ParcelPal Logistics Inc. announced that it has extended its contract with its second largest customer for at least another year. This customer accounts for approximately 20% of the Company's topline revenue and is growing with us. Additionally, the terms of the renewed contract are more favorable for ParcelPal with increasing rates on deliveries and higher package counts.

The new agreement runs until November 2024, and its anticipate serving additional sites with this customer in 2024. This is a great sign for the Company moving forward as it shows customer's confidence in us, and which believe should lead to expansion opportunities with this customer.