CALGARY, Jan. 8, 2020 /CNW/ - YSS Corp.™ ("YSS" or
the "Company") (TSXV: YSS) (WKN: A2PMAX), a premier
Canadian cannabis retailer operating under the YSS
CannabisTM and Sweet Tree CannabisTM
brands, is pleased to announce the grand opening of its two
downtown Calgary flagship stores.
YSS 4th Avenue SW, located at 526 4th Ave SW,
opened on January 4, 2020 and Sweet
Tree 17th Avenue SW, located at 1206 17th Ave
SW, opened on January 7, 2020.
With the opening of the two Calgary flagship stores, YSS now has 16
operating stores in Calgary (6),
Edmonton, Red Deer, Vermilion, Stony
Plain, Vegreville,
Spruce Grove, Lloydminster, High
River, Okotoks and
Swift Current, Saskatchewan.
YSS is committed to becoming the trusted destination for
cannabis in Canada by creating and
delivering a premier in-store retail experience through
understanding customer demands and data, implementing standardized
procedures, investing in brand and retail design, offering
interactive in-store technology, and developing an experienced and
welcoming team. The Company views the continued investment in
customer experience as instrumental to establishing customer
loyalty, brand recognition and ultimately, future business.
Pursuant to the terms of the definitive agreement between YSS
and Sweet Tree Modern Apothecary Ltd. announced on June 13, 2019, YSS has issued an aggregate of
6,625,000 common shares in connection with the issuance of licenses
for Sweet Tree 17th Avenue SW and Sweet Tree
Okotoks.
Additional Information
For information on store locations and opening dates please
visit www.ysscorp.ca, www.sweettreecannabis.com and follow
both our operating brands on social media.
For additional information regarding YSS and to access an
updated corporate presentation, please see the Company's website at
www.ysscorp.ca/investors. Corporate and financial
filings are available under the Company's profile on SEDAR
at www.sedar.com.
About YSS Corp.
With retail operations under the YSSTM and
Sweet TreeTM brands, YSS Corp. is a premium
cannabis retailer and the trusted destination to explore and
discover cannabis in Canada. YSS operates 16 locations across
Calgary, Edmonton, Red
Deer, High River,
Okotoks, Spruce Grove, Stony
Plain, Vermilion,
Lloydminster, Vegreville and Swift
Current under the YSS and Sweet Tree brands. In
addition, YSS maintains a strategic portfolio of under
construction, secured and prospective locations that represent
future organic growth potential for the Company. YSS
management brings proven expertise across capital markets, retail
operations, hospitality, cannabis, financial management and a
strong commitment to deliver shareholder value by leveraging
high-quality opportunities within this exciting new industry.
The YSS retail experience is built on our five fundamental pillars:
convenience, value, selection, team, and above all else, trust.
Forward-Looking and Cautionary Statements
This news release may include forward-looking statements
including opinions, assumptions, estimates, the Company's
assessment of future plans and operations, and, more particularly,
statements concerning: YSS' retail cannabis business strategy,
including organic growth and strategic activities; the opening,
licensing, inspection, construction and planning of YSS or Sweet
Tree retail stores; the ability to build, own and operate
additional retail cannabis stores; the receipt of necessary permits
and licenses to open stores and the ability to capitalize on
potential opportunities that may arise and the ability to exercise
thereon. When used in this document, the words "will,"
"anticipate," "believe," "estimate," "expect," "intent," "may,"
"project," "should," and similar expressions are intended to be
among the statements that identify forward-looking statements. The
forward-looking statements are founded on the basis of expectations
and assumptions made by the Company. Forward-looking statements are
subject to a wide range of risks and uncertainties and, although
the Company believes that the expectations represented by such
forward-looking statements are reasonable, there can be no
assurance that such expectations will be realized. Any number of
important factors could cause actual results to differ materially
from those in the forward-looking statements including, but not
limited to: regulatory and third party approvals not being obtained
in the manner or timing anticipated; the ability to implement
corporate strategies; the state of domestic capital markets; the
ability to obtain financing; changes in general market conditions;
industry conditions and events; the size of the recreational
cannabis market; changing customer habits; the availability of
cannabis-retail products from licensed producers, including new
cannabis formats; government regulations, including future
legislative and regulatory developments involving recreational
cannabis; competition from other industry participants; and other
factors more fully described from time to time in the reports and
filings made by the Company with securities regulatory authorities.
Please refer to the Company's annual information form and
management's discussion and analysis for the year ended
December 31, 2018 for additional risk
factors relating to the Company, which can be accessed under the
Company's profile on www.sedar.com.
Except as required by applicable laws, the Company does not
undertake any obligation to publicly update or revise any
forward-looking statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE YSS Corp.