YSS Announces Receipt of Cannabis Retail Licenselets go guys!
| Source: YSS Corp.
CALGARY, Alberta, June 18, 2019 (GLOBE NEWSWIRE) -- YSS Corp.™ (the “Company” or “YSS”) (TSXV: YSS) (WKN: A2PMAX) is pleased to announce that the Company has received a cannabis retail license from the Alberta Gaming, Liquor and Cannabis Commission (“AGLC”) under the Sweet Tree Modern Apothecary Ltd. (“Sweet Tree”) brand to open a cannabis retail store located near the Sunridge Mall shopping complex situated along 36th Street in Northeast Calgary (“Sweet Tree Sunridge”) with extensive parking and conveniently located close to public transit.
The Company anticipates that Sweet Tree Sunridge will open in early July. Once opened, Sweet Tree Sunridge will represent the Company’s fourth licensed-operating location in Alberta and the third licensed-operating location in Calgary.
“We are thrilled to welcome new and existing customers to our third Calgary Sweet Tree location, conveniently located near Sunridge Mall,” said Theo Zunich, President and CEO of YSS. “A key strategic rationale for our transaction with Sweet Tree, which closed June 13, was to accelerate cash flow and profitability for YSS. The receipt of this AGLC license represents another critical milestone to secure near and longer-term sustainability within the rapidly expanding and evolving cannabis industry.”
Additional Information
For additional information regarding YSS Corp. please see the Company’s website at www.ysscorp.ca and filings 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 cannabis retailer with the vision to become a premier retailer and trusted destination for cannabis in Canada. YSS Corp. has a licensing agreement and call right on four operating stores in Red Deer and Calgary, one additional AGLC inspected location and three locations for future construction. Organically, YSS has built and received AGLC inspections on six additional Alberta stores, has one location in Edmonton, Alberta nearing completion of construction and maintains a strategic portfolio of leased and prospective locations that represent future organic growth potential. YSS management brings excellence across capital markets, 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.