PKG.C -- Undervalued/profitable logistics play
PKG is starting a new leg up after some consolidation. Bullish MACD cross is a technical buy signal. Profitable and very undervalued at just $15M mkt cap.
Comment:
Bollinger Squeeze breakout!
VANCOUVER, British Columbia, April 08, 2021 (GLOBE NEWSWIRE) -- ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce the signing of an agreement to provide delivery services with Sysco@Home. This was upon the successful completion of our pilot that was previously announced on March 9th.
Sysco@Home is the global leader in selling, marketing and distributing food products to restaurants, healthcare, educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries.
We are working with the newly launched “at-home” division that offers a wide range of restaurant-quality food products, including dairy, cut meats, poultry, fresh produce, freezer and pantry staples, in addition to household products and cleaning supplies. With their online grocery delivery, residents can stock-up and elevate their at-home food experience.
ParcelPal is currently providing delivery services to Sysco@Home in Calgary and Edmonton. We are currently looking to expand into additional major cities and territories with them.
Rich Wheeless stated, “The foodservice area has been another focus of growth for us. Being able to work with the global foodservice leader is another big milestone for the Company. Working with a company of this size allows us to not only expand quickly but to be able to serve the consumers who need and want these goods at home. I am very proud of the hard work by the entire ParcelPal team to make the pilot a success and for us to continue to have a long relationship with Sysco@Home.”
The Company looks forward to providing further updates as they occur.