Ankündigung • Feb 28
ParcelPal Logistics Inc. announced that it has received CAD 0.277875 million in funding On February 27, 2024, ParcelPal Logistics Inc. closed the transaction. The transaction included participation from three investors. Board Change • Feb 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Brock Vandrick was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 01
ParcelPal Logistics Inc. Announces Changes to its Board ParcelPal Logistics Inc. announced that it has appointed Michael Sprague to its board of directors. Mr. Sprague has an extensive background in e-commerce and social media and has spent the majority of his career in the technology space. Additionally, he has served as an executive and other roles in multiple publicly traded companies. Simultaneous with this appointment, existing director Mr. Robert Faissal has stepped down as a Company director, effective immediately. Mr. Faissal's resignation is not the result of any disagreement or discord, and is instead due to his desire to focus on other business matters at this time. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: CA$0 (vs CA$0.006 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0 (improved from CA$0.006 loss in 3Q 2022). Revenue: CA$3.64m (up 39% from 3Q 2022). Net loss: CA$103.7k (loss narrowed 91% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CA$0 (vs CA$0.008 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0 (improved from CA$0.008 loss in 2Q 2022). Revenue: CA$2.92m (up 17% from 2Q 2022). Net loss: CA$110.4k (loss narrowed 92% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
Full year 2022 earnings released: CA$0.019 loss per share (vs CA$0.027 loss in FY 2021) Full year 2022 results: CA$0.019 loss per share (improved from CA$0.027 loss in FY 2021). Revenue: CA$11.2m (up 50% from FY 2021). Net loss: CA$3.53m (loss narrowed 14% from FY 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 02
Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.018 loss in 3Q 2021) Third quarter 2022 results: CA$0.006 loss per share (improved from CA$0.018 loss in 3Q 2021). Revenue: CA$2.62m (up 51% from 3Q 2021). Net loss: CA$1.19m (loss narrowed 45% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.008 loss per share (vs CA$0.004 loss in 2Q 2021) Second quarter 2022 results: CA$0.008 loss per share (down from CA$0.004 loss in 2Q 2021). Revenue: CA$2.51m (up 90% from 2Q 2021). Net loss: CA$1.44m (loss widened 216% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Reported Earnings • May 06
Full year 2021 earnings released: CA$0.027 loss per share (vs CA$0.053 loss in FY 2020) Full year 2021 results: CA$0.027 loss per share (up from CA$0.053 loss in FY 2020). Revenue: CA$7.52m (up 19% from FY 2020). Net loss: CA$4.10m (loss narrowed 16% from FY 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. No highly experienced directors. Member of Board of Advisors Vikas Ranjan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.018 loss per share (down from CA$0.012 loss in 3Q 2020). Revenue: CA$1.74m (up 18% from 3Q 2020). Net loss: CA$2.18m (loss widened 99% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Ankündigung • Nov 30
ParcelPal Logistics Inc. (CNSX:PKG) acquired a 95% stake in Web to Door Trucking Corp. for $2.8 million. ParcelPal Logistics Inc. (CNSX:PKG) acquired a 95% stake in Web to Door Trucking Corp. for $2.8 million on September 15, 2021. Purchase price consisting of 60% cash and 40% payable in restricted shares of ParcelPal’s common stock. The cash portion of the purchase price will be paid in three tranches, beginning on the closing date of the transaction. Each tranche to be funded as follows: Concurrently with the acquisition, $700,000 on closing, $640,000 will be advanced 45 days from the closing date (paid subsequent to September 30, 2021), $520,000 will be advanced 90 days from the closing date and $325,000 will be advanced upon mutual agreement by ParcelPal and noteholder at 120 days from the closing date, together with the prorated 5 % OID. It also, includes cash assumptions of $117,321. ParcelPal Logistics Inc. issued 13,777,778 common shares as part of the acquisition. ParcelPal Logistics Inc. completed a non-brokered private placement, pursuant to which it issued an unsecured multi-tranche convertible note with a face value of up to $2,300,000 to an arm’s length investor.
ParcelPal Logistics Inc. (CNSX:PKG) completed the acquisition of a 95% stake in Web to Door Trucking Corp. on September 15, 2021. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CA$0.004 loss per share (vs CA$0.009 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: CA$1.32m (down 8.6% from 2Q 2020). Net loss: CA$454.7k (loss narrowed 43% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
First quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.01 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CA$1.19m (up 8.1% from 1Q 2020). Net loss: CA$1.39m (loss widened 61% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Ankündigung • Mar 17
ParcelPal Technology Inc. announced that it expects to receive $1 million in funding ParcelPal Technology Inc. (CNSX:PKG) announced a non-brokered private placement of an unsecured convertible note with a face value of up to $1,050,000 for gross proceeds of $1,000,000 on March 15, 2021. The note will be issued at an original issue discount of 5% of the principal amount. The note bears interest at a one-time guaranteed rate of 5% on the principal sum of each funded tranche, and has a maturity date of six months from the date of each tranche funding. The conversion price is $0.13 per share into common shares. The securities issued are subject to a hold period of four months and one day. The company did not pay any finder’s fees or issue any warrants in connection.
On the same date, the company received $350,000 in its first tranche. The remaining $650,000 will be funded in two subsequent tranches, each in the amount of $325,000 within 30 and 60 days, respectively. Is New 90 Day High Low • Feb 06
New 90-day high: CA$0.22 The company is up 175% from its price of CA$0.08 on 06 November 2020. The Canadian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is down 1.0% over the same period. Ankündigung • Jan 15
ParcelPal Announces the Execution of New Client Agreements over the Past Month ParcelPal Technology Inc. announced as part of the Company’s broader plan to continue to diversify its customer base and execute on additional profitable business engagements, it has signed multiple new customer agreements over the past month. Among new customers is a food company in the gluten free, paleo & vegan food industry, as well as a weekly meal delivery kit company. These new customer agreements do not involve national or large regional chain type customers; however, they do provide for higher margins, which will continue to help the company drive not only its revenue, but also its improvement in operating performance. Reported Earnings • Dec 24
Third quarter 2020 earnings released: CA$0.012 loss per share The company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: CA$1.47m (up 13% from 3Q 2019). Net loss: CA$1.10m (loss widened 54% from 3Q 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 03
Third quarter 2020 earnings released: CA$0.012 loss per share The company reported a soft third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: CA$1.47m (up 13% from 3Q 2019). Net loss: CA$1.10m (loss widened 54% from 3Q 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Ankündigung • Nov 26
ParcelPal Technology Inc. Announces the Execution of Service Agreement with One of Canada’s Leaders in the Specialty Pharmacy Services Space ParcelPal Technology Inc. announced the signing of an agreement to provide delivery services with one of Canada’s fastest growing and trusted providers of comprehensive specialty pharmacy services and solutions. The company operates a rapidly growing national network of pharmacy fulfilment centres throughout Canada. ParcelPal will be providing same day and next day prescription delivery to different facilities in the Edmonton, Alberta and Calgary, Alberta areas to start, with other cities to follow. Ankündigung • Oct 01
ParcelPal Technology Inc. announced that it expects to receive $0.5 million in funding ParcelPal Technology Inc. (CNSX:PKG) announced a non-brokered private placement of an unsecured convertible note with a face value of up to $ 525,000 at a discount of $500,000 on September 30, 2020. The note will be issued at an original issue discount of 5% of the principal amount. The note bears interest at a one-time guaranteed rate of 5% on the principal sum of each funded tranche, and has a maturity date of six months from the date of each tranche funding. The conversion price is $0.6 per share into common shares. The securities issued are subject to a hold period of four months and one day. The company did not pay any finder’s fees or issue any warrants in connection.
On the same date, the company received $150,000 in its first tranche. The tranche was received at original issue discount of $7,500 or 5% of the principal amount. The remaining $350,000 will be funded in two subsequent tranches, each in the amount of $175,000 within 30 and 60 days, respectively. Ankündigung • Sep 24
Parcelpal Announces the Launch of Its New Website to Benefit Customers ParcelPal Technology Inc. announced that it has successfully launched a new and improved website for all of its customers across its service territories. This is part of the Company's renewed focus on its corporate clients. The new mobile- friendly website is easier to use, more visually engaging, and simpler for customers to find the information they need faster. Features of the new website include intuitive navigation, a robust alert notification area, dynamic search functionality and an enhanced news feed platform. Ankündigung • Sep 18
ParcelPal Technology Inc Announces the Execution of Two More Customer Agreements and Further Company Expansion ParcelPal Technology Inc. announced that, as part of the Company’s continuing growth plan, it has signed two additional customer agreements over the past week, which are in addition to the numerous customer agreements and expansion arrangements in the past month. The first such agreement is with Adele Ray Florist Ltd., another flower subscription service based in Vancouver, for which will be providing delivery services in Burnaby, Vancouver and numerous surrounding Lower Mainland areas. The second such agreement is with Discover Dogs, a pet supply store for which will be providing delivery services in the greater Vancouver area. ParcelPal will be providing same-day and next-day delivery services for these two companies. Additionally, as part of the Company’s continued expansion and growth plan, the company is in the process of executing a lease agreement for a large warehouse in Vancouver. This will allow to service some of the new customer agreements more efficiently and more cost-effectively. This will also have the added benefit of enabling to expand and scale faster. In this regard, the Company has recently acquired numerous new vehicles to help with the demand and the increased growth the company has experienced, and which anticipate will experience as a result of added warehousing and delivery capabilities. The company believe that, based on an anticipated surge of holiday online delivery needs and expanded business opportunities, the company may has the need for an additional larger warehouse in one of other major cities in which operate, which is subject to a number of factors and consideration in the normal course of an operating business; however, will provide a future update if and when execute on such second warehouse facility.