14 Feb ParcelPal Appoints Cannabis, Logistics & Gaming Finance Professional to CFO
Vancouver, British Columbia, Canada – February 14, 2018 – ParcelPal Technology Inc . (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) is pleased to announce the appointment of Devon Brown to the company’s board of directors and as acting CFO.
Devon Brown is a finance professional with experience in the Cannabis, Logistics and Gaming Industries. He brings to ParcelPal more than 12 years of Corporate Finance and Capital Markets experience, an extensive background in business transformation and strategy, and a deep knowledge of the technology industry. He most recently served as Chief Financial Officer for United Greeneries Ltd., a Medicinal Cannabis startup, where he implemented the overall corporate and governance model, contributed to the creation of the corporate strategy, facilitated the acquisition of a cultivation license from Health Canada and a merger with Phytotech Medical Ltd., a publicly listed corporation on the Australian Stock Exchange.
Prior to his role at United Greeneries, Mr. Brown served as Senior Business Analyst at British Columbia Lottery Corporation, a full-spectrum gaming and entertainment company, where he worked with their technology division to deliver high impact solutions for the innovative PlayNow online gaming platform.
As CFO, Mr. Brown will report directly to Kelly Abbott, Chief Financial Officer of ParcelPal, and will oversee ParcelPal’s finance, accounting, corporate development, financial planning & analysis (FP&A), internal audit, tax and treasury areas of the business.
Kelly Abbott President and CEO states, “Over the last year I have had the pleasure of working with Devon on various aspects of our business. His insight has been invaluable as he has tremendous insight on the industry and shares our corporate vision in the uberization of things. We are delighted that he has accepted to join the company’s board of directors and taken the position as our CFO as ParcelPal progresses.”
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.
ParcelPal Website: www.parcelpal.com
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
Contact: Peter Hinam, Investor Relations – firstname.lastname@example.org
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.