YSS (TSXV:YSS,WKN:A2PMAX) received its 11th cannabis retail license from the Alberta Gaming, Liquor and Cannabis Commission (AGLC) under the YSSTM operating brand.
As quoted in the press release:
YSS expects all eleven stores to be opened in Q3 2019 and to materially contribute to the Company’s financial and operating results for the second half of 2019.
The retail cannabis license received is for the YSS Spruce Grove store, conveniently located on the corner of two busy regional highways, Jennifer Heil Way and Parkland Highway.
YSS currently has four operating retail stores in Calgary and Red Deer. YSS expects to open seven additional retail cannabis stores during Q3 2019. One further YSS retail location in Edmonton has completed inspections by the AGLC and is pending license. Below is an outline of the seven stores expected to be opened in the coming weeks:
“We continue to be pleased with AGLC’s progressive approach to issuing cannabis retail licenses, the growth in cannabis supply and the results from our operating stores,” said Theo Zunich, President and CEO of YSS. “We are excited at the growth profile ahead for YSS as we continue to build out our strategic portfolio of Alberta locations.”