LBLCF - DoorDash partners with Loblaw Companies for express grocery delivery in Canada

DoorDash (DASH) announced Wednesday its collaboration with Loblaw Companies (OTCPK:LBLCF) that would see a new grocery delivery service to customers in Canada. The logistics company told that starting Aug. 2022, it is launching Loblaw's PC Express Rapid Delivery services on its DoorDash marketplace app which will make grocery and convenience items available to customers in the express delivery time of 30-minutes-or-less. On Tuesday, Goldman Sachs Group reinstated coverage of DoorDash (NYSE:DASH) with a neutral rating and 12-month price target of $67. Stock is down 3% in pre-market trading. Earlier (June 8): DoorDash stands out on a valuation basis in the IPO class of 2020-2021 - BofA

For further details see:

DoorDash partners with Loblaw Companies for express grocery delivery in Canada