ParcelPal Technology (CSE: PKG) (FSE: PT0) (OTC: PTNYF) is partnering with Canadian cannabis topicals company The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (Frankfurt: YG3) for same-day and on-demand delivery and sale of hemp-based cosmetics.
The cosmetics will be offered by Yield Growth’s subsidiary Urban Juve. The partnership will launch the delivery service in Vancouver and intends to expand it to additional cities across Canada.
Urban Juve’s customers will be able to purchase through Urban Juve’s website and ParcelPal will create an exclusive marketplace application. Urban Juve hemp products are currently sold in over 90 locations including well-known pharmacy chains across North America, with a plan to expand that to 130 retail outlets in the near future.
Customers will be able to track their purchase in real-time and have their product delivered to any location they specify. As time and regulations allow, ParcelPal’s cannabis network will continue to grow, with the goal of capturing a major piece of Canada’s $5.2 billion legal cannabis market.
“ParcelPal is thrilled to be working an innovative company such as The Yield Growth’s Corp, which is addressing one of the fastest-growing subsegments of the $4.2 trillion wellness market with unique derived and cannabis-infused products. This marks a milestone at ParcelPal, launching a new vertical with substantial growth potential. It’s also a unique opportunity to be at the forefront of an exciting new industry with our unique logistics solutions,” ParcelPal President and CEO Kelly Abbott stated.
Yield Growth Cannabis/Hemp Business
Yield Growth is engaged in developing, manufacturing and distributing cannabis and hemp-infused luxury product brands Urban Juve and Wright & Well, and has a catalog of over 200 wellness and beauty formulas.
The company wants to disrupt the international wellness market – a $4.2 trillion global economy according to the Global Wellness institute – by connecting ancient healing with modern science and technology. Its flagship consumer brand Urban Juve has patient pending hemp root extraction technology and has 12 patents pending. Yield is building international distribution channels and has multiple revenue streams including licensing, services and products.