22 Feb ParcelPal Technology, Inc. Partners with 5 Vancouver Medical Marijuana Dispensaries
Vancouver, British Columbia, Canada – February 22th, 2017 – ParcelPal Technology Inc. (OTC: PTNYF) (CSE: PKG.CN) (FSE:PT0) (“ParcelPal” or the “Company”), a technology driven logistics company that offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores, is pleased to announce that in addition to the recent dispensary chain announced on January 27, ParcelPal is now available at 5 well- recognized independent Vancouver based medical marijuana dispensaries. These dispensaries are taking advantage of ParcelPal’s technology solution to provide their customers with an on- demand delivery experience. Many of ParcelPal’s launched dispensaries are located in Vancouver’s downtown core and offer a variety of products to consumers. Vancouver residents can now get their medical marijuana delivered straight to their doorsteps in as little as one hour.
President Kelly Abbott states, “We are very pleased with the rapid adoption of our technology by dispensaries in the past three weeks, having signed over 20 in total across Canada. Providing ParcelPal as an online ordering and delivery option creates an alternative sales channel for these dispensaries and allows consumers discreet and safe access to product from the comfort of their homes.” Mr. Abbott further states, “What is especially gratifying, is that these businesses in a nascent market are trusting us with such an important and vital part of their business; building trust is a big part of marketing our technology to the marijuana industry, and our results thus far are indicative of success.”
Customers that order marijuana through ParcelPal will be required to provide their date of birth at checkout to confirm they are 19 years or older and be a current medical marijuana patient in Canada. In order for marijuana to be delivered, the recipient must be 19 years or older and must also be present to sign for the delivery and show proof of legal age with a valid photo ID.
“Medical Marijuana delivery is a very strong area of growth for us as, on average, medical marijuana patients are less mobile and more in need of ParcelPal’s ordering and delivery solutions” stated CEO Jason Moreau.
ParcelPal now has platforms live with three verticals – Liquor, Restaurants, and Marijuana Dispensaries – and has customers signed up with each.
About ParcelPal Technology Inc.
ParcelPal is a technology driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.
The Canadian Securities Exchange (“CSE”) or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.
CSE – Symbol: PKG
FSE – Symbol: PT0
OTC – Symbol: PTNYF
Shares issued and outstanding: 28,188,558
Contact: Kelly Abbott, President, ParcelPal Technology, Inc. – 604-401-8700
Forward Looking Information
This news release contains forward looking statements relating to the Proposed Transaction, and the future potential of ParcelPal. Forward looking statements are often identified by terms such as “will”, “may”, “should”, “intends”, “anticipates”, “expects”, “plans” and similar expressions. All statements other than statements of historical fact, included in this release are forward looking statements that involve risks and uncertainties. These risks and uncertainties include, without limitation, the risk that the Proposed Transaction will not be completed due to, among other things, failure to execute definitive documentation, failure to complete satisfactory due diligence, failure to receive the approval of the CSE and the risk that ParcelPal will not be successful due to, among other things, general risks relating to the mobile application industry, failure of ParcelPal to gain market acceptance and potential challenges to the intellectual property utilized in ParcelPal. There can be no assurance that any forward looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The Company cannot guarantee that any forward looking statement will materialize and the reader is cautioned not to place undue reliance on any forward looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward looking statements contained in this news release are expressly qualified by this cautionary statement. The forward looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward looking statements as expressly required by Canadian securities laws.