A BC-based delivery company has signed a deal with Canadian cannabis producer Aphria (NYSE:APHA,TSX:APHA) to offer same-day delivery of medical cannabis products.

Through ParcelPal (CSE:PKG,OTC Pink:PTNYF), Aphria’s patient customers will be able to purchase products online from its e-commerce storefront — including softgels and cannabidiol (CBD) oil — and receive their orders via the ParcelPal platform, which allows delivery tracking in real time.

ParcelPal CEO Kelly Abbott said Thursday (August 22) that the legal cannabis sector has “significant growth potential” for his company.


Cannabis - Will The Fortune 500 Join The Party?

Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!

“We are launching our legal cannabis delivery platform at the ideal time as legislation across the country continues to expand the addressable cannabis marketplace,” Abbott added.

Canada’s medical marijuana market is expected to grow quickly over the next few years. A Statista report projects that medical cannabis will generate C$1.74 billion this year and C$2.35 billion by 2025.

The new collaboration will kick off in the city of Calgary, Alberta. The delivery company has promised that consumers will be able to receive their goods within an hour.

It’s unclear whether ParcelPal’s delivery deal with Aphria will be exclusive.

In an interview with Forbes, ParcelPal Chairman Brian Storseth confirmed the Calgary launch, but added that these delivery services will also expand to Windsor and Toronto in Ontario.

“We are thrilled to be working with Aphria, one of the largest (licensed producers) in Canada, and a major international player in the cannabis industry,” said Storseth.

The marijuana market has been steadily increasing its delivery capacities. On Monday (August 19), California-based cannabis company MedMen Enterprises (CSE:MMEN,OTCQX:MMNFF) announced a new delivery service, complete with a rewards program.

ParcelPal hopes its service will help curb driving under the influence of marijuana, as users will not need to pick it up themselves.

Last month, ParcelPal made a similar deal with The Yield Growth (CSE:BOSS,OTCQB:BOSQF), a Canadian cannabis topicals company, to distribute hemp-based cosmetics from The Yield Growth’s subsidiary Urban Juve starting in Vancouver.


Cannabis - Will The Fortune 500 Join The Party?

Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!

In June, ParcelPal reported that it has made 2.5 million deliveries since starting operations in 2017.

Abbot indicated that the company plans to expand its partnerships in all of its verticals, including the cannabis and liquor industries, which could offer higher margins for ParcelPal.

The company also revealed a partnership with Canadian e-commerce company Shopify (NYSE:SHOP,TSX:SHOP) in June. It will integrate the ParcelPal app with Shopify’s digital platform, allowing licensed producers to ship to medical and recreational cannabis users across Canada.

At the beginning of August, Aphria reported net revenue of C$128.6 million in its fiscal fourth quarter, an increase of 75 percent from Q3.

ParcelPal shares opened at C$0.22 on Thursday and closed at C$0.19.

Aphria’s shares opened at C$8.75 in Toronto on Thursday. By close, prices were at C$8.65. In New York, Aphria opened at US$6.60 and ended the trading day at US$6.50.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Danielle Edwards, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Yield Growth is client of the Investing News Network. This article is not paid-for content.


Cannabis - Will The Fortune 500 Join The Party?

Our Exclusive FREE Report Contains Information You NEED To Know About Cannabis Stock Investing!

 TerrAscend Corp. (“TerrAscend” or the “Company”) (CSE: TER) (OTCQX: TRSSF), a leading North American cannabis operator, today announced that it has received pre-qualification approval for cultivation, processing and retail licenses from the state of Michigan’s Marijuana Regulatory Agency pursuant to the Medical Marihuana Facilities Licensing Act. The pre-qualification approval represents TerrAscend’s successful completion of the most comprehensive portion of the State’s licensing and regulatory approval process. The pre-qualification approval is a key closing condition for TerrAscend’s previously announced acquisition of Gage Growth Corp.(“Gage”) (the “Transaction”). The Transaction will close as soon as possible after receipt of the applicable shareholder, court and other regulatory approvals and satisfaction or waiver of all other conditions in the definitive arrangement agreement (the “Arrangement Agreement”).

Keep reading... Show less


HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (“HempFusion” or the “Company”), a leading health and wellness Company offering premium probiotic supplements and products containing CBD, is pleased to announce it has increased the size of its previously announced non-brokered private placement from USD $2,000,000 to over USD $2,500,000 (the “Private Placement”). This increase is designed to accommodate additional demand that the Company has received in the financing.

Keep reading... Show less

Management team to discuss upcoming corporate milestones and review recent developments

Emerging leader in innovative health and wellness beverages and products, BevCanna Enterprises Inc. ( CSE:BEV , Q:BVNNF , FSE:7BC ) (“BevCanna” or the “Company”) announces today is pleased to announce it will host a special management call to discuss upcoming corporate milestones and review recent developments. The teleconference will be held on Monday September 20, 2021, at 7:30 a.m. PST.

Keep reading... Show less

Harvest Health & Recreation Inc. (“Harvest”) ( CSE: HARV OTCQX: HRVSF ), a vertically integrated cannabis company and multi-state operator in the U.S., today announced the opening of a new medical dispensary in Kissimmee, Florida .

Keep reading... Show less

Adastra Holdings Ltd. (formerly Phyto Extractions Inc.) (CSE: XTRX) (FRA: D2EP) (” Adastra ” or the ” Company “) is pleased to announce that it has entered into a share purchase agreement dated September 15, 2021 (the ” Share Purchase Agreement “) pursuant to which the Company has agreed to acquire all the issued and outstanding shares of 1204581 B.C. Ltd., doing business as Phyto Extractions (” Phyto Extractions “) from the shareholders (each, a ” Vendor “) of Phyto Extractions (the ” Acquisition “).

Keep reading... Show less