Market Herald logo


Be the first with the news that moves the market
  • GOLO Mobile (GOLO) has unveiled its delivery pricing model for Montreal
  • Delivery fees are based on various zonings, with lower rates for shorter delivery distances
  • The announcement follows the January 27 launch of the company’s ‘GOLO Essentials’ initiative
  • GOLO shares are down 3.33 per cent at C$0.29, with a market cap of C$36.94 million

GOLO Mobile (GOLO) has revealed its delivery zone pricing model for Montreal.

GOLO Mobile offers a new eco-friendly delivery service for food and everyday items to customers in high population areas.

The delivery fee structure will set a maximum fee for zones classified as ‘extended delivery’ and will offer lower rates for shorter delivery distances.

According to the pricing, areas with significant population density will receive a flat delivery fee of C$1.50. Local deliveries within a specified zone will receive a flat delivery fee of C$3.99 with no minimum purchase requirements. 

Delivery from outside of a local zone will be capped at a maximum fee of C$5.99, with a minimum purchase value of C$25.

“Our delivery zone pricing model is the result of our commitment to better serve our merchants and users. We understand that delivery fees are not a one-size-fits-all value for consumers. In fact, our structure demonstrates to users in high physical-density areas, and to merchants, the benefit of local choices and of partnering with GOLO,” said President and CEO, Peter Mazoff. 

The announcement comes off the back of the company’s ‘GOLO Essentials’ launch on January 27, which aims to satisfy the growing consumer demand for the delivery of everyday items; such as baby products, personal care and first aid.

“GOLO Essentials is ideal for high-population density areas and for anyone who cannot get to a pharmacy or convenience store because of weather, health, or workload,” said Mr. Mazoff. 

“GOLO continues to expand our offering of products and services to our customers in Montreal.”

The company uses electric vehicles, bikes and runners in order to minimize its impact on the global environment.

GOLO shares are down 3.33 per cent at C$0.29, with a market cap of C$36.94 million.

More From The Market Herald
Featured Video Play Icon

" OpSens (TSX:OPS) announces first SavvyWire procedure in the U.S.

OpSens (OPS) is announcing the first SavvyWire procedure in the U.S.

" Galaxy Digital (TSX:GLXY) to launch inaugural NFT collection

Galaxy Digital (GLXY) will launch its first NFT project in collaboration with TIMEPieces.

" Railtown (CSE:RAIL) partners with Quisitive to empower software engineers

Railtown AI Technologies (RAIL) has signed a Service Provider License Agreement with Quisitive Technology Solutions.
Featured Video Play Icon

" Rapid Dose Therapeutics (CSE:DOSE) to supply leading gas and convenience store retailer

Rapid Dose (DOSE) has signed a supplier agreement with a leading gas and convenience store retailer.