Canopy Rivers Inc. (TSX-V: RIV) (OTC: CNPOF) congratulates its portfolio company, YSS Corp. (“YSS“) (TSXV: YSS) (WKN: A2PMAX), on receiving five cannabis retail licences from the Alberta Gaming, Liquor and Cannabis Commission (“AGLC“). The five new licences are located throughout Alberta and will operate under the YSS™ brand name.
“YSS has made tremendous progress building up their retail presence in Alberta – doubling their current AGLC licensed stores to ten,” said Narbe Alexandrian, President and CEO of Canopy Rivers. “With plans to have all ten stores open by the end of August, this announcement represents positive momentum for YSS in the second half of 2019.”
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 joint management information circular of Canopy Rivers Corporation and the Company dated August 8, 2018, 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 works collaboratively with Canopy Growth Corporation (TSX: WEED,NYSE: CGC) to identify 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 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.