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

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Nova Cannabis Inc Com > My feet has been dipped.

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Comment by PatrickNeilon Jan 09, 2020 6:17pm

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Post# 30536612

RE:RE:RE:RE:RE:RE:RE:My feet has been dipped.

Purchasing existing stores is easier, especially if they already have inspections done and are selling. Depending on the jurisdiction it could take months or longer to get approval and then a licence. That could easily cut into the "cheaper to lease and build". As in the case of FAF, they have been sitting on dozens of properties without getting licencing.

After my original post I thought about it. YSS will open one or 2 stores in Ontario to get a feel, then proceed to purchase existing stores from private individuals who haven't been good at managing their store.

Just my take.

Good luck all.

QcTrader wrote:
i believe with the history of YSS they will go the natural organic route where its cheaper to lease and build a 400k$ store rather than pay couple millions for one.

time will tell.... for sure their eyes are on Ontario... who wouldnt?

=)

I've placed my bet today, will be adding in the coming trading days.

Brandonrr wrote: I wouldnt disagree with your valuation in 3 years...anything is possible. I would like to see a plan from management too see what their thoughts are moving forward into ontario. I agree management seems to be excuting well and using the capital wisely. a buyout of smaller retailers may be the way to go