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ParcelPal Logistics Inc. (OTCQB: PTNYD) is a Vancouver-based company specializing in last-mile delivery service and logistics solutions, with operations in the United States. The company offers customer-driven courier and logistics services, connecting individuals and businesses through its network of couriers. ParcelPal serves various verticals, including pharmacy & health, meal kit deliveries, retail, groceries, and more.
The company recently announced a management cease trade order (MCTO) granted by the British Columbia Securities Commission due to a delay in filing its annual financial statements. ParcelPal is working to appoint a new auditor and complete the audit to remedy the default and file the required documents by June 10, 2024. The MCTO restricts the CEO and CFO from trading in the company's securities until the filings are complete.
ParcelPal Logistics Inc. (OTCQB: PTNYD) has been granted a Management Cease Trade Order (MCTO) by the British Columbia Securities Commission due to a delay in filing its annual financial statements and analysis. The MCTO restricts the CEO and CFO from trading in company securities until filings are completed. The company is working to appoint a new auditor and plans to file the required documents by June 10, 2024. ParcelPal will issue bi-weekly default status reports until the MCTO is lifted.
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