Logistics Firm Moves Further Toward Becoming ‘Uber of Cannabis for Canada’

By The Life Science Report

Source: Streetwise Reports   03/14/2019

This company forges partnerships with cannabis companies to deliver, within an hour, their products to customers.

ParcelPal Technology Inc. (PKG:CSE; PTNYF:OTC.MKTS; PT0:FSE) announced in a news release it signed an agreement with Kiaro Cannabis to distribute its cannabis products in Canada. ParcelPal is a technology-driven logistics company; Kiaro is a Vancouver-based cannabis retailer.

“Our objective is to become the Uber of cannabis for Canada, and this takes us one step closer to our goal,” ParcelPal President and CEO Kelly Abbott said in the release.

Through this collaboration, ParcelPal will deliver Kiaro’s cannabis orders directly to customers. And customers will receive their products within an hour. This compares to the alternative of using a more traditional delivery service, which can take up to seven days.

The companies stated that the initiative consists of:

• Distribution: ParcelPal and Kiaro will jointly develop an optimal roadmap for the distribution of adult use cannabis, ultimately creating the “Amazon Effect” within the cannabis industry.
• Accessibility: The companies will integrate their technology platform to enhance the user experience and improve product accessibility.
• Compliance: All cannabis products delivered will be within parameters set by all the relevant regulatory bodies.
• Safety: Both companies are dedicated to socially responsible cannabis retail and, by enabling cannabis delivery within the hour, hope to deter cannabis impaired driving.

Customers can order Kiaro’s products either through ParcelPal or Kiaro’s online platforms. Those ordering through ParcelPal will have to upload and verify their identity, upon ordering and at delivery, and be present to receive the delivered goods.

“Our technology enables seamless integration with any retail outlet or e-commerce platform for cannabis,” Abbott added.

President and CEO of Kiaro, Daniel Petrov stated, “The distribution partnership with ParcelPal illustrates our ongoing commitment to normalize cannabis use, by improving product accessibility.”

The distribution agreement is ParcelPal’s second that is aimed at capturing share of the cannabis distribution market in Canada; the first is with Choom Holdings Inc. (CHOO:CSE; CHOOF:OTC).

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with ParcelPal. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of ParcelPal, a company mentioned in this article.

( Companies Mentioned: PKG:CSE; PTNYF:OTC.MKTS; PT0:FSE,
)