CALGARY, AB, Dec. 17, 2020 /CNW/ - YSS Corp. (the
"Company" or "YSS") (TSXV: YSS) (OTCQB: YSSCF) (WKN:
A2PMAX), a premier Canadian cannabis retailer with operations under
the YSSTM and Sweet TreeTM brands and a
trusted destination to explore and discover cannabis in
Canada, is pleased to announce the grand opening of YSS
Country Hills in Calgary,
scheduled for Friday, December 18,
2020. YSS Country Hills is located at 252 Country Hills
Boulevard NE, central to the four Calgary neighborhoods of Panorama Hills,
Coventry Hills, Country Hills and Harvest Hills.
Following the opening of YSS Country Hills in Calgary, YSS will have 19 operating stores
located in Calgary (7),
Edmonton (2), Red Deer, Vermilion, Stony
Plain, Vegreville,
Spruce Grove, Lloydminster, High
River, Okotoks, Grand
Prairie and Swift Current,
Saskatchewan.
Planning, permitting and construction is underway on four
additional locations, including two in Ontario.
Additional Information
For information on store locations, updates on promotions, store
openings and to access the Company's click and collect service
please visit www.ysscannabis.com, www.sweettreecannabis.com and
follow us on social media.
For additional information regarding YSS Corp., please see the
Company's website at www.ysscorp.ca/investors 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 premium
cannabis retailer and the trusted destination to explore and
discover cannabis in Canada.
Following opening of YSS Country Hills, YSS will operate 19 stores
across Alberta and in Saskatchewan 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.
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 Company's
operations and retail experience; information relating to future
promotions, store openings and the Company's click-and-collect
service; the grand opening of YSS Country Hills and timing thereof;
and the construction of the Company's new retail stores in
Calgary, Alberta and Waterloo, Ontario.
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: risks relating to the COVID-19
pandemic, governmental responses thereto, measures taken by the
Company in response thereto and the impact thereof on the global
economy, capital markets, the cannabis retail industry and the
Company; the success of the Company's operations; ability to
execute its business strategy and future plans of operations; risks
relating to acquisitions; third party credit risks; accuracy and
reliability of data analytics relied on by the Company; ability to
obtain, amend or renew necessary licences, permits and
authorizations for the Company's operations in a timely and
cost-efficient manner; ability to obtain and maintain liability
insurance on acceptable terms; development of new stores including
construction delays; increased competition; ability to locate and
secure acceptable store sites and maintain retail leases on
acceptable terms; ability to obtain quality and diversified
cannabis products and cannabis accessories; ability to attract and
retain key personnel and customers; dependence on key personnel;
labour costs, shortages and labour relations; supply interruption
or delays; dependence on suppliers; intellectual property and
cybersecurity risks; risks related to product recalls, product
liability and health and safety; unfavourable publicity and
consumer perception with respect to cannabis, cannabis products and
cannabis accessories; industry conditions and events; the size of
the recreational cannabis market; changing customer habits; the
state of the economy including general economic conditions in
Canada, the U.S. and globally; the
unpredictability and volatility of the price of the common shares;
restrictions on potential growth; availability of sufficient
financial resources to fund the Company's capital expenditures;
changes in tax rates and government mark-ups; the state of domestic
capital markets; the ability to obtain financing on satisfactory
terms, including pursuant to the previously announced senior
secured term loan of up to $4.0
million; changes in general market conditions; 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 management's discussion and analysis
for the year ended December 31, 2019
and for the period ended September 30,
2020 and the Company's annual information form for the year
ended December 31, 2019 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.