Canopy Rivers Portfolio Company YSS Receives Five New Cannabis Retail Licences in Alberta

Published: July 11, 2019

Canopy Rivers Portfolio Company YSS Receives Five New Cannabis Retail Licences in Alberta

Canopy Rivers Inc.’s portfolio company, YSS Corp., received five cannabis retail licences from the Alberta Gaming, Liquor and Cannabis Commission. 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.

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