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Delay in Required Filings of ParcelPal Logistics Inc.

ParcelPal Logistics Inc. (OTCQB: PTNYF) (CSE: PKG) (FSE: PT0A), based in Vancouver, British Columbia, has announced a delay in the filing of its audited annual financial statements, management’s discussion and analysis, and related certifications for the year ended December 31, 2023. The company will not meet the prescribed filing deadline of April 29, 2024.

The main reason for the delay is due to the termination of the company’s auditor, BF Borgers, by the Canadian Public Accountability Board. As a result, ParcelPal is in the process of appointing a new auditor to complete the necessary filings, which is causing the delay.

ParcelPal has applied to the British Columbia Securities Commission for a management cease trade order (MCTO), which could restrict trading in the company’s securities by management. The company is working diligently to appoint the new auditor and plans to file the required documents by June 10, 2024.

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Compliance Measures and Forward-Looking Statements

If the MCTO is granted, ParcelPal intends to adhere to the alternative information guidelines as outlined in National Policy 12-203 — Management Cease Trade Orders. The company aims to keep shareholders informed through regular updates and disclosures of any material information related to its affairs.

ParcelPal Logistics Inc. confirms that there are no insolvency proceedings against the company and that all material information concerning its affairs has been disclosed. The company is committed to resolving the default and completing the required filings promptly.

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About ParcelPal Logistics Inc.

ParcelPal is a Vancouver-based company specializing in last-mile delivery services and logistics solutions, with operations in the United States. Their customer-centric approach connects individuals and businesses through a network of couriers, serving various sectors such as pharmacy and health, meal kit deliveries, retail, and groceries.

For more information, visit ParcelPal’s website at www.parcelpal.com.

Contact Information

Investor Contact
[email protected]
T: (587) 883-9811

Company Contact
[email protected]
T: (587) 883-9811

Disclaimer and Forward-Looking Information

This news release contains forward-looking statements regarding ParcelPal’s future potential and business outlook. While management believes these statements are reasonable, there are inherent risks and uncertainties that could affect the company’s actual results. ParcelPal will continue to update shareholders as required by Canadian securities laws.

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