapsed in the midst of shutdowns. It certainly didn't help its refining business either, as the price of crude oil inevitably collapsed as a result of the lack of travel.