ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTCQB; PT0:FSE) announced in a news release it just achieved record revenue of $20,000 in a single day by delivering thousands of packages.
Management anticipates the company will continue this level of operations through the holiday season, leading ParcelPal to exceed revenue expectations for 2019.
"With continued forward progression in our operating activities, we have been aggressive in taking advantage of small- and medium-sized enterprises locally," President and CEO Kelly Abbott said in the release. "We are consistently targeting new markets with potential investment and brand partners while vetting out strategic opportunities to expand our business and increase shareholder value."
In other news, the company intends to apply for approval from the Canadian Securities Exchange to extend the expiry date to July 31, 2020 from Jan. 12, 2020 of 12,229,925 common share purchase warrants issued to subscribers via ParcelPal's private placement. All terms will remain the same through the extended period.
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.
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.
