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Nova Cannabis Inc Com V.ALZ.RT


Primary Symbol: YSSCF

YSS Corp is a retailer and trusted destination for adult-use cannabis in Canada, focused on driving near-term growth while building long-term shareholder value. The company has built a strategic portfolio of Licensed Retail Stores across Alberta and in Saskatchewan and intends to expand into Ontario as well as other Canadian markets. Management is focused on strategic opportunities within the cannabis sector to drive shareholder value and its retail experience is built on five fundamental pillar


GREY:YSSCF - Post by User

Comment by etceteraon Sep 12, 2019 8:03am
326 Views
Post# 30119017

RE:RE:New to YSS

RE:RE:New to YSS
skuZzy123 wrote:

5 stores = 1.2 million CAD turnover per month = 14.4 million CAD turnover per year

10 stores = $ 28.8 million CAD turnover per year

14 stores from end of September = ~ 33 million CAD turnover per year

20 stores from the end of the year = ~ 57 million CAD turnover per year

Market Cap ~ 40 million CAD


You are right on SKU

Here is the news

YSS estimates $1.1-million in August revenue

2019-09-12 07:48 ET - News Release
 

YSS CORP. ANNOUNCES OPENING OF 12TH RETAIL CANNABIS STORE AND PROVIDES OPERATIONAL UPDATE

With the opening of both the YSS NW Landing store in Edmonton last week and the YSS Lloydminster store today, YSS Corp. now has a total of 12 operating cannabis retail stores across Alberta.

With six stores operating for the entire month, and four stores contributing partial month sales, YSS achieved record monthly sales in August, generating an estimated $1.1 million of revenue and $365 thousand in gross margin.

Construction is nearing completion at the Company's next two retail stores, Sweet Tree Okotoks and the flagship Sweet Tree 17th Avenue store located in downtown Calgary on the 'Red Mile'. In addition, the Company has commenced planning and construction for an additional six retail stores, which will bring the Company's total operating or ready-to-open store count to 20 by year-end 2019.

With a focus on balancing lease obligations during the cannabis retail licensing moratorium in Alberta against maintaining a location portfolio for future growth, YSS has established a strategic portfolio of 27 total locations, inclusive of open stores and locations under construction. The unbuilt portfolio locations will fuel growth for the remainder of 2019 and into 2020. The Company is selectively expanding this portfolio with the objective of growing to more than 30 operating stores in 2020.

https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aYSS-2808868&symbol=YSS&region=C
 


 




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