Shopify Inc (SHOP Stock Price) has managed to keep its position as the leading company in multi-channel commerce platform for entrepreneurs worldwide. One of the best investment choices, the share price saw a rise of over 900% over the past three years.

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In 2012 the company had revenue of just $24 million. The number of sales by the merchandise available on the platform (known as Gross Merchandise Volume) annually accounted for $700 million. By 2018 the company had managed to increase its top-line by 4,400% to $1.1 billion and the GMV had also surged to $41 billion.

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Over 5% of all retail e-commerce sales in the US is facilitated by Shopify, larger parts are contributed by Amazon and eBay. Shopify accommodates more than 800,000 businesses, providing them basic tools for selling goods online at a monthly cost of $9. The company also allows its clients to build fully functional online stores at a monthly charge of $29.

Other facilities and tools provided by Shopify include point-of-sales systems for physical retail stores, payment processing facilities, shipping facilities, and working capital loans facilities. It has added various other services with time and consequently become a key partner of several hundreds of businesses.

Interestingly, the giant still has massive scope for expanding its business. The small businesses have a market worth over $70 billion, while Shopify manages to address over $1 billion last year, indicating huge room for growth. The big businesses, on the other hand, look at joining hands with Shopify especially for the wide range of services provided by Shopify Plus which charges over $2000 or more monthly.

ParcelPal (PKG.CN) (PTNYF) & Shopify (SHOP) Integration Opening Big Doors For Cannabis In Canada

Originally scooped by Benzinga (see: Scoop: Shopify And ParcelPal To Integrate For Cannabis Delivery In Canada), ParcelPal has formally announced that it will be integrating with Shopify to offer cannabis products to customers of Shopify shops. This will be available in Vancouver, Calgary, and Saskatchewan. Customers ordering from Shopify stores in these areas will be able to receive cannabis at their own homes.

“Shopify is the main e-commerce platform in Canada for cannabis. Our integration onto the Shopify platform allows us to easily integrate and begin executing within the space.” ParcelPal’s President and CEO Kelly Abbott told Benzinga

Two of the company’s current clients (Choom Holdings and Kiaro) already have established outlets on the Shopify platform. The move, as the company puts it, will “give them an omnichannel approach to their sales. This will give us access to the recreational and medical market.”

For the full ParcelPal release, Click Here.

The opportunity that ParcelPal (PTNYF) (PKG) may be presenting now draws comparisons to the way early investors had an opportunity with companies like Uber and GrubHub (GRUB) before they went mainstream in the US. GrubHub priced its initial public offering at $26 per share and now trades nearly 5x that price just as this market is beginning to heat up!

The difference with ParcelPal (PTNYF) (PKG) is that it is going directly after the international markets that have very limited access to technology like this right now. But this is just a small piece of a much bigger picture. Want to see how ParcelPal has already been working with one of the biggest online retailers in the world? Yes We’re Talking About Amazon!

Click Here For A Full Report On ParcelPal (PKG) (PTNYF)

The Road Ahead For Shopify

In addition to ParcelPal, Johnson & Johnson (JNJ Stock Price) and Procter & Gamble (PG Stock Price) are a few of the many giants which are clients of Shopify. Moreover, after the announcement of the launch of the new fulfillment network, the opportunity increased even more for Shopify. The company also plans to provide personalized packaging and shipping facilities across the US.

That’s along with the utilization of machine learning so as to optimize inventories and reduce costs of shipment. The personalized packaging feature would help Shopify to stand out. It would also boost competition with companies like Amazon, which market their own brand on third-party shipped packages.

These factors considered, Shopify is in the position to gain increased market share. Shares trade at a premium price which is 30 times the sales of the company. However, that does not classify the stock as an overvalued one, especially with the future looking as bright.