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Private company

ParcelPal Logistics Inc.

ParcelPal Logistics Inc. is a Canadian trucking and courier services company based in Vancouver.2

Last updated Oct 21, 2026.

Overview

11.2MRevenue, fiscal 20223
-3.5MNet income, fiscal 20223
  • IndustryTrucking & Courier Services (No Air)2
  • HeadquartersVancouver, Canada2
  • Incorporated inBritish Columbia, Canada4
  • Business address422 Richards St., Suite 170, Vancouver, A1 V6B 2Z44
  • Filer categoryNon-accelerated filer, Emerging growth company4
  • Legal formCorporation2
  • LEI529900MFZ9OV4TGERJ902
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address422 RICHARDS ST. SUITE 170, V6B 2Z4 Vancouver, Canada2
  • Registered withBC Registry Services, C07615312

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2022

17.8%Gross margin3
-31.4%Net margin3
49.5%Revenue growth, 20223
-1.1M CADFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue82¢9.2M CAD
  • Other costs13¢1.5M CAD
  • Interest4¢491.8K CAD

Out of 11.2M CAD in revenue.3 The company lost money this year.

Financial statements

Revenue56311.2M CAD in 2022+234% since 2018
05.0M CAD10.0M CAD15.0M CAD2018: 3.4M CAD3.4M CAD20182019: 4.8M CAD4.8M CAD2019+42%2020: 6.3M CAD6.3M CAD2020+32%2021: 7.5M CAD7.5M CAD2021+19%2022: 11.2M CAD11.2M CAD2022+49%
Gross profit5632.0M CAD in 2022+312% since 2018
01.0M CAD2.0M CAD3.0M CAD2018: 486.5K CAD486.5K CAD20182019: 446.3K CAD446.3K CAD2019−8%2020: 369.4K CAD369.4K CAD2020−17%2021: 1.3M CAD1.3M CAD2021+243%2022: 2.0M CAD2.0M CAD2022+58%
Net income563-3.5M CAD in 2022−4% since 2018
-6.0M CAD-4.0M CAD-2.0M CAD02018: -3.7M CAD-3.7M CAD20182019: -4.6M CAD-4.6M CAD2019+26%2020: -4.9M CAD-4.9M CAD2020+6%2021: -4.1M CAD-4.1M CAD2021−16%2022: -3.5M CAD-3.5M CAD2022−14%
Fiscal year201720182019202020212022
Revenue3.4M CAD54.8M CAD66.3M CAD37.5M CAD311.2M CAD3
Cost of revenue6.3M CAD39.2M CAD3
Gross profit486.5K CAD5446.3K CAD6369.4K CAD31.3M CAD32.0M CAD3
Research and development0 CAD60 CAD3
Interest754.8K CAD3491.8K CAD3
Income before tax-3.2M CAD3-3.8M CAD3
Income tax0 CAD6
Net income-3.7M CAD5-4.6M CAD6-4.9M CAD3-4.1M CAD3-3.5M CAD3
Earnings per share-0 CAD/shares5-0 CAD/shares6-0 CAD/shares3-0 CAD/shares3-0 CAD/shares3
Earnings per share (diluted)-0 CAD/shares5-0 CAD/shares6-0 CAD/shares3-0 CAD/shares3-0 CAD/shares3
Shares (weighted, basic)152.1M shares3184.4M shares3
Shares (weighted, diluted)152.1M shares3184.4M shares3

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Corporate structure

ParcelPal Logistics Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ParcelPal Logistics Inc.

  • ParcelPal Logistics Inc. Vancouver, British Columbia, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ParcelPal Logistics Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)507.7K CAD3 Dec 31, 2022652.4K CAD3 Dec 31, 2021−22.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents76.7K CAD3 Dec 31, 2022552.0K CAD3 Dec 31, 2021−86.1%

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerAndrew Brown named Feb 27, 20248
  • Executive Officer, DirectorRich Wheeless named Mar 28, 2023 to Feb 27, 20248
  • DirectorBrock Vandrick named Mar 28, 2023 to Feb 27, 20248
  • DirectorMichael Sprague named Feb 27, 20248
  • DirectorRobert Faissal named Mar 28, 20239

Former names

  • ParcelPal Technology Inc.Aug 4, 2020 to Jun 1, 20214

Timeline

  1. Jun 22, 2006Founded ParcelPal Logistics Inc. is founded2

Filings

26 filings to the SEC since October 2021: 3 annual reports, 1 large holders, 2 private raises, 20 other. The latest 20:

  1. May 15, 20246-K EDGAR
  2. Feb 27, 2024D EDGAR
  3. Nov 29, 20236-K EDGAR
  4. Aug 29, 20236-K EDGAR
  5. May 30, 20236-K EDGAR
  6. May 15, 202320-F EDGAR
  7. May 1, 2023NT 20-F EDGAR
  8. Mar 28, 2023D EDGAR
  9. Mar 17, 20236-K EDGAR
  10. Jan 13, 2023UPLOAD EDGAR
  11. Jan 11, 202320-F/A EDGAR
  12. Dec 23, 2022CORRESP EDGAR
  13. Dec 5, 2022CORRESP EDGAR
  14. Nov 30, 20226-K EDGAR
  15. Oct 21, 2022UPLOAD EDGAR
  16. Sep 15, 20226-K EDGAR
  17. Sep 12, 2022CORRESP EDGAR
  18. Aug 29, 20226-K 6-K (INTERIM FINANCIAL STATEMENTS) EDGAR
  19. Aug 26, 2022UPLOAD EDGAR
  20. Aug 19, 20226-K EDGAR

The 26 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$683.9K 2023–2024
Money received by yearMoney received by year, 2023–2024: $683.9K in all. Private raises (Form D) $683.9K.$0$200K$400K$600K2023 · Private raises (Form D): $406.1K20232024 · Private raises (Form D): $277.9K2024
Figures by year
YearPrivate raises (Form D)Total
2024$277.9K$277.9K
2023$406.1K$406.1K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Feb 21, 2024Raised $277,875 in a private offering of equity8 Form D: 3 investors so far Form D
  2. Mar 14, 2023Raised $406,058 in a private offering of equity9 Form D: 12 investors so far Form D

SEC filer profile

How ParcelPal Logistics Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARParcelPal Logistics Inc.1
  • CIK0001819074
  • Filer statusNon-accelerated filer<br>emerging growth company1
  • Incorporated inBritish Columbia, Canada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4210 Trucking & Courier Services (No Air)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address422 Richards St., Suite 170, Vancouver, A1 V6B 2Z41
  • Phone587-883-98111
  • Shares outstanding196,374,591 as of Dec 31, 20223
  • On EDGAR sinceAug 4, 20201
  • Filings52 in all: 6-K (20), UPLOAD (8), CORRESP (7), 20-F (3), 20FR12G/A (3), D (2), SEC STAFF LETTER (2), 20-F/A (1)1
    All 14 form types

    20FR12G (1), EFFECT (1), F-1 (1), F-1/A (1), NT 20-F (1), SC 13G (1)

  • Latest filingsAnnual report (20-F) May 15, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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