CALGARY, Alberta, July 03, 2019 (GLOBE NEWSWIRE) -- YSS Corp.™ (the “Company” or “YSS”) (TSXV: YSS) (WKN: A2PMAX) is pleased to announce the receipt of an additional cannabis retail license from the Alberta Gaming, Liquor and Cannabis Commission (“AGLC”) under the Sweet Tree Modern Apothecary Ltd. (“Sweet Tree”) brand, along with an operational update.

Operational Update

“We are incredibly encouraged by the supply trend and the pace of new cannabis retail licenses being granted by AGLC,” said Theo Zunich, President and CEO of YSS. “Our strategic portfolio of inspected stores, secured leases and prospective locations provide YSS and our investors with a solid foundation for organic growth and scale as new products and product types continue to be released for our customers.”

Additional Information

For additional information regarding YSS Corp. please see the Company’s website at www.ysscorp.ca and filings available under the Company’s profile on SEDAR at www.sedar.com.

About YSS Corp.

With retail operations under the YSS^TM and Sweet Tree^TM brands, YSS Corp. is a cannabis retailer with the vision to become a premier retailer and trusted destination for cannabis in Canada.  YSS Corp. has a licensing agreement and call right on three operating stores in Red Deer and Calgary, two AGLC licensed-unopened stores in Calgary and High River and three locations for future construction.  Organically, YSS has built and received AGLC inspections on seven Alberta stores and maintains a strategic portfolio of leased and prospective locations that represent future organic growth potential.  YSS management brings excellence across capital markets, retail operations, financial management and a strong commitment to deliver shareholder value by leveraging high-quality opportunities within this exciting new industry. The YSS retail experience is built on our five fundamental pillars: convenience, value, selection, team, and above all else, trust.

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Forward-Looking and Cautionary Statements

This news release may include forward-looking statements including opinions, assumptions, estimates, the Company’s assessment of future plans and operations, and, more particularly, statements concerning: YSS’s retail cannabis business strategy, including organic growth and strategic activities; the timing of opening Sweet Tree Sunridge; the timing of opening Sweet Tree High River; the ability to build, own and operate additional retail cannabis stores; the receipt of necessary permits and licenses to open stores and the ability to capitalize on potential opportunities that may arise and the ability to exercise thereon.

Except as required by applicable laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.