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PESORAMA INC NEW - $PSSOF STOCK NEWS

Welcome to our dedicated page for PESORAMA NEW news (Ticker: $PSSOF), a resource for investors and traders seeking the latest updates and insights on PESORAMA NEW stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PESORAMA NEW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PESORAMA NEW's position in the market.

News
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PesoRama Inc. (TSXV: PESO) announces the resignation of Erica Fattore as President and CEO, with Rahim Bhaloo acting as Interim CEO. Abdul Bawazeer also transitions to a consultancy role. The Company expresses gratitude for their contributions and looks forward to a promising future.
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PesoRama Inc. (TSXV: PESO) reported impressive financial results for Q3 2024, including a 156% increase in store profits, 51% increase in sales, and 117% increase in gross profits. The company also secured a $20M senior secured credit facility, closed a private placement, and opened two new stores in Mexico.
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PesoRama Inc. (TSXV: PESO) announces the grand opening of JOi Dollar Plus Store #23 in Iztapalapa, Mexico. The 425-square meter store aims to cater to aspirational customers by offering luxury and trendy products at a deep discount. The company's President and CEO, Erica Fattore, expresses excitement about the expansion and success achieved so far. Founder and Executive Chairman, Rahim Bhaloo, is confident in the company's expansion plans and sees ample opportunity for growth in Mexico.
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PesoRama Inc. (PESO) appoints Rodrigo Castañon as Chief Operating Officer for its Mexican operations. Mr. Castañon brings vast experience in retail, marketing, and fast-moving consumer goods, having worked for Tiendas D1 and DIA Group. The Company grants him 1,000,000 stock options, exercisable at $0.23 per share until November 24, 2028, vesting over a four-year period.
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PesoRama Inc. (TSXV: PESO) announces the grand opening of its 22nd JOi Dollar Plus store in Tlalnepantla, Mexico, targeting a large consumer segment. The new 458-square meter store is strategically located in a densely populated urban area with high foot traffic and accessibility. The company's CEO and Founder express excitement and optimism for the expansion, emphasizing the potential for continued growth and success. A live stream of the ribbon cutting and new store opening celebration will be held on JOi's Instagram page on November 17th at 3:00 PM ET.
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PesoRama Inc. announces strong Q2 2023 financial results with store profits increasing by 106% to $58,664 and sales increasing by 70% to $8,933,940. Gross profits increased by 205% to $1,666,231 and product gross margins increased by 2.1% to 40.8%. The company attributes the growth to unique merchandising strategies and overall customer experience. The success of JOi Dollar Plus Stores is driving long-term value for shareholders.
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PesoRama Inc. plans to settle $546,191 of debt by issuing 2,482,684 common shares at a price of $0.22 per share. The settlement is subject to necessary approvals and will be discussed at the upcoming shareholder meeting on August 8, 2023.
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PESORAMA INC NEW

OTC:PSSOF

PSSOF Rankings

PSSOF Stock Data

14.50M
89.19M
14.78%
0.31%
Discount Stores
Consumer Defensive
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United States of America
Toronto