- Courier company, ParcelPal Technology (CSE:PKG) has signed a service agreement with vitamin and supplement provider, Body Energy Club
- The company will provide same-day and next-day delivery services for Body Energy Club’s customers in Canadian cities, starting with Vancouver
- This is one of several agreements which ParcelPal has signed in the past month, as it diversifies its customer base
- In other news, the company has farewelled three board of director members, and settled a debt of C$27,000
- ParcelPal Technology is up 7.14 per cent and is currently trading at 15 cents per share
Courier company, ParcelPal Technology (CSE:PKG) has signed a service agreement with vitamin and supplement provider, Body Energy Club.
Body Energy Club operates brick-and-mortar stores in Canada and the US, an online store, and a warehouse facility. The company provides a range of over 6,200 products from the vitamins and nutritional supplement industry.
Through the agreement, ParcelPal will provide same-day and next-day delivery services to Body Energy Club’s customers. The company will begin with customers in Vancouver, and eventually expand the delivery services to other cities.
This agreement with Body Energy Club is one of several other agreements which ParcelPal has signed over the past month. This includes a contract in the healthcare sector, a vital market and customer base which the company hopes to enter.
ParcelPal’s CEO, Rich Wheeless, said that the COVID-19 pandemic has affected most of us in one way or another.
“Many people around the country want to make sure they have access to what they need to be able to maintain their healthy lifestyles and fitness goals.
“Therefore, it is all the more important that they continue to have safe access to the vitamins and supplements that they need in a timely manner.
“I am extremely proud that we are able to work with the team at Body Energy Club to provide this vital service during this time and beyond,” he said.
In other news, three members of the company’s board of directors have stepped down from their roles. This included ParcelPal’s former CEO, Kelly Abbott, who has stepped down now that the transition of power has completed.
Peter Hinam and Ian Tostenson have also left the board, as part of the company’s diversification and growth plan.
ParcelPal has also announced the settlement of a C$27,000 debt. The company achieved this by issuing 270,000 common shares at 10 cents each.
ParcelPal Technology is up 7.14 per cent and trading at 15 cents per share at 1:57pm EDT.