ParcelPal Logistics Inc (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A), a Vancouver-based last-mile delivery service and logistics solutions company, is making significant progress in its intended warehousing expansion plan. The company has identified multiple potential warehouses to host antimining machines and has been submitting them for consideration by the antmining company.
ParcelPal is diligently working to identify the initial warehouse facility that meets the necessary criteria for this business purpose. The selection process involves considering factors such as minimum electricity supply needs and geographic suitability. The company aims to initiate the first facility within the next 60 days.
Once the initial site is approved, ParcelPal will secure the appropriate agreements and negotiate favorable utility costs to maximize revenue potential. The company will then be able to accept the delivery of hardware for installation at the approved facilities. The partnership with the antmining company is expected to generate high-margin revenue for ParcelPal upon consummation.
CEO Rich Wheeless expressed excitement about the potential of this deal, highlighting the significant cash flow and high-margin revenue it can generate for the company. While there are no guarantees, ParcelPal believes this business line has the potential to propel the company forward and benefit its shareholders. The company recognizes the challenges faced by small-cap companies in the public markets but remains optimistic about the value and market cap of ParcelPal.
ParcelPal is committed to transparency and inclusion for its shareholders. As the company receives facility approvals and progresses further, it will provide additional updates to keep shareholders informed. ParcelPal’s goal is to achieve success and continually improve its operations.
ParcelPal specializes in connecting people and businesses through its network of couriers, offering last-mile delivery services and logistics solutions. The company serves various verticals, including pharmacy & health, meal kit deliveries, retail, and groceries.
Neither the Canadian Securities Exchange (CSE), the Securities and Exchange Commission, nor any other securities regulatory authority has reviewed or accepted responsibility for the adequacy or accuracy of this news release prepared by management.
ParcelPal’s stock symbols are as follows:
– OTCQB: PTNYF
– CSE: PKG
– FSE: PT0A
For further information, please contact ParcelPal’s investor relations team at investors@parcelpal.com or call (587) 883-9811.
This news release contains forward-looking statements regarding ParcelPal’s future potential. These statements involve risks and uncertainties, and actual results may differ materially from anticipated results. The company cannot guarantee the materialization of any forward-looking statements, and readers are advised not to place undue reliance on them. The risk of discontinuation of business by third-party customers is also a factor beyond the company’s control.
ParcelPal remains committed to its goal of success and will continue to work towards improvement. Further updates will be provided in the coming days and weeks, and the company appreciates the support of its shareholders.
Source: [Newsfile Corp](https://www.newsfilecorp.com/release/199902)
