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ParcelPal Announces Highest January Revenue Month on Record

VANCOUVER, British Columbia, Feb. 15, 2023 (GLOBE NEWSWIRE) -- ParcelPal Logistics Inc. (the “Company” or “ParcelPal”), (OTC:PTNYF) (CSE:PKG) (FSE:PT0A) is pleased to announce that it recorded its highest January gross revenue month in the history of the Company. This follows the trend from 2022 of improved margins, continued revenue growth and expansion successes. The Company recorded approximately $1.2M CAD in gross revenue, which is over 10% higher than January 2022, which was the then highest January revenue month.

CEO Rich Wheeless stated, “We have continued to focus on higher margins, cutting inefficiencies and we have benefitted from economies of scale. Despite the headwinds in the global markets, we continue to be able to show positive momentum and achieve our milestones that we previously laid out. I look forward to the Company continuing to sign more profitable contracts, moving into new industries and markets, and improving its financial performance further still.”

The Company looks forward to providing additional material updates in the coming days and weeks.

About ParcelPal Logistics Inc.

ParcelPal is a Vancouver, British Columbia based company that specializes in last-mile delivery service and logistics solutions. We are a customer-driven, courier and logistics company connecting people and businesses through our network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, as well as in the western region of the United States. Some of our verticals include pharmacy & health, meal kit deliveries, retail, groceries and more.

ParcelPal Website:

Neither the Canadian Securities Exchange (“CSE”), the Securities and Exchange Commission nor any other securities regulatory authority has reviewed and do not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.

OTC – Symbol: PTNYF CSE – Symbol: PKG FSE – Symbol: PT0A

Contact Information

Investor Contact T: (587) 883-9811

Company Contact

Rick Underhill, Director of Investor Relations ParcelPal Logistics Inc. T: (587) 883-9811

Forward Looking Information

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