Canopy Rivers Inc. (TSX-V: RIV) (OTC: CNPOF) congratulates its portfolio company, YSS Corp. (“YSS“) (TSXV: YSS) (WKN: A2PMAX), on receiving its 12th cannabis retail licence from the Alberta Gaming, Liquor and Cannabis Commission (“AGLC“). Operating under the YSS™ brand name, the newly licensed store is strategically located in a high-traffic suburban area in northwest Edmonton. YSS has six operational stores located in Calgary and Red Deer, with an additional two licensed locations expected to open in Vermilion and Vegreville within the next week.
“YSS continues to strengthen its hold on Alberta’s cannabis retail landscape, now boasting a total of 12 stores licensed by the AGLC,” said Narbe Alexandrian, President and CEO of Canopy Rivers. “With plans to have all of its licensed stores operational by the end of Q3 2019, this announcement is a continued testament to YSS’s potential for growth and long-term profitability.”
Canopy Rivers currently holds approximately 8% of the issued and outstanding common shares in the capital of YSS on a fully-diluted basis. For more information regarding Canopy Rivers’ investment in YSS, please refer to the Company’s annual information form dated July 15, 2019 (“AIF“) filed with Canadian securities regulators and available on the Company’s profile on SEDAR at www.sedar.com. For additional information about YSS, please refer to YSS’s profile on SEDAR or their website at www.ysscorp.ca/investors.
About Canopy Rivers:
Canopy Rivers is a unique investment and operating platform structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire ecosystem.