CALGARY, Dec. 10, 2019 /CNW/ - YSS Corp.™ ("YSS" or
the "Company") (TSXV: YSS) (WKN: A2PMAX), a premier
Canadian cannabis retailer operating under the YSS and Sweet Tree
brands, is pleased to announce the grand opening of Sweet Tree
Okotoks, which took place on Friday,
December 6, 2019. Located at 200 Southridge Dr., Sweet
Tree Okotoks is the Company's 14th operating cannabis
retail store.
In addition, the Company's two Calgary flagship stores, YSS 4th
Avenue SW and Sweet Tree 17th Avenue SW, have both
passed the final Alberta Gaming, Liquor and Cannabis Commission
("AGLC") inspection and are expected to open later this
month.
"With a strong presence spanning from Calgary to High
River, Okotoks is a natural
progression for growth of the Sweet Tree brand," said Theo Zunich, President and CEO of YSS Corp. "We
are excited to bring the Sweet Tree customer experience to the
community of Okotoks."
YSS now has 14 operating stores in Calgary (4), 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.
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 14 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 and the timings thereof; improving cannabis
quality and decreasing wholesale prices; availability of new
cannabis formats, including oil vaporizers, beverages, edibles,
concentrates and topicals and timing thereof; increase in revenue
and expanding profit margins; 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, including AGLC inspections and
licenses and those relating to new cannabis formats; 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.
This news release contains future-oriented financial
information and financial outlook information (collectively,
"FOFI") about the Company's investments, revenue, gross margin and
cash flow, which are subject to the same assumptions, risk factors,
limitations, and qualifications as set forth in the above
paragraphs. FOFI contained in this document was approved by
management as of the date of this document and was provided for the
purpose of providing further information about YSS' future business
operations. YSS disclaims any intention or
obligation to update or revise any FOFI contained in this document,
whether as a result of new information, future events or otherwise,
unless required pursuant to applicable law. Readers are cautioned
that the FOFI contained in this document should not be used for
purposes other than for which it is disclosed herein.
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.