ParcelPal Logistics Inc. - $PTNYF STOCK NEWS

Welcome to our dedicated page for ParcelPal Logistics news (Ticker: $PTNYF), a resource for investors and traders seeking the latest updates and insights on ParcelPal Logistics stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ParcelPal Logistics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ParcelPal Logistics's position in the market.

04/16/2024 07:08 PM

News

ParcelPal Announces Late Filing of Its Annual Financial Disclosure and Application for Management Cease Trade Order

Rhea-AI Summary

ParcelPal Logistics Inc. announces a delay in filing its annual financial statements for the year ended December 31, 2023, due to the termination of its auditor. The company has applied for a management cease trade order (MCTO) with the British Columbia Securities Commission to restrict trading by management until the filings are complete. ParcelPal is working to appoint a new auditor and aims to file the required documents by June 10, 2024.

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End-of-Day

-11.76%

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04/12/2024 08:00 AM

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ParcelPal Logistics Provides Update on Progress of Antminer Hosting Site in the Southern United States, Capable of up to 100 MW (Megawatts), and Note From the CEO on its Reverse Stock Split

Rhea-AI Summary

ParcelPal Logistics Inc. is progressing on securing a large site in the southern U.S. for antmining machines, with a potential processing power of 100 Megawatts. The company plans to enter a letter of intent soon, pending financing terms. The site's electricity will be powered by natural gas, offering more favorable energy rates. Initial projections indicate gross revenue of approximately $3.4 million per month with net profit margins of 15-20%. CEO Rich Wheeless aims to launch the business line in the second fiscal quarter of 2024.

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End-of-Day

15%

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04/05/2024 07:33 PM

News

ParcelPal Announces Share Consolidation

Rhea-AI Summary

ParcelPal Logistics Inc. announces a consolidation of common shares on a 10:1 basis, with trading to start on April 11, 2024, under the symbol 'PKG'. The Consolidation aims to streamline the share structure and is subject to CSE approval.

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03/26/2024 08:00 AM

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ParcelPal Logistics Announces Update on its Strength with its Largest U.S. Customer, and Provides an Update on the Proposed Antmining Hosting Business Line

Rhea-AI Summary

ParcelPal Logistics Inc. (PTNYF) reports a 10% increase in volume with its largest customer, accounting for 80% of revenue. The company plans to diversify into hosting data centers and mining equipment, negotiating competitive electricity rates.

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03/06/2024 08:00 AM

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ParcelPal Logistics Announces Its First Approval of Multiple Warehouse Locations from Its Asian Partner

Rhea-AI Summary

ParcelPal Logistics Inc. announces the approval of the first four warehouses from its Asian partners for its intended warehousing expansion plan. The combined processing power potential for these locations is 280 MW. The company aims to have the first site operational within the next 60 days, focusing on securing agreements and negotiating utility costs to maximize revenue potential.

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End-of-Day

31.71%

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02/29/2024 11:59 AM

News

ParcelPal Logistics Submits Numerous Warehouse Locations for Immediate Consideration to Accelerate its 2024 Expansion Strategy

Rhea-AI Summary

ParcelPal Logistics Inc (PTNYF) progresses in its warehousing expansion plan by identifying potential sites for hosting antimining machines. The company aims to finalize agreements and begin installation within the next 60 days to generate high-margin revenue.

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End-of-Day

-5.33%

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02/14/2024 05:39 PM

News

ParcelPal Announces Consulting Agreement, Debt Settlement and Compensation Shares

Rhea-AI Summary

ParcelPal Logistics Inc. announces the retention of Richard Underhill to develop its Warehousing Division, with a fee of $10,000 USD per month for three months and potential extension. Mr. Underhill to receive shares upon establishment of warehouse and crypto mining facilities.

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End-of-Day

14.29%

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01/30/2024 08:00 AM

News

ParcelPal Logistics Begins Expansion of its Warehousing Division with an LOI for its First Hybrid Facility in the United States

Rhea-AI Summary

ParcelPal Logistics Inc. has signed a non-binding Letter of Intent with a data center equipment manufacturing company to expand its warehousing footprint and related revenues in 2024. The company plans to lease a U.S. based hybrid facility and sublease space to the client for setting up 10,000 antminer machines. The goal is to diversify the business and achieve 100% occupancy and net profitable operations.

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End-of-Day

-11.11%

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01/03/2024 08:00 AM

News

ParcelPal Logistics Announces the Largest Volume Days in the History of the Company

Rhea-AI Summary

ParcelPal Logistics Inc. (PTNYF) has experienced its largest volume days in the history of the Company, with a 20% higher volume in the United States than originally projected. The CEO remains bullish for 2024, citing unprecedented business and growth opportunities. The Company has also been granted a six-month extension to hold its 2023 Annual General Meeting.

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End-of-Day

11.11%

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12/07/2023 08:00 AM

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ParcelPal Logistics Announces November 2023 Financial Results Led by Continued Record Margins and Increased Operational Profits

Rhea-AI Summary

ParcelPal Logistics Inc. (PTNYF) reports consecutive month of operating profitability with a 30% gross margin in November 2023, following their best third quarter in company history. CEO Rich Wheeless anticipates a strong finish to the year and foresees even stronger growth opportunities in 2024.

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