ShipTime Acquires Warehowz to Expand North American Capabilities

Rhea-AI Summary

ShipTime (OTC: PAYD) acquired an 80% ownership stake in Warehowz, a North American on‑demand warehousing and fulfillment marketplace, on February 5, 2026. Warehowz brings a network of over 2,500 warehouses across the U.S. and Canada to ShipTime's logistics platform.

The integration aims to provide faster fulfillment, scalable capacity, improved U.S. last‑mile proximity, storage‑on‑demand cost control, and end‑to‑end visibility for enterprise shippers.

Positive

• Acquired an 80% ownership stake in Warehowz
• 2,500+ warehouses added across North America
• Stronger U.S. last‑mile proximity and faster fulfillment
• Enhanced scalable capacity for peak seasons and surges
• Combined warehousing and shipping for end‑to‑end logistics

Negative

• Purchase price and financial terms were not disclosed

TORONTO, Feb. 5, 2026 /PRNewswire/ - ShipTime Canada Inc. a subsidiary of Paid, Inc. (OTC: PAYD), and a leading logistics technology platform offering advanced shipping solutions announces the acquisition of an 80% ownership stake in Warehowz, Inc., a North American on demand warehousing and fulfillment marketplace. This strategic move accelerates ShipTime's expansion while enhancing its ability to support the complex needs of enterprise level shippers.

With a network of over 2,500 warehouses across North America, including facilities in both the United States and Canada, Warehowz provides flexible fulfillment and storage options that help businesses dynamically manage inventory and improve delivery speed. Integrating Warehowz into the ShipTime ecosystem enables merchants and enterprise brands to gain greater control, visibility, and adaptability across the entire supply chain.

This acquisition aligns with ShipTime's long term vision to expand market presence across North America, invest in intelligent logistics technologies, and continue building a platform designed to help merchants Ship Smarter while exceeding modern customer expectations.

Delivering Value for North American and Enterprise Shippers

By adding Warehowz's extensive warehousing network, ShipTime provides customers with new opportunities to bring inventory closer to buyers and respond quickly to demand. For enterprise shippers in particular, this move strengthens ShipTime's ability to deliver:

• Faster fulfillment options through a large North American warehousing network
  
  
• Scalable capacity during peak seasons or inventory surges
  
  
• Enhanced U.S. last mile opportunities through greater proximity to end consumers
  
  
• Better cost control with storage on demand
  
  
• Increased operational flexibility for brands managing multi location or high volume inventory

These capabilities complement ShipTime's growing North American courier network, which includes trusted couriers such as FedEx, UPS, USPS, DHL, Uber, LSO, and many others.

"Modern logistics requires more than competitive courier options. Businesses need integrated solutions that connect fulfillment, warehousing, and delivery into a single, flexible ecosystem. Welcoming Warehowz into ShipTime marks an important step toward that unified future. Their North American presence and adaptive warehouse model strengthen our ability to expand further into the U.S. and deliver an end to end solution for brands that require speed, efficiency, and scalability at every stage of growth."
 – Austin Lewis, CEO of ShipTime Canada Inc.

"We are pleased to announce that Warehowz will be joining ShipTime to offer a broader set of integrated solutions. As a leading logistics technology platform, ShipTime and their partner Paid offer a wealth of sophisticated resources across all facets of business. We are confident that this new combined team will afford us the opportunity to reach a larger audience, improve upon our existing platform and strengthen our valued client relationships.  Above all, we are grateful to join such a fantastic group of professionals who share a goal of improving the logistics industry through technology-based solutions geared towards the modern world."
– Darrell Jervey, CEO of Warehowz Inc.

Strengthening ShipTime's North American Growth Strategy

ShipTime recently introduced its platform to U.S. merchants, bringing its technology driven shipping tools to a rapidly growing market of eCommerce and enterprise shippers. The acquisition of Warehowz accelerates this growth and establishes a strong foundation for continued investment in fulfillment, last mile delivery capabilities, and automated logistics workflows.

With warehousing, fulfillment, and shipping tools now combined within one platform, ShipTime is positioned to support merchants of all sizes with end to end logistics solutions for faster delivery, improved visibility, and better cost efficiency.

About ShipTime

ShipTime is a shipping platform built for everyone from small and medium-sized businesses, to larger enterprises, direct-to-consumer sellers, and online retail brands across North America. The company provides access to discounted courier options, practical shipping tools, and dedicated bilingual Heroic Support™. ShipTime's focus is to help merchants Ship Smarter by lowering costs, improving delivery reliability, and simplifying the shipping experience for modern business-to-business and business-to-consumer needs.

About Warehowz

Warehowz is a leading North American on demand warehousing and fulfillment marketplace connecting businesses with flexible storage and fulfillment capacity across a nationwide network of certified warehouse partners.

Website: www.shiptime.com

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SOURCE ShipTime Canada Inc.

FAQ

What did ShipTime (PAYD) acquire from Warehowz on February 5, 2026?

ShipTime acquired an 80% ownership stake in Warehowz, creating an integrated fulfillment and warehousing capability. According to the company, this adds a network of over 2,500 North American warehouses to ShipTime's platform to support enterprise shippers.

How will the Warehowz acquisition affect ShipTime's shipping and fulfillment services?

The acquisition aims to deliver faster fulfillment and better last‑mile proximity by bringing inventory closer to buyers. According to the company, combined warehousing and courier partnerships improve delivery speed, visibility, and operational flexibility for merchants.

Does the ShipTime acquisition of Warehowz expand operations into the U.S. market?

Yes, the deal strengthens ShipTime's North American footprint and U.S. expansion efforts. According to the company, Warehowz's presence in both the U.S. and Canada supports increased U.S. last‑mile opportunities and a stronger platform for U.S. merchants.

What scale of warehousing capacity did ShipTime gain from the Warehowz deal?

ShipTime gained access to a network of over 2,500 warehouses across North America, enhancing scalable capacity. According to the company, this network supports peak season surges and multi‑location inventory management for enterprise shippers.

Were the financial terms of ShipTime's purchase of Warehowz disclosed for PAYD shareholders?

No, the press release did not disclose the purchase price or financial terms of the transaction. According to the company, operational details and strategic benefits were highlighted, but specific financial consideration was not provided.