Aphria reaches new distribution agreement in Canada
Aphria Inc. (NYSE: APHA) (TSX:APHA) and ParcelPal Technology Inc. (CSE: PKG) (OTC: PTNYF) are set to announce a new strategic partnership later today. Its focus will be in the delivery of APHA’s medical cannabis products through PKG’s logistical services.
As per a report by Forbes, distribution will begin in the Calgary market and will expand to other regions shortly thereafter. Aphria will be in charge of the marijuana-derived products and online sales, and ParcelPal will provide the logistical framework for delivery and the push of products through their various delivery apps. Orders will be trackable in real time.
Kelly Abbot, CEO of ParcelPal, said that “The legal cannabis space continues to serve as a sector filled with significant growth potential for ParcelPal. Management believes that we are launching our legal cannabis delivery platform at the ideal time as legislation across the country continues to expand the addressable cannabis marketplace. We expect to leverage numerous business opportunities in the upcoming year. We look forward to establishing ourselves as a market leader in the cannabis delivery space and capturing meaningful market share in 2019 and beyond.”
Brian Storseth, Chairman of the board for ParcelPal, commented on the arrangement: “We are thrilled to be working with Aphria, one of the largest LPs in Canada, and a major international player in the cannabis industry, by offering them and their clients access to deliveries starting with Calgary, Windsor and Toronto and expanding from there across Canada.”
ParcelPal said in a statement that they expect the arrangement to also “will furthermore assist in eliminating impaired drivers from our roadways by removing their need to drive to or from cannabis stores for product” from Aphria and MADD Canada’s perspective.
