ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTCQB; PT0:FSE) announced in a news release it partnered with Aphria Inc. to distribute/deliver legal medical cannabis in Canada.
Aphria, one of the largest Canadian licensed producers, will supply the product and the online sales portal. ParcelPal will distribute the product through its delivery applications. Customers will be able to track their purchase in real time and have their product delivered directly to any local place they specify.
The two companies will first roll out the program in Calgary, Alberta, and later add other cities.
"In collaboration with ParcelPal, Aphria Inc and MADD Canada are confident that this program will not only enable consumers unfettered access to their medicinal cannabis in a safe and timely manner but will furthermore assist in eliminating impaired drivers from our roadways by removing their need to drive to or from cannabis stores for product," the company noted.
"We are thrilled to be working with Aphria on this exciting new venture that will help to kick off the next evolution of our company. The legal cannabis space continues to serve as a sector filled with significant growth potential for ParcelPal. . .we are launching our legal cannabis delivery platform at the ideal time as legislation across the country continues to expand the addressable cannabis marketplace," ParcelPal CEO Kelly Abbott said in the release.
"We expect to leverage numerous business opportunities in the upcoming year. We look forward to establishing ourselves as a market leader in the cannabis delivery space and capturing meaningful market share in 2019 and beyond," Abbott added.
The release noted that legal cannabis is a $4 billion market in Canada.
Read what other experts are saying about:
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: ParcelPal Technology. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with ParcelPal Technology. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ParcelPal Technology, a company mentioned in this article.
