Canopy Rivers (TSX.V: RIV) (OTC: CNPOF) this morning announced that its portfolio company, YSS Corp. (TSX.V: YSS) (WKN: A2PMAX), has received its 12th cannabis retail license from the Alberta Gaming, Liquor and Cannabis Commission (“AGLC”). According to the update, the newly licensed store will operate under the YSS(TM) brand name and is strategically located in a high-traffic suburban area in northwest Edmonton. YSS operates six stores in Calgary and Red Deer, with an additional two licensed Vermilion and Vegreville locations expected to open 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,” Canopy Rivers President and CEO Narbe Alexandrian said in the news release. “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.”
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About Canopy Rivers Inc.
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. For more information, visit the company’s website at www.CanopyRivers.com.
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