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PTNYF seems to be consolidating and looks like its finding new support in the mid .20's
Same here, I feel like a kid waiting for Christmas morning :)
Looking for some big updates on the last few deals they've done
PTNYF hosting an investor update conference call on May 17th, 2019 to review the Company's recent progress.
The Company would also like to inform shareholders that it will be releasing its quarterly financial statements for Q4 FY2018 ( October 1, 2018 - December 31, 2018 ) by April 30, 2019 .
PTNYF over 2 million deliveries achieved and plans to launch cannabis delivery this month with Choom and Kairo, I'm ready for this to bust through .30
I think you may be right, nice eye
Looking for trend reversal today. We saw the pullback earlier this week and right now on the US side, it looks like the 50MA is crossing above the 200 .... cough cough.... Golden cross?
GLTA PTNYF
https://www.technical420.com/cannabis-article/parcelpal-is-innovating-the-cannabis-home-delivery-experience/#
ParcelPal Is Innovating The Cannabis Home Delivery Experience
This week, we attended the CannaGather Colorado event and were impressed with the types of companies that attended this cannabis networking event. One of the interesting takeaways that we had from this event pertained to the increasing number of cannabis companies that are focused on ancillary business opportunities.
During the last year, we have seen a significant increase in the number of publicly traded cannabis companies and most of these new listings have been focused on the cultivation and sale of cannabis in the United States or Canada. While we are favorable on these opportunities, the valuations have become a little inflated and we have been focused on discovering ancillary cannabis companies that have significant growth potential and attractive valuations.
ParcelPal Technology Inc. (PKG.CN) (PTNYF) represents an attractive ancillary cannabis company that is in the early innings of a major growth cycle. The company provides on-demand local delivery services in North America and has secured strategic relationships with leading global conglomerates as well as leading Canadian cannabis retailers.
Why ParcelPal is a Company to Watch
One of the reasons why we are favorable on PacelPal is due to the number of avenues for growth. The company represents a multi-faceted growth opportunity and it has been executing on its strategic growth initiatives, attracting new strategic relationships, and looking at further city expansions.
Last week, ParcelPal announced a major milestone and reported to have completed more than 2 million deliveries. This was a major achievement for the ancillary cannabis company and we believe that it further validates its growth prospects. ParcelPal is in the early stages of a major expansion and its growth strategy includes the following:
The company plans to continue to expand and enhance its technology
ParcelPal plans to enter into additional symbiotic joint ventures
The company plans to push the platform across multiple consumer verticals while rapidly expanding their reach in North America.
Cannabis Delivery Services with Choom and Kiaro are Coming Soon
Last year, ParcelPal announced a strategic distribution agreement with Choom Holdings, Inc. (CHOO.CN) (CHOOF), a leading cannabis retailer in Canada. Under the agreement, the companies will jointly develop a roadmap for distribution within various provinces for recreational cannabis, will use their respective platforms to enhance user experience, and will create a delivery platform that complies with the regulations set forth by all regulating bodies in Canada.
Parcel Pal has been executing flawlessly on this growth initiative and is in the final stages of launching medical and recreational cannabis delivery services with Choom and Kiaro. This delivery initiative is expected to commence in April and is expected to open new markets and drive additional users to the ParcelPal platform. In the coming weeks, we expect to receive an update on this strategic growth initative and this is something that we expect to be a catalyst for the company.
Secures Relationships with Strategic Partners to Support Growth
One of the exciting aspects of the ParcelPal story pertains to the strategic relationships that it has in place. We believe that these relationships will play an important part in the company’s growth story and expect to see ParcelPal form new relationships in the coming months.
One relationships that we are excited about is the one with Amazon.com (AMZN). This relationship has already proven to be a major value driver and the company has a contract for Vancouver, British Columbia and Everett, Washington. When it comes to distribution, Amazon is one of the most attractive potential partners and we will be monitoring how ParecelPal continues expand on its relationship with the online retail giant.
In late January, ParcelPal formed a strategic partnership with MADD Canada to aid in the continuous fight to prevent impaired driving. MADD Canada has endorsed ParcelPal as their official delivery service in Canada and we think this relationship will prove to beneficial to the company. MADD Canada has over 100 Chapters and Community Leaders in Canada and we consider this to be a strategic relationship that can help support growth.
A Growth Opportunity to be Watching
ParcelPal ended 2018 on a high note, ending the year with a run rate of over 3.5 million, and we are excited about the growth prospects associated with this opportunity. The company has done an incredible job securing strategic partners that can help support growth and this is an opportunity that we believe is flying under the radar.
During the last month, the shares have been trending higher and we believe that this opportunity is starting to gain traction. ParcelPal is company that has been flying under the radar and we think this is starting to change. By partnering with companies that have a high profile like Choom, awareness for the company improves and we expect it to become even better known as the team continues to execute.
Although the recent rally has been significant, we find the valuation to be compelling as it is below the $30 million mark. ParcelPal is led by a management team with a proven track record and we are favorable on its growth prospects. To learn more about this emerging ancillary cannabis opportunity, please reach out to support@technical420.com
Four Marijuana Stocks Looking To Kick Off A Strong Week On Monday
http://www.baystreet.ca/viewarticle.aspx?id=540056
That's what I'm speculating on as well. PTNYF still very under the radar in the US in my opinion
$CHOOF entering Florida!
Choom Signs LOI to Enter Florida Market Through Investment in Vertically-Integrated Cannabis Applicant
https://www.technical420.com/cannabis-article/choom-signs-loi-to-enter-florida-market-through-investment-in-vertically-integrated-cannabis-applicant/
Let's not forget
ParcelPal Signs Agreement for Marijuana Distribution With Choom Holdings Inc.
https://www.newswire.ca/news-releases/parcelpal-signs-agreement-for-marijuana-distribution-with-choom-holdings-inc-694498251.html
That was a paid article. Not a good sign when you pay a company six figures to write positive articles.
I like the idea .. I’ll stay tuned
Tech Delivering The Future
https://stockprice.com/stock-price-featured-content/tech-delivering-the-future-2019-03-22/
That volume at the open was eye catching. Crazy surge.
For sure, looks like PTNYF may see another record breaking volume day at this rate
You ain't kidding. PTNYF smoking hot this morning
Sure is, look at today's volume and its only 10:15 :)
LOoks like people are finally starting to notice this little diddy. PTNYF beast mode this week
They're a CSE listed company with their dual listing on the OTC...look into listing info for CSE.
$PTNYF Catalysts
https://stockhouse.com/companies/bullboard?symbol=c.pkg&postid=29519724
We plan to keep this expansion paralleled with Canada. California has very big opportunities for us, keep an eye out for news.
We are aiming to partner up with one of the major LP’s in Canada. We have had conversations with a few players, but I cannot comment further than that.
Anytime I enter a new market, to lower capex, I always wish to have partnerships within that region. The cannabis market needs a reliable and innovative distribution partner, so are expecting this to be a large growth catalyst for our national expansion strategy.
We’ve aimed ourselves at the medical space to start, and we’re now taking the proper steps to position ourselves for the opportunities that are present within the recreational space.
From a market perspective, I believe the focus has been on cannabis producers and I think the market will switch to looking at ancillary businesses that support production and distribution.
We for our customers, we will be doing some very innovative things moving forward. We are aiming to handle all fulfillment requirements for Choom, we will have more news about this in the future.
We do not have any plans to raise capital in the near future. As I move into new markets, our strategy is to mitigate any spending on unnecessary marketing by forming strategic partnerships.
Actually too many things to name...
Don't forget about
AMAZON: https://www.parcelpal.com/2018/04/04/parcelpal-achieves-gold-status-amazon-fulfillment-provider/
KIARO: https://www.parcelpal.com/2019/03/13/parcelpal-signs-cannabis-distribution-agreement-kiaro/
CHOOM: https://www.newswire.ca/news-releases/parcelpal-signs-agreement-for-marijuana-distribution-with-choom-holdings-inc-694498251.html
The New Board member and what he will bring: https://www.newswire.ca/news-releases/parcelpal-welcomes-brian-storseth-to-the-board-of-directors-and-acting-chairman-896744976.html
MADD Canada: https://ca.finance.yahoo.com/news/parcelpal-announces-strategic-partnership-madd-123000995.html
It's getting pretty close
Might end up being another day of record volume...we'll see how the rest of power hour goes
For sure, so close I can taste it! Go PTNYF
Same, but volume lookin good if momo keeps up I think its a possibility
Inches away, nice jump from previous close.
CEO interview, many catalysts for those whop missed it !
https://technical420.com/cannabis-article/ceo-spotlight-kelly-abbot-parcelpal
Looking like .30 may be in the near future...
$PTNYF Profitability
Profit Margin -107.37%
Operating Margin (ttm) 0.00%
Management Effectiveness
Return on Assets (ttm) -83.27%
Return on Equity (ttm) -229.60%
$PTNYF back to $.03 cents. Book Value Per Share (mrq) 0.03
https://technical420.com/cannabis-article/parcelpal-achieves-milestone-two-million-deliveries
ParcelPal Achieves Milestone of Two Million Deliveries
ParcelPal Technology Inc. ("ParcelPal" or the "Company"), (CSE: PKG) (FSE: PT0) (OTC: PTNYF) – is pleased to announce that the company has achieved a major milestone of completing more than 2 million deliveries.
This significant achievement shows the growth and further validation that ParcelPal is well on their way to becoming the most diverse and top on-demand delivery company in Canada and soon the United States. ParcelPal's go forward plan includes continuing to expand their technology, complete more symbiotic join ventures and to push the platform on multiple consumer verticals, while rapidly expanding their service across Canada and the United States.
Additionally, the Company is in the final stages of launching medical and recreational cannabis delivery with Choom and Kiaro. This delivery initiative is expected to commence in April 2019 (further details will follow) and anticipated to open new markets and drive additional users to the platform.
President and CEO Kelly Abbott states, "We are extremely excited to have achieved this major milestone. Our growth in 2018 was tremendous and our team has grown significantly. We are looking forward to a successful rollout in the cannabis industry amongst other verticals in the coming months across Canada with existing and future partnerships."
Additionally, ParcelPal Technology Inc. has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities. In consideration of the services to be provided, the monthly fees incurred by ParcelPal Technology Inc. will be a cash consideration of up to $5,000 CAD, starting April 1st, 2019 for a period of six months ending on September 30th , 2019 and monthly thereafter. Renmark Financial Communications does not have any interest, directly or indirectly, in ParcelPal Technology Inc. or its securities, or any right or intent to acquire such an interest.
Up almost 7% on the day, not too shabby go PYNTF
Weed Delivery Is En Route
https://stockprice.com/stock-price-featured-content/dont-worry-weed-deliver-2019-03-18/
Massive volume today, with lots of accumulation. something is going on here. my eyes are glued to the screen...
WOW is right look at that volume! Go PTNYF!!!
Solid open on PTNYF today WOW
I say the same thing about ACB buying out MCOA. They suck right now, and wish i could cry, but MCOA is launching in the UK and I am keeping my fingers crossed that ACB can see them, because ACB is hitting the UK hard. But yes, this could be a huge in for cannabis. Delivery is key because some people dont feel safe driving with it, or going to a public place to buy it. As well as if you just ran out and you have a pizza on the way hahaha
Disruptive Delivery Company Signs Deal for Cannabis Distribution
https://www.streetwisereports.com/article/2019/03/15/disruptive-delivery-company-signs-deal-for-cannabis-distribution.html
Agreed, great news this week in expanding their cannabis distro with Kairo. There's always that small piece of me that thinks maybe one day that there may be a possibility that PTNYF may ink a deal with ACB being that ACB is a investor in CHOOF which PTNYF has a distro agreement with. Hopeful thinking and just speculation of course, but you never know right?
I was just talking about this with someone else re: PTNYF. In my opinion, that's what separates the quality from the BS pennies.
GLTA
These are great, and the thing I love is that this company isn't just dropping a bunch of random news bombs. They are only releasing factual moves that they are making as they are making them. Instead of the Traditional pump and dump penny stocks that are out there
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