CALGARY, Alberta, July 09, 2019 (GLOBE NEWSWIRE) — YSS Corp.™ (the “Firm” or “YSS”) (TSXV:YSS) (WKN:A2PMAX) is happy to announce the receipt of 5 further cannabis retail licenses from the Alberta Gaming, Liquor and Hashish Fee (“AGLC”) below the YSSTM working model, bringing the Firm’s licensed retailer depend to 10 in Alberta. YSS expects all ten shops to be open by the top of August 2019 and to materially contribute to the Firm’s monetary and working outcomes for the second half of 2019.
The 5 retail cannabis licenses acquired are for the next shops (collectively, the “Further 5 Retail Shops”):
- YSS Calgary (Woodbine) within the Woodbine Sq. procuring centre that includes a grocery retailer, a liquor retailer, a pharmacy and eating places;
- YSS Vermilion is the primary AGLC licensed cannabis retailer in Vermilion and is conveniently situated off Buffalo Path in a procuring centre that features a gasoline station, fast-food eating places and comfort and liquor shops;
- YSS Lloydminster is situated off of Freeway 16 between the principal procuring space of Lloydminster and residential neighborhoods;
- YSS Stony Plain (Atim Creek) is situated alongside the Parkland Freeway on the best way into Stony Plain in an space that includes eating places, a gasoline station, liquor shops and inns; and
- YSS Vegreville is situated throughout the road from the principal grocery retailer in Vegreville and proximate to eating places and a gasoline station.
YSS presently has three working retail shops in Calgary and Purple Deer. The Firm’s fourth retailer, situated in Calgary’s Sunridge Mall space, opens tomorrow, July 10th, below the Candy TreeTM model identify (“Candy Tree Sunridge”). The Firm expects its fifth retailer to open later in July in Excessive River, additionally below the Candy TreeTM model identify (“Candy Tree Excessive River”). YSS expects to open the Further 5 Retail Shops below the YSSTM model identify all through August 2019. Two further YSS retail places in Spruce Grove and Edmonton have competed inspections by the AGLC.
“At present’s announcement is a large step ahead for the corporate, our prospects and our shareholders and displays the continued dedication of the workforce to the execution of our enterprise technique, regardless of dealing with business headwinds since cannabis legalization” mentioned Theo Zunich, President and CEO of YSS. “We’re excited to welcome over 60 new employees to the workforce within the coming weeks and to carry our dedication to customer support to now seven communities throughout Alberta.”
Pursuant to the phrases of the definitive settlement between YSS and Candy Tree Fashionable Apothecary Ltd. introduced on June 13, 2019, YSS has issued an combination of 9,500,000 widespread shares in reference to the issuance of AGLC licenses for Candy Tree Sunridge and Candy Tree Excessive River.
For info on retailer places and opening dates please go to www.ysscorp.ca, www.sweettreecannabis.com and comply with us on social media.
For extra info relating to YSS Corp. please see the Firm’s web site at www.ysscorp.ca/traders and filings accessible below the Firm’s profile on SEDAR at www.sedar.com.
About YSS Corp.
With retail operations below the YSSTM and Candy TreeTM manufacturers, YSS Corp. is a cannabis retailer with the imaginative and prescient to turn into a premier retailer and trusted vacation spot for cannabis in Canada. YSS Corp. has a licensing settlement and name proper on 4 working shops in Purple Deer and Calgary, one AGLC licensed-unopened retailer in Excessive River and three places for future development. Organically, YSS has constructed and acquired AGLC licenses on 5 Alberta shops, has two constructed and inspected shops awaiting licenses and maintains a strategic portfolio of leased and potential places that symbolize future natural progress potential. YSS administration brings excellence throughout capital markets, retail operations, monetary administration and a robust dedication to ship shareholder worth by leveraging high-quality alternatives inside this thrilling new business. The YSS retail expertise is constructed on our 5 basic pillars: comfort, worth, choice, workforce, and above all else, belief.
Investor or Media Contacts:
President, Chief Govt Officer and Director
Cellphone: (403) 455-7656
|Stephanie Bunch, CA
Vice President, Finance and Chief Monetary Officer
Cellphone: (403) 455-7656
Ahead-Wanting and Cautionary Statements
This information launch could embody forward-looking statements together with opinions, assumptions, estimates, the Firm’s evaluation of future plans and operations, and, extra notably, statements regarding: YSS’ retail cannabis enterprise technique, together with natural progress and strategic actions; the opening of Candy Tree Sunridge, Candy Tree Excessive River and the Further 5 Retail Shops and the timings thereof; the anticipated materials contribution of the opened shops to the Firm’s monetary and working outcomes for the second half of 2019; the power to construct, personal and function further retail cannabis shops; the receipt of needed permits and licenses to open shops and the potential to capitalize on potential alternatives which will come up and the power to train thereon. When used on this doc, the phrases “will,” “anticipate,” “imagine,” “estimate,” “count on,” “intent,” “could,” “undertaking,” “ought to,” and comparable expressions are meant to be among the many statements that determine forward-looking statements. The forward-looking statements are based on the premise of expectations and assumptions made by the Firm. Ahead-looking statements are topic to a variety of dangers and uncertainties and, though the Firm believes that the expectations represented by such forward-looking statements are affordable, there will be no assurance that such expectations will probably be realized. Any variety of necessary elements may trigger precise outcomes to vary materially from these within the forward-looking statements together with, however not restricted to: regulatory and third occasion approvals not being obtained within the method or timing anticipated, together with AGLC inspections and licenses; the power to implement company methods; the state of home capital markets; the power to acquire financing; modifications basically market situations; business situations and occasions; the dimensions of the leisure cannabis market; altering buyer habits; the provision of cannabis-retail merchandise from licensed producers; authorities rules, together with future legislative and regulatory developments involving leisure cannabis; competitors from different business contributors; and different elements extra absolutely described occasionally within the stories and filings made by the Firm with securities regulatory authorities. Please check with the Firm’s annual info kind and administration’s dialogue and evaluation for the 12 months ended December 31, 2018 and MD&A for extra threat elements referring to the Firm, which will be accessed below the Firm’s profile on www.sedar.com.
Besides as required by relevant legal guidelines, the Firm doesn’t undertake any obligation to publicly replace or revise any forward-looking statements.
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch.