PesoRama (PSSOF) Stock News

PesoRama Inc. (PSSOF), a Canadian company operating dollar stores in Mexico, has announced a non-brokered private placement offering to raise $5 million through the sale of 33,333,333 units at $0.15 per unit. Each unit consists of one common share and one warrant, exercisable for 24 months. The warrants include an acceleration clause if the stock trades above $0.50 for 10 consecutive days. The company plans to use the proceeds for store expansion and working capital. The offering is expected to close around June 26, 2025, subject to TSXV approval. Insiders may participate in the offering, and the company has partnered with Markette Ventures for digital distribution, paying a 1% fee. Additional finder's fees of up to 7% cash and 7% warrants may be paid to eligible finders.

PesoRama (PSSOF), operating JOi Dollar Plus Stores in Mexico, reported strong financial results for FY 2025. The company achieved 14% sales growth to $23.45M, with gross profits up 26% to $8.79M. Store profits surged 60% to $2.71M, while same-store sales increased 16%. Product gross margins improved by 2.1% to 44.5%. The company expanded its footprint with four new store openings, reaching 27 locations. Store traffic increased by 36% year-over-year, and average ticket size grew by 9.3%. As Mexico's only true dollar store company, PesoRama continues to focus on strategic expansion in high-traffic urban areas, with new stores in key Mexico City neighborhoods including Condesa, Portal Centenario, Del Valle, and Martin Carrera.

PesoRama Inc., operating under the JOi Dollar Plus brand in Mexico, announces the grand opening of its 27th store on May 31st, 2025, in Patio Martin Carrera mall. The new 481-square-meter location is situated in a higher-income neighborhood with established commercial activity, 8.7 kilometers from Mexico City's center. The company will celebrate with a live-streamed ribbon-cutting ceremony on Instagram at 3:00 PM CDMX time. CEO Rahim Bhaloo emphasized that this opening aligns with their expansion strategy, noting plans to target additional high-density locations to drive growth and improve accessibility for Mexican consumers.

PesoRama Inc (TSXV: PESO) has announced the grand opening of its 26th JOi Dollar Plus store in Mexico, scheduled for April 26th, 2025. The new location spans 406 square meters and is situated in the City Shops del Valle mall, approximately 14.9 kilometers from Mexico City's center.

The Del Valle neighbourhood is strategically chosen for its established commercial activity and higher-income demographic. The store opening celebration will feature a live-streamed ribbon-cutting ceremony on the company's Instagram page (@joi.dollar.plus) at 2:00 PM CDMX / 4:00 PM EST.

CEO & Chairman Rahim Bhaloo emphasized that this expansion enhances accessibility for Mexican consumers and indicated plans for additional locations in high-density areas to support continued growth.

PesoRama (TSXV: PESO) has announced the upcoming opening of three new JOi Dollar Plus stores in Mexico City, expanding its retail footprint to 28 locations. The strategic expansion includes:

• Store #26: A 406 square meter location in City Shops del Valle mall, targeting higher-income residents, opening in April 2025
• Store #27: A 481 square meter store in Patio Martín Carrera mall, near a modal transfer centre, opening in May 2025
• Store #28: A standalone 513 square meter location near a busy subway station in Agrícola Oriental, part of the Hospital de la Luz complex, opening in June 2025

The expansion strengthens PesoRama's presence in key urban areas, focusing on locations with high foot traffic and diverse consumer needs.

PesoRama Inc. (TSXV: PESO), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus brand, has announced the cross listing of its common shares on the Frankfurt Stock Exchange (FSE) under the symbol 'ZE6'. The FSE, being the largest of Germany's seven stock exchanges, will complement PesoRama's existing TSXV listing.

The company expects this strategic move to enhance liquidity, broaden its shareholder base, and facilitate advanced electronic trading and settlement. CEO Rahim Bhaloo expressed optimism about the cross listing's potential to attract additional investors and support the company's growth.

PesoRama Inc (TSXV: PESO) announced the grand opening of its 25th JOi Dollar Plus store in Portal Centenario, México City, scheduled for December 21st. The new 413-square meter store is located in Álvaro Obregón, a municipality with approximately 759,137 inhabitants, situated 19.5 kilometers from Mexico City's center. The company will host a live stream of the ribbon-cutting ceremony on Instagram (@joi.dollar.plus) at 2:00 PM CDMX / 3:00 PM EST.

CEO Rahim Bhaloo emphasized that this milestone opening enhances their Mexican market expansion and accessibility, noting plans for additional locations in high-density customer areas to drive continued growth.

PesoRama Inc (TSXV: PESO), operating dollar stores in Mexico under the JOi Canadian Stores brand, reported strong financial results for Q3 FY2025. Key highlights include a 17% increase in total sales to $16.6M, a 49% rise in gross profits to $6.4M, and a significant 305% surge in store profits to $1.9M compared to the same period last year.

The company's performance was driven by successful multi-price point strategy implementation, resulting in a 3.3% increase in product gross margins to 44.8%. Same-store sales grew by 13%, while store traffic increased by 55%. The company is expanding its presence with its 25th store location secured in Mexico City, scheduled to open in December 2024.

PesoRama Inc (TSXV: PESO) announced the grand opening of its 24th JOi Dollar Plus store in La Condesa, Mexico, scheduled for October 26th. The new 554-square meter store is located in La Condesa neighborhood, 5 kilometers from Mexico City's center, serving a population of approximately 545,884 inhabitants. A live stream of the ribbon-cutting ceremony will be held on the company's Instagram page @joi.dollar.plus at 2:00 PM CDMX / 4:00 PM EST.