3 Canadian Tech Stocks To Watch As New Developments Point To Innovation
The stock price for many stocks has been ripping these last few years with a few hiccups here and there. However, the Canadian market is also gaining large amounts of traction. Canadian tech and marijuana stocks have exploded.
The Canadian market is more dynamic than that though. There are a lot of small companies looking to improve everyone’s lives. We’ll take a look at 3 top Canadian penny stocks to watch
Marijuana Stocks With A Delivery Combo
ParcelPal Technology Inc. (PKG) (PTNYF) is revolutionizing the Canadian delivery space. The company offers on-demand delivery within one hour for anything a consumer may want. This includes food, marijuana, clothes, etc. The best part: anyone can access the cost-effective delivery platform.
ParcelPal recently revealed that it has established a strategic partnership with a craft brewery company called Cowbell Brewing Co. This partnership allows ParcelPal users to purchase Cowbell’s products. In addition to the financial benefits, the partnership impacts Cowbell’s community as a whole. They view it as a way to eliminate the potential for drunk drivers.
“We are thrilled to be working with Cowbell on this vertical for our future expansion into Ontario. They have a very well recognized and established brand across the province. Using ParcelPal as an online ordering platform will help Cowbell increase inventory turnover and create an alternative sales channel. Customers will now be able to enjoy Cowbell product offerings without leaving the comfort of their homes.”
ParcelPal President and CEO, Kelly Abbott
Free Report: On-Demand Tech Companies Hit Billion-Dollar Valuations; Here’s How Investors Can Capitalize In The Market
Furthermore, the delivery company achieved an impressive milestone. They successfully completed the delivery of over 2.5 million packages. This is eye-opening because only 3 months ago the company just hit 2 million deliveries showing strong growth.
SugarBud Craft Growers Corp. (SUGR.V) (RLLRF) focuses on selling super premium marijuana. They grow their marijuana in small growing rooms in order to heavily control the product they produce.
During June of 2019, SugarBud did an entire corporate rebranding. They launched a new website with updated investor info, SugarBud teams accomplishments, and allows for the distribution of medical cannabis. SugarBud’s President and CEO, Craig Kolochuk, expressed, “In the near-term we are looking forward to the imminent receipt of our cultivation license from Health Canada, and thereafter the production, processing, and distribution of ultra-premium bud.”
Futuristic Penny Stock To Watch
Drone Delivery Canada Corp. (FLT.V) (TAKOF) is a technology company developing state-of-the-art drone technology. They are attempting to create a commercialized drone delivery system in Canada. Their drones can deliver anything for any situation.
The company broke significant ground towards there drone system goal. Drone Delivery completed the phase one trial for its automated external defibrillator on the Fly Pilot. The drone was able to reduce the response time in first responder scenarios compared to the Peel Region’s paramedics.
Communications Penny Stock To Watch
Baylin Technologies Inc. (BYL.TO) (BYLTF) is an antenna company focused on developing new radio frequency and terrestrial microwave products. From 2012 to 2019, the company has consistently provided new and improved products every single year. In light of this, year-over-year Corporate revenue figures have consistently grown since 2015.
Baylin announced that they got a $365,000 order through its subsidiary, Galtronics USA Inc. The order is for its brand new Under the Seat MID band MIMO antennas for multiple stadiums.
“Historically, getting clean signals in stadiums has been difficult. Galtronics’ new Under the Seat (UTS) antennas solve that problem by providing wireless capacity from beneath the stadium seating area. They bring a low-power, high-capacity solution to today’s demanding wireless users.”
Randy Dewey, CEO and President of Baylin
